Mere Microeconomics
Edition: 5
Copyright: 2023
Pages: 400
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Mere Microeconomics takes an up close look at the choices of individual economic actors – a buyer of gasoline, a refiner of crude oil, and an explorer of crude oil reserves – as well as the collective choices such actors make in specific market or command settings.
Mere Microeconomics helps learn the meaning of terms, such as scarcity, cost, revenue and profit, understand the concepts concealed within, and then apply those concepts to the world.
Words Matter
About the Author
Work the Plan
Unit One
Topic One: Introduction to the Science of Economics
Topic Two: The Case for Free Trade
Topic Three: An Introduction to Buyer Behavior
Topic Four: The Demand Side of the Market
Topic Five: Price Elasticity of Demand
Topic Six: The Supply Side of the Market
Topic Seven: The Market Mechanism
Unit Two
Topic One: The market Model and Scarcity
Topic Two: Market Distortion and Failure
Topic Three: Cost Behavior
Topic Four: The Case of Pure Competition
Topic Five: The Case of Monopoly
Unit Three
Topic One: The Case of Monopolistic Competition
Topic Two: The Case of Oligopoly
Topic Three: Competitive Labor Markets
Topic Four: Monopolistic Labor Markets
Topic Five: The Capital Market
Final Review
Glossary of Key Terms
Index