CurtisIrvine-Microeconomics-2017A
Free

CurtisIrvine-Microeconomics-2017A

By Unknown
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Book Description
Table of Contents
  • Table of Contents
  • Part One: The Building Blocks
    • Introduction to key ideas
      • What's it all about?
      • Understanding through the use of models
      • Opportunity cost and the market
      • A model of exchange and specialization
      • Economy-wide production possibilities
      • Aggregate output, growth and business cycles
      • Key terms
      • End of chapter exercises
    • Theories, models and data
      • Observations, theories and models
      • Variables, data and index numbers
      • Testing economic models & analysis
      • Diagrams and economic analysis
      • Ethics, efficiency and beliefs
      • Key terms
      • End of chapter exercises
    • The classical marketplace – demand and supply
      • Trading
      • The market's building blocks
      • Demand and supply curves
      • Other influences on demand
      • Other influences on supply
      • Simultaneous supply and demand impacts
      • Market interventions
      • Individual and market functions
      • Key terms
      • End of chapter exercises
  • Part Two: Responsiveness and the Value of Markets
    • Measures of response: elasticities
      • Price responsiveness of demand
      • Price elasticity and expenditure
      • The time horizon and inflation
      • Cross-price elasticities
      • The income elasticity of demand
      • Elasticity of supply
      • Elasticities and tax incidence
      • Identifying demand and supply elasticities
      • Key terms
      • End of chapter exercises
    • Welfare economics and externalities
      • Equity and efficiency
      • Consumer and producer surplus
      • Efficient market outcomes
      • Taxation, surplus and efficiency
      • Market failures – externalities
      • Other market failures
      • Environmental policy and climate change
      • Equity, justice, and efficiency
      • Key terms
      • End of chapter exercises
  • Part Three: Decision Making by Consumer and Producers
    • Individual choice
      • Rationality
      • Choice with measurable utility
      • Choice with ordinal utility
      • Applications of indifference analysis
      • Key terms
      • End of chapter exercises
    • Firms, investors and capital markets
      • Business organization
      • Profit, ownership and corporate goals
      • Risk and the investor
      • Diminishing marginal utility and risk
      • Real returns to investment
      • Financing the risky firm: diversification
      • Key terms
      • End of chapter exercises
    • Production and cost
      • Efficient production
      • The time frame
      • Production in the short run
      • Costs in the short run
      • Fixed costs and sunk costs
      • Long run production and costs
      • Technological change and globalization
      • Clusters, learning by doing, scope economies
      • Key terms
      • End of chapter exercises
  • Part Four: Market Structures
    • Perfect competition
      • The perfect competition paradigm
      • Market characteristics
      • The firm's supply decision
      • Dynamics: entry and exit
      • Long run industry supply
      • Globalization and technological change
      • Efficient resource allocation
      • Key terms
      • End of chapter exercises
    • Monopoly
      • Monopolies
      • Profit maximizing behaviour
      • Long run choices
      • Output inefficiency
      • Price discrimination
      • Cartels: acting like a monopolist
      • Rent-seeking
      • Technology and innovation
      • Key terms
      • End of chapter exercises
    • Imperfect competition
      • Imperfect competitors
      • Performance-based measures of structure – market power
      • Monopolistic competition
      • Oligopoly and games
      • Duopoly and Cournot games
      • Comparing market structures
      • Entry, exit & potential competition
      • Key terms
      • End of chapter exercises
  • Part Five: The Factors of Production
    • Labour and capital
      • Labour – a derived demand
      • Firm versus industry demand
      • The supply side of the market
      • Labour-market equilibrium and mobility
      • The market for capital
      • Capital services
      • Land
      • Key terms
      • End of chapter exercises
    • Human capital and the income distribution
      • Human capital
      • Productivity and education
      • On-the-job training
      • Education as signalling
      • Education returns and quality
      • Discrimination
      • The income distribution
      • Wealth and capitalism
      • Key terms
      • End of chapter exercises
  • Part Six: Government and Trade
    • Government
      • Market failure
      • Fiscal federalism: taxing and spending
      • Federal-provincial fiscal relations
      • Government-to-individual transfers
      • Regulation and competition policy
      • Key terms
      • End of chapter exercises
    • International trade
      • Trade in our daily lives
      • Canada in the world economy
      • Comparative advantage: the gains from trade
      • Returns to scale
      • Trade barriers: tariffs, subsidies and quotas
      • The politics of protection
      • Institutions governing trade
      • Key terms
      • End of chapter exercises
  • Glossary
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