Microeconomics Made Simple
Basic Microeconomic Principles Explained in 100 Pages or Less
(Kindle Edition)

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Find all of the following topics, explained in plain-English:

What is Economics? | Not a Perfect Model | Microeconomics vs. Macroeconomics

1. Maximizing Utility

Decreasing Marginal Utility | Opportunity Costs

2. Evaluating Production Possibilities
Production Possibilities Frontiers | Absolute and Comparative Advantage

3. Demand
Determinants of Demand | Elasticity of Demand | Change in Demand vs. Change in Quantity Demanded

4. Supply
Determinants of Supply | Elasticity of Supply | Change in Supply vs. Change in Quantity Supplied

5. Market Equilibrium
How Market Equilibrium is Reached | The Effect of Changes in Supply and Demand

6. Government Intervention
Price Ceilings and Price Floors | Taxes and Subsidies

7. Costs of Production
Marginal Cost of Production | Fixed vs. Variable Costs | Short Run vs. Long Run | Sunk Costs | Economic Costs vs. Accounting Costs

8. Perfect Competition
Firms Are Price Takers | Making Decisions at the Margin | Consumer and Producer Surplus

9. Monopoly
Market Power | Deadweight Loss with a Monopoly | Monopolies and Government

10. Oligopoly
Collusion | Cheating the Cartel | Government Intervention in Oligopolies

11. Monopolistic Competition
Competing via Product Differentiation | Loss of Surplus with Monopolistic Competition

Conclusion: The Insights and Limitations of Economics

AuthorAustin Frakt
BindingKindle Edition
FormatKindle eBook
Language TypePublished
Number Of Pages136
Product GroupeBooks
Publication Date2014-05-18
PublisherSimple Subjects, LLC
Release Date2014-05-18
StudioSimple Subjects, LLC
Sales Rank39757

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