{"product_id":"microeconomics-9781119368922","title":"Microeconomics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface iii\u003c\/p\u003e \u003cp\u003eAcknowledgments viii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: An Introduction to Microeconomics 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 The Scope of Microeconomic Theory 2\u003c\/p\u003e \u003cp\u003e1.2 The Nature and Role of Theory 2\u003c\/p\u003e \u003cp\u003e1.3 Positive versus Normative Analysis 3\u003c\/p\u003e \u003cp\u003e1.4 Market Analysis and Real versus Nominal Prices 4\u003c\/p\u003e \u003cp\u003e1.5 Basic Assumptions about Market Participants 5\u003c\/p\u003e \u003cp\u003e1.6 Opportunity Cost 6\u003c\/p\u003e \u003cp\u003e1.7 Production Possibility Frontier 9\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Supply and Demand 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Demand and Supply Curves 14\u003c\/p\u003e \u003cp\u003e2.2 Determination of Equilibrium Price and Quantity 21\u003c\/p\u003e \u003cp\u003e2.3 Adjustment to Changes in Demand or Supply 22\u003c\/p\u003e \u003cp\u003e2.4 Government Intervention in Markets: Price Controls 25\u003c\/p\u003e \u003cp\u003e2.5 Elasticities 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: The Theory of Consumer Choice 42\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Consumer Preferences 43\u003c\/p\u003e \u003cp\u003e3.2 The Budget Constraint 52\u003c\/p\u003e \u003cp\u003e3.3 The Consumer’s Choice 56\u003c\/p\u003e \u003cp\u003e3.4 Changes in Income and Consumption Choices 61\u003c\/p\u003e \u003cp\u003e3.5 Are People Selfish? 67\u003c\/p\u003e \u003cp\u003e3.6 The Utility Approach to Consumer Choice 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Individual and Market Demand 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Price Changes and Consumption Choices 76\u003c\/p\u003e \u003cp\u003e4.2 Income and Substitution Effects of a Price Change 80\u003c\/p\u003e \u003cp\u003e4.3 Income and Substitution Effects: Inferior Goods 85\u003c\/p\u003e \u003cp\u003e4.4 From Individual to Market Demand 88\u003c\/p\u003e \u003cp\u003e4.5 Consumer Surplus 89\u003c\/p\u003e \u003cp\u003e4.6 Price Elasticity and the Price–Consumption Curve 95\u003c\/p\u003e \u003cp\u003e4.7 Network Effects 97\u003c\/p\u003e \u003cp\u003e4.8 The Basics of Demand Curve Estimation 100\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Using Consumer Choice Theory 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Excise Subsidies, Health Care, and Consumer Welfare 108\u003c\/p\u003e \u003cp\u003e5.2 Subsidizing Health Insurance: ObamaCare 112\u003c\/p\u003e \u003cp\u003e5.3 Public Schools and the Voucher Proposal 116\u003c\/p\u003e \u003cp\u003e5.4 Paying for Garbage 121\u003c\/p\u003e \u003cp\u003e5.5 The Consumer’s Choice to Save or Borrow 124\u003c\/p\u003e \u003cp\u003e5.6 Investor Choice 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Exchange, Efficiency, and Prices 140\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Two-Person Exchange 141\u003c\/p\u003e \u003cp\u003e6.2 Efficiency in the Distribution of Goods 147\u003c\/p\u003e \u003cp\u003e6.3 Competitive Equilibrium and Efficient Distribution 151\u003c\/p\u003e \u003cp\u003e6.4 Price and Nonprice Rationing and Efficiency 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Production 160\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Relating Output to Inputs 161\u003c\/p\u003e \u003cp\u003e7.2 Production When Only One Input is Variable: The Short Run 161\u003c\/p\u003e \u003cp\u003e7.3 Production When All Inputs are Variable: The Long Run 167\u003c\/p\u003e \u003cp\u003e7.4 Returns to Scale 173\u003c\/p\u003e \u003cp\u003e7.5 Functional Forms and Empirical Estimation of Production Functions 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Cost of Production 182\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 The Nature of Cost 183\u003c\/p\u003e \u003cp\u003e8.2 Short-Run Cost of Production 183\u003c\/p\u003e \u003cp\u003e8.3 Short-Run Cost Curves 186\u003c\/p\u003e \u003cp\u003e8.4 Long-Run Cost of Production 192\u003c\/p\u003e \u003cp\u003e8.5 Input Price Changes and Cost Curves 197\u003c\/p\u003e \u003cp\u003e8.6 Long-Run Cost Curves 199\u003c\/p\u003e \u003cp\u003e8.7 Learning by Doing 202\u003c\/p\u003e \u003cp\u003e8.8 Importance of Cost Curves to Market Structure 204\u003c\/p\u003e \u003cp\u003e8.9 Using Cost Curves: Controlling Pollution 206\u003c\/p\u003e \u003cp\u003e8.10 Economies of Scope 208\u003c\/p\u003e \u003cp\u003e8.11 Estimating Cost Functions 209\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Profit Maximization in Perfectly Competitive Markets 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 The Assumptions of Perfect Competition .214\u003c\/p\u003e \u003cp\u003e9.2 Profit Maximization 215\u003c\/p\u003e \u003cp\u003e9.3 The Demand Curve for a Competitive Firm 217\u003c\/p\u003e \u003cp\u003e9.4 Short-Run Profit Maximization 218\u003c\/p\u003e \u003cp\u003e9.5 The Perfectly Competitive Firm’s Short-Run Supply Curve 223\u003c\/p\u003e \u003cp\u003e9.6 The Short-Run Industry Supply Curve 226\u003c\/p\u003e \u003cp\u003e9.7 Long-Run Competitive Equilibrium 227\u003c\/p\u003e \u003cp\u003e9.8 The Long-Run Industry Supply Curve 231\u003c\/p\u003e \u003cp\u003e9.9 When Does the Competitive Model Apply? 239\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Using the Competitive Model 244\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 The Evaluation of Gains and Losses 244\u003c\/p\u003e \u003cp\u003e10.2 Excise Taxation 250\u003c\/p\u003e \u003cp\u003e10.3 Airline Regulation and Deregulation 258\u003c\/p\u003e \u003cp\u003e10.4 City Taxicab Markets 263\u003c\/p\u003e \u003cp\u003e10.5 Consumer and Producer Surplus, and the Net Gains from Trade 267\u003c\/p\u003e \u003cp\u003e10.6 Government Intervention in Markets: Quantity Controls 271\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Monopoly 279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 The Monopolist’s Demand and Marginal Revenue Curves 280\u003c\/p\u003e \u003cp\u003e11.2 Profit-Maximizing Output of a Monopoly 282\u003c\/p\u003e \u003cp\u003e11.3 Further Implications of Monopoly Analysis 287\u003c\/p\u003e \u003cp\u003e11.4 The Measurement and Sources of Monopoly Power 290\u003c\/p\u003e \u003cp\u003e11.5 The Efficiency Effects of Monopoly 297\u003c\/p\u003e \u003cp\u003e11.6 Public Policy toward Monopoly 300\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Product Pricing with Monopoly Power 308\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Price Discrimination 309\u003c\/p\u003e \u003cp\u003e12.2 Three Necessary Conditions for Price Discrimination 313\u003c\/p\u003e \u003cp\u003e12.3 Price and Output Determination with Price Discrimination 315\u003c\/p\u003e \u003cp\u003e12.4 Intertemporal Price Discrimination and Peak-Load Pricing 318\u003c\/p\u003e \u003cp\u003e12.5 Two-Part Tariffs 324\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Monopolistic Competition and Oligopoly 332\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Price and Output under Monopolistic Competition 333\u003c\/p\u003e \u003cp\u003e13.2 Oligopoly and the Cournot Model 338\u003c\/p\u003e \u003cp\u003e13.3 Other Oligopoly Models 342\u003c\/p\u003e \u003cp\u003e13.4 Cartels and Collusion 347\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Game Theory and the\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEconomics of Information 360\u003c\/p\u003e \u003cp\u003e14.1 Game Theory 361\u003c\/p\u003e \u003cp\u003e14.2 The Prisoner’s Dilemma Game 364\u003c\/p\u003e \u003cp\u003e14.3 Repeated Games 369\u003c\/p\u003e \u003cp\u003e14.4 Asymmetric Information 373\u003c\/p\u003e \u003cp\u003e14.5 Adverse Selection and Moral Hazard 377\u003c\/p\u003e \u003cp\u003e14.6 Limited Price Information 381\u003c\/p\u003e \u003cp\u003e14.7 Advertising 383\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Using Noncompetitive Market Models 389\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 The Size of the Deadweight Loss of Monopoly 389\u003c\/p\u003e \u003cp\u003e15.2 Do Monopolies Suppress Inventions? 393\u003c\/p\u003e \u003cp\u003e15.3 Natural Monopoly 396\u003c\/p\u003e \u003cp\u003e15.4 More on Game Theory: Iterated Dominance and Commitment 400\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Employment and Pricing of Inputs 406\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 The Input Demand Curve of a Competitive Firm 407\u003c\/p\u003e \u003cp\u003e16.2 Industry and Market Demand Curves for an Input 412\u003c\/p\u003e \u003cp\u003e16.3 The Supply of Inputs 415\u003c\/p\u003e \u003cp\u003e16.4 Industry Determination of Price and Employment of Inputs 417\u003c\/p\u003e \u003cp\u003e16.5 Input Price Determination in a Multi-Industry Market 420\u003c\/p\u003e \u003cp\u003e16.6 Input Demand and Employment by an Output Market Monopoly 422\u003c\/p\u003e \u003cp\u003e16.7 Monopsony in Input Markets 424\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Wages, Rent, Interest, and Profit 429\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 The Income–Leisure Choice of the Worker 429\u003c\/p\u003e \u003cp\u003e17.2 The Supply of Hours of Work 432\u003c\/p\u003e \u003cp\u003e17.3 The General Level of Wage Rates 437\u003c\/p\u003e \u003cp\u003e17.4 Why Wages Differ 439\u003c\/p\u003e \u003cp\u003e17.5 Economic Rent 443\u003c\/p\u003e \u003cp\u003e17.6 Monopoly Power in Input Markets: The Case of Unions 445\u003c\/p\u003e \u003cp\u003e17.7 Borrowing, Lending, and the Interest Rate 448\u003c\/p\u003e \u003cp\u003e17.8 Investment and the Marginal Productivity of Capital 449\u003c\/p\u003e \u003cp\u003e17.9 Saving, Investment, and the Interest Rate 452\u003c\/p\u003e \u003cp\u003e17.10 Why Interest Rates Differ 454\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Using Input Market Analysis 457\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 The Minimum Wage 458\u003c\/p\u003e \u003cp\u003e18.2 Who Really Pays for Social Security? 464\u003c\/p\u003e \u003cp\u003e18.3 The Hidden Cost of Social Security 467\u003c\/p\u003e \u003cp\u003e18.4 The NCAA Cartel 470\u003c\/p\u003e \u003cp\u003e18.5 Discrimination in Employment 476\u003c\/p\u003e \u003cp\u003e18.6 The Benefits and Costs of Immigration 480\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: General Equilibrium Analysis and Economic Efficiency 486\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Partial and General Equilibrium Analysis Compared 487\u003c\/p\u003e \u003cp\u003e19.2 Economic Efficiency 490\u003c\/p\u003e \u003cp\u003e19.3 Conditions for Economic Efficiency 492\u003c\/p\u003e \u003cp\u003e19.4 Efficiency in Production 492\u003c\/p\u003e \u003cp\u003e19.5 The Production Possibility Frontier and Efficiency in Output 496\u003c\/p\u003e \u003cp\u003e19.6 Competitive Markets and Economic Efficiency 501\u003c\/p\u003e \u003cp\u003e19.7 The Causes of Economic Inefficiency 504\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Public Goods and Externalities 509\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 What are Public Goods? 510\u003c\/p\u003e \u003cp\u003e20.2 Efficiency in the Provision of a Public Good 512\u003c\/p\u003e \u003cp\u003e20.3 Externalities 516\u003c\/p\u003e \u003cp\u003e20.4 Externalities and Property Rights 522\u003c\/p\u003e \u003cp\u003e20.5 Controlling Pollution, Revisited 524\u003c\/p\u003e \u003cp\u003eThe Market for Los Angeles Smog 527\u003c\/p\u003e \u003cp\u003eAnswers to Selected Problems 532\u003c\/p\u003e \u003cp\u003eGlossary G-1\u003c\/p\u003e \u003cp\u003eIndex 1 \u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49528853397847,"sku":"9781119368922","price":118.8,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119368922.jpg?v=1731873282","url":"https:\/\/bookcurl.com\/products\/microeconomics-9781119368922","provider":"Book Curl","version":"1.0","type":"link"}