Introduction_to_Economic_Analysis
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Chapter 1
What Is Economics?
1.1 Normative and Positive Theories
LEARNING OBJECTIVES
KEY TAKEAWAYS
1.2 Opportunity Cost
LEARNING OBJECTIVES
KEY TAKEAWAYS
1.3 Economic Reasoning and Analysis
LEARNING OBJECTIVES
KEY TAKEAWAYS
Chapter 2
Supply and Demand
2.1 Demand and Consumer Surplus
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
2.2 Supply and Profit
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
2.3 Market Demand and Supply
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
2.4 Equilibrium
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
2.5 Changes in Demand and Supply
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
Chapter 3
Quantification
3.1 Elasticity
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
3.2 Supply and Demand Changes
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
Chapter 4The U.S. Economy
4.1 Basic Demographics
LEARNING OBJECTIVE
KEY TAKEAWAYS
4.2 Education
LEARNING OBJECTIVE
KEY TAKEAWAYS
4.3 Households and Consumption
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
4.4 Production
LEARNING OBJECTIVE
KEY TAKEAWAYS
4.5 Government
LEARNING OBJECTIVE
KEY TAKEAWAYS
4.6 Trade
LEARNING OBJECTIVE
KEY TAKEAWAYS
4.7 Fluctuations
LEARNING OBJECTIVE
KEY TAKEAWAYS
Chapter 5
Government Interventions
5.1 Effects of Taxes
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
5.2 Incidence of Taxes
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
5.3 Excess Burden of Taxation
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
5.4 Price Floors and Ceilings
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
5.5 The Politics of Price Controls
LEARNING OBJECTIVE
KEY TAKEAWAYS
5.6 Price Supports
LEARNING OBJECTIVE
KEY TAKEAWAYS
5.7 Quantity Restrictions and Quotas
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
Chapter 6
Trade
6.1 Production Possibilities Frontier
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
6.2 Comparative and Absolute Advantage
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
6.3 Factors of Production
LEARNING OBJECTIVE
KEY TAKEAWAYS
6.4 International Trade
LEARNING OBJECTIVE
KEY TAKEAWAYS
Chapter 7
Externalities
7.1 External Effects
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
7.2 Pigouvian Taxes
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
7.3 Quotas
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
7.4 Tradable Permits and Auctions
LEARNING OBJECTIVE
KEY TAKEAWAYS
7.5 Coasian Bargaining
LEARNING OBJECTIVE
KEY TAKEAWAYS
7.6 Fishing and Extinction
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISE
Chapter 8
Public Goods
8.1 Free Riders
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
8.2 Provision With Taxation
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
8.3 Local Public Goods
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
Chapter 9
Producer Theory: Costs
9.1 Types of Firms
LEARNING OBJECTIVE
KEY TAKEAWAYS
9.2 Production Functions
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISE
9.3 Profit Maximization
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
9.4 The Shadow Value
LEARNING OBJECTIVE
KEY TAKEAWAYS
9.5 Input Demand
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISE
9.6 Myriad Costs
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
Chapter 10
Producer Theory: Dynamics
10.1 Reactions of Competitive Firms
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
10.2 Economies of Scale and Scope
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
10.3 Dynamics With Constant Costs
LEARNING OBJECTIVE
KEY TAKEAWAYS
10.4 General Long-run Dynamics
LEARNING OBJECTIVE
KEY TAKEAWAY
EXERCISES
Chapter 11
Investment
11.1 Present Value
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
11.2 Investment
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
11.3 Investment Under Uncertainty
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISE
11.4 Resource Extraction
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
11.5 A Time to Harvest
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
11.6 Collectibles
LEARNING OBJECTIVES
KEY TAKEAWAYS
11.7 Summer Wheat
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
Chapter 12
Consumer Theory
12.1 Utility Maximization
LEARNING OBJECTIVE
KEY TAKEAWAYS
12.2 Budget or Feasible Set
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
12.3 Isoquants
LEARNING OBJECTIVES
KEY TAKEAWAYS
12.4 Examples
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
12.5 Substitution Effects
LEARNING OBJECTIVE
KEY TAKEAWAYS
12.6 Income Effects
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
12.7 Mathematical Cleanup
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISE
Chapter 13
Applied Consumer Theory
13.1 Labor Supply
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
13.2 Urban Real Estate Prices
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
13.3 Dynamic Choice
LEARNING OBJECTIVE
KEY TAKEAWAYS
13.4 Risk Aversion
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
13.5 Search
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
Chapter 14
General Equilibrium
14.1 Edgeworth Box
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISES
14.2 Equilibrium With Price System
LEARNING OBJECTIVES
KEY TAKEAWAYS
14.3 General Equilibrium
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISE
Chapter 15
Monopoly
15.1 Sources of Monopoly
LEARNING OBJECTIVE
KEY TAKEAWAYS
15.2 Basic Analysis
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
15.3 Effect of Taxes
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
15.4 Price Discrimination
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISE
15.5 Welfare Effects
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
15.6 Natural Monopoly
LEARNING OBJECTIVES
KEY TAKEAWAYS
15.7 Peak-load Pricing
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
Chapter 16
Games and Strategic Behavior
16.1 Matrix Games
LEARNING OBJECTIVES
KEY TAKEAWAYS
16.2 Nash Equilibrium
LEARNING OBJECTIVE
KEY TAKEAWAYS
16.3 Mixed Strategies
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
16.4 Examples
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
16.5 Subgame Perfection
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
16.6 Supergames
LEARNING OBJECTIVES
KEY TAKEAWAYS
EXERCISE
Chapter 17
Imperfect Competition
17.1 Cournot Oligopoly
LEARNING OBJECTIVES
KEY TAKEAWAYS
17.2 Cournot Industry Performance
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISES
17.3 Hotelling Differentiation
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
17.4 The Circle Model
LEARNING OBJECTIVE
KEY TAKEAWAYS
Chapter 18
Information
18.1 Market for Lemons
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
18.2 Myerson-Satterthwaite Theorem
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
18.3 Signaling
LEARNING OBJECTIVES
KEY TAKEAWAYS
18.4 Search and Price Dispersion
LEARNING OBJECTIVES
KEY TAKEAWAYS
Chapter 19Agency Theory
19.1 Principals and Agents
LEARNING OBJECTIVES
KEY TAKEAWAYS
19.2 Cost of Providing Incentives
LEARNING OBJECTIVE
KEY TAKEAWAYS
EXERCISE
19.3 Multi-tasking
LEARNING OBJECTIVE
KEY TAKEAWAYS
19.4 Multi-tasking without Homogeneity
LEARNING OBJECTIVE
KEY TAKEAWAY
Chapter 20
Auctions
20.1 English Auction
LEARNING OBJECTIVES
KEY TAKEAWAYS
20.2 Sealed-bid Auction
LEARNING OBJECTIVE
KEY TAKEAWAYS
20.3 Dutch Auction
LEARNING OBJECTIVES
KEY TAKEAWAYS
20.4 Vickrey Auction
LEARNING OBJECTIVE
KEY TAKEAWAYS
20.5 The Winner’s Curse and Linkage
LEARNING OBJECTIVE
KEY TAKEAWAYS
20.6 Auction Design
LEARNING OBJECTIVES
KEY TAKEAWAYS
Chapter 21Antitrust
Sherman Act
LEARNING OBJECTIVES
KEY TAKEAWAYS
21.1 Clayton Act
LEARNING OBJECTIVES
KEY TAKEAWAYS
21.2 Price Fixing
LEARNING OBJECTIVE
KEY TAKEAWAYS
21.3 Mergers
LEARNING OBJECTIVE
KEY TAKEAWAYS
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