Exploring microeconomics. (2019)

• Record Type: Book
• Further Information: Note: Robert L. Sexton.
• Authors: Sexton, Robert L
• Contents: Part I: Introduction; Chapter 1: The Role and Method of Economics; 1.1 Economics: A Brief Introduction; 1.2 Economic Behavior; 1.3 Economic Theory and Models; 1.4 Pitfalls to Avoid in Scientific Thinking; 1.5 Positive Statements and Normative Statements; Chapter 2: Economics: Eight Powerful Ideas; 2.1 Idea 1: People Face Scarcity and Costly Trade-Offs; 2.2 Idea 2: People Engage in Rational Decision Making and Marginal Thinking; 2.3 Idea 3: People Respond Predictably to Changes in Incentives; 2.4 Idea 4: Specialization and Trade Can Make People Better Off; 2.5 Idea 5: Markets Can Improve Economic Efficiency; 2.6 Idea 6: Appropriate Government Policies Can Improve Market Outcomes; 2.7 Idea 7: Government Policies May Help Stabilize the Economy; 2.8 Idea 8: Increasing Productivity Leads to Economic Growth; Chapter 3: Scarcity, Trade-Offs, and Production Possibilities; 3.1 The Three Economic Questions Every Society Faces; 3.2 The Circular Flow Model; 3.3 The Production Possibilities Curve; 3.4 Economic Growth and the Production Possibilities Curve; Part II: Supply and Demand; Chapter 4: Demand, Supply, and Market Equilibrium; 4.1 Markets; 4.2 Demand; 4.3 Shifts in the Demand Curve; 4.4 Supply; 4.5 Shifts in the Supply Curve; 4.6 Market Equilibrium Price and Quantity; Chapter 5: Markets in Motion and Price Controls; 5.1 Changes in Market Equilibrium; 5.2 Price Controls; Chapter 6: Elasticities; 6.1 Price Elasticity of Demand; 6.2 Total Revenue and the Price Elasticity of Demand; 6.3 Other Types of Demand Elasticities; 6.4 Price Elasticity of Supply; Part III: Market Efficiency, Market Failure, and the Public System; Chapter 7: Market Efficiency and Welfare; 7.1 Consumer Surplus and Producer Surplus; 7.2 The Welfare Effects of Taxes, Subsidies, and Price Controls; Chapter 8: Market Failure; 8.1 Externalities; 8.2 Public Policy and the Environment; 8.3 Property Rights and the Environment; 8.4 Public Goods; 8.5 Asymmetric Information; Chapter 9: Public Finance and Public Choice; 9.1 Public Finance: Government Spending and Taxation; 9.2 Public Choice; Part IV: Households and Market Structure; Chapter 10: Consumer Choice Theory; 10.1 Consumer Behavior; 10.2 The Consumer's Choice; 10.3 Behavioral Economics; Chapter 11: The Firm: Production and Costs; 11.1 Firms and Profts: Total Revenues Minus Total Costs; 11.2 Production in the Short Run; 11.3 Costs in the Short Run; 11.4 The Shape of the Short-Run Cost Curves; 11.5 Cost-Curves: Short Run versus Lung Run; Chapter 12: Firms in Perfectly Competitive Markets; 12.1 A Perfectly Competitive Market; 12.2 An Individual Price Taker's Demand Curve; 12.3 Profit Maximization; 12.4 Short-Run Profits and Losses; 12.5 Long-Run Equilibrium; 12.6 Long-Run Supply; Chapter 13: Monopoly and Antitrust; 13.1 Monopoly: The Price Maker; 13.2 Demand and Marginal Revenue in Monopoly; 13.3 The Monopolist's Equilibrium; 13.4 Monopoly and Welfare Loss; 13.5 Monopoly Policy; 13.6 Price Discrimination and Peak Load Pricing; Chapter 14: Monopolistic Competition and Product Differentiation; 14.1 Monopolistic Competition; 14.2 Price and Output Determination in Monopolistic Competition; 14.3 Monopolistic Competition versus Perfect Competition; 14.4 Advertising; Chapter 15: Oligopoly and Strategic Behavior; 15.1 Oligopoly; 15.2 Collusion and Cartels; 15.3 Other Oligopoly Models; 15.4 Game Theory and Strategic Behavior; Part V: Input Markets and Microeconomic Policy Issues; Chapter 16: The Markets for Labor, Capital, and Land; 16.1 Input Markets; 16.2 Supply and Demand in the Labor Market; 16.3 Labor Market Equilibrium; 16.4 Labor Unions; 16.5 The Markets for Land and Capital; Chapter 17: Income, Poverty, and Health Care; 17.1 Income Distribution; 17.2 Income Redistribution; 17.3 The Economics of Discrimination; 17.4 Poverty; 17.5 Health Care; Part VI: The Global Economy; Chapter 18: International Trade; 18.1 The Growth in World Trade; 18.2 Comparative Advantage and Gains from Trade; 18.3 Supply and Demand in International Trade; 18.4 Tariffs, Import Quotas, and Subsidies; Chapter 19: International Finance; 19.1 The Balance of Payments; 19.2 Exchange Rates; 19.3 Equilibrium Changes in the Foreign Exchange Market; 19.4 Flexible Exchange Rates;
• Edition: Eighth edition
• Publisher Details: Los Angeles : SAGE
• Publication Date: 2019
• Extent: 1 online resource
• Subjects: 338.5; Microeconomics
• Languages: English
• ISBNs: 9781544339436
• Notes: Note: Description based on CIP data; resource not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.