Revised edition of the authors' Microeconomics, c2013. Includes bibliographical references and index.
Contents:
Introduction markets and price -- Preliminaries -- Basics of supply and demand -- Producers, consumers, and competitive markets -- Consumer behavior -- Individual and market demand -- Uncertainty and consumer behavior -- Production -- The cost of production -- Profit maximization -- The analysis of competitive markets -- Market structure and competitive strategy -- Market power -- Pricing with market power -- Monopolistic competition and oligopoly -- Game theory and competitive strategy -- Market for factor inputs -- Investment, time, and capital markets -- Information, market failure, and the role of government -- General equilibrium and economic efficiency -- Markets with assymetric information -- Externalities and public goods -- Behavioral economics.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.