Microeconomics: Theory and Applications, EMEA Edition

Höfundar: Edgar K. Browning; Mark A. Zupan (Útgáfa: 13)
Microeconomics: Theory and Applications, EMEA Edition

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Microeconomics: Theory & Applications, 13th Edition teaches students how fundamental tools of analysis are used explain and predict market phenomena. Designed for both economics and business students, this thorough yet accessible textbook describes basic microeconomic principles using various applications to clarify complicated economic concepts and provides an essential foundation of microeconomics knowledge.

Clear and engaging chapters discuss cutting-edge models and explore numerous real-world examples of microeconomic theory in action. Comprehensive and topically relevant, this textbook offers greater coverage of input market analysis and applications than other texts on the subject. In-depth applications, such as consumer choice theory and noncompetitive market models, complement over 100 shorter applications that reinforce the graphical and logical techniques developed in the theory chapters.

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Útgefandi
Wiley Global Education UK
ISBN
9781119671510
Print ISBN
9781119668749
Format
ePub
Útgáfa
13
Höfundar
Edgar K. Browning; Mark A. Zupan
Tungumál
English
Útgefið
01/2020
Prent takmörkun á líftíma
100
Prent takmörkun
10
Afritunar takmörkun
2

Kaflar

  • Preface
  • Pedagogical Aids
  • Teaching and Learning Resources
  • Acknowledgments
  • Applications
  • CHAPTER 1: An Introduction to Microeconomics
  • 1.1 The Scope of Microeconomic Theory
  • 1.2 The Nature and Role of Theory
  • 1.3 Positive versus Normative Analysis
  • 1.4 Market Analysis and Real versus Nominal Prices
  • 1.5 Basic Assumptions about Market Participants
  • 1.6 Opportunity Cost
  • 1.7 Production Possibility Frontier
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • CHAPTER 2: Supply and Demand
  • 2.1 Demand and Supply Curves
  • 2.2 Determination of Equilibrium Price and Quantity
  • 2.3 Adjustment to Changes in Demand or Supply
  • 2.4 Government Intervention in Markets: Price Controls
  • 2.5 Elasticities
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 3: The Theory of Consumer Choice
  • 3.1 Consumer Preferences
  • 3.2 The Budget Constraint
  • 3.3 The Consumer’s Choice
  • 3.4 Changes in Income and Consumption Choices
  • 3.5 Are People Selfish?
  • 3.6 The Utility Approach to Consumer Choice
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 4: Individual and Market Demand
  • 4.1 Price Changes and Consumption Choices
  • 4.2 Income and Substitution Effects of a Price Change
  • 4.3 Income and Substitution Effects: Inferior Goods
  • 4.4 From Individual to Market Demand
  • 4.5 Consumer Surplus
  • 4.6 Price Elasticity and the Price–Consumption Curve
  • 4.7 Network Effects
  • 4.8 The Basics of Demand Curve Estimation
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 5: Using Consumer Choice Theory
  • 5.1 Excise Subsidies, Health Care, and Consumer Welfare
  • 5.2 Subsidizing Health Insurance: ObamaCare
  • 5.3 Public Schools and the Voucher Proposal
  • 5.4 Paying for Garbage
  • 5.5 The Consumer's Choice to Save or Borrow
  • 5.6 Investor Choice
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 6: Exchange, Efficiency, and Prices
  • 6.1 Two‐Person Exchange
  • 6.2 Efficiency in the Distribution of Goods
  • 6.3 Competitive Equilibrium and Efficient Distribution
  • 6.4 Price and Nonprice Rationing and Efficiency
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 7: Production
  • 7.1 Relating Output to Inputs
  • 7.2 Production When Only One Input Is Variable: The Short Run
  • 7.3 Production When All Inputs Are Variable: The Long Run
  • 7.4 Returns to Scale
  • 7.5 Functional Forms and Empirical Estimation of Production Functions
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 8: The Cost of Production
  • 8.1 The Nature of Cost
  • 8.2 Short‐Run Cost of Production
  • 8.3 Short‐Run Cost Curves
  • 8.4 Long‐Run Cost of Production
  • 8.5 Input Price Changes and Cost Curves
  • 8.6 Long‐Run Cost Curves
  • 8.7 Learning by Doing
  • 8.8 Importance of Cost Curves to Market Structure
  • 8.9 Using Cost Curves: Controlling Pollution
  • 8.10 Economies of Scope
  • 8.11 Estimating Cost Functions
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 9: Profit Maximization in Perfectly Competitive Markets
  • 9.1 The Assumptions of Perfect Competition
  • 9.2 Profit Maximization
  • 9.3 The Demand Curve for a Competitive Firm
  • 9.4 Short‐Run Profit Maximization
  • 9.5 The Perfectly Competitive Firm's Short‐Run Supply Curve
  • 9.6 The Short‐Run Industry Supply Curve
  • 9.7 Long‐Run Competitive Equilibrium
  • 9.8 The Long‐Run Industry Supply Curve
  • 9.9 When Does the Competitive Model Apply?
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTE
  • CHAPTER 10: Using the Competitive Model
  • 10.1 The Evaluation of Gains and Losses
  • 10.2 Excise Taxation
  • 10.3 Airline Regulation and Deregulation
  • 10.4 City Taxicab Markets
  • 10.5 Consumer and Producer Surplus, and the Net Gains from Trade
  • 10.6 Government Intervention in Markets: Quantity Controls
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 11: Monopoly
  • 11.1 The Monopolist's Demand and Marginal Revenue Curves
  • 11.2 Profit‐Maximizing Output of a Monopoly
  • 11.3 Further Implications of Monopoly Analysis
  • 11.4 The Measurement and Sources of Monopoly Power
  • 11.5 The Efficiency Effects of Monopoly
  • 11.6 Public Policy toward Monopoly
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 12: Product Pricing with Monopoly Power
  • 12.1 Price Discrimination
  • 12.2 Three Necessary Conditions for Price Discrimination
  • 12.3 Price and Output Determination with Price Discrimination
  • 12.4 Intertemporal Price Discrimination and Peak‐Load Pricing
  • 12.5 Two‐Part Tariffs
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 13: Monopolistic Competition and Oligopoly
  • 13.1 Price and Output under Monopolistic Competition
  • 13.2 Oligopoly and the Cournot Model
  • 13.3 Other Oligopoly Models
  • 13.4 Cartels and Collusion
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 14: Game Theory and the Economics of Information
  • 14.1 Game Theory
  • 14.2 The Prisoner's Dilemma Game
  • 14.3 Repeated Games
  • 14.4 Asymmetric Information
  • 14.5 Adverse Selection and Moral Hazard
  • 14.6 Limited Price Information
  • 14.7 Advertising
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 15: Using Noncompetitive Market Models
  • 15.1 The Size of the Deadweight Loss of Monopoly
  • 15.2 Do Monopolies Suppress Inventions?
  • 15.3 Natural Monopoly
  • 15.4 More on Game Theory: Iterated Dominance and Commitment
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 16: Employment and Pricing of Inputs
  • 16.1 The Input Demand Curve of a Competitive Firm
  • 16.2 Industry and Market Demand Curves for an Input
  • 16.3 The Supply of Inputs
  • 16.4 Industry Determination of Price and Employment of Inputs
  • 16.5 Input Price Determination in a Multi‐Industry Market
  • 16.6 Input Demand and Employment by an Output Market Monopoly
  • 16.7 Monopsony in Input Markets
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 17: Wages, Rent, Interest, and Profit
  • 17.1 The Income–Leisure Choice of the Worker
  • 17.2 The Supply of Hours of Work
  • 17.3 The General Level of Wage Rates
  • 17.4 Why Wages Differ
  • 17.5 Economic Rent
  • 17.6 Monopoly Power in Input Markets: The Case of Unions
  • 17.7 Borrowing, Lending, and the Interest Rate
  • 17.8 Investment and the Marginal Productivity of Capital
  • 17.9 Saving, Investment, and the Interest Rate
  • 17.10 Why Interest Rates Differ
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 18: Using Input Market Analysis
  • 18.1 The Minimum Wage
  • 18.2 Who Really Pays for Social Security?
  • 18.3 The Hidden Cost of Social Security
  • 18.4 The NCAA Cartel
  • 18.5 Discrimination in Employment
  • 18.6 The Benefits and Costs of Immigration
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 19: General Equilibrium Analysis and Economic Efficiency
  • 19.1 Partial and General Equilibrium Analysis Compared
  • 19.2 Economic Efficiency
  • 19.3 Conditions for Economic Efficiency
  • 19.4 Efficiency in Production
  • 19.5 The Production Possibility Frontier and Efficiency in Output
  • 19.6 Competitive Markets and Economic Efficiency
  • 19.7 The Causes of Economic Inefficiency
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • CHAPTER 20: Public Goods and Externalities
  • 20.1 What Are Public Goods?
  • 20.2 Efficiency in the Provision of a Public Good
  • 20.3 Externalities
  • 20.4 Externalities and Property Rights
  • 20.5 Controlling Pollution, Revisited
  • SUMMARY
  • REVIEW QUESTIONS AND PROBLEMS
  • NOTES
  • Answers to Selected Problems
  • Glossary
  • Index
  • End User License Agreement