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Author: Austin Frakt
Publisher:
ISBN: 9780981454290
Category : Business & Economics
Languages : en
Pages : 134
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Book Description
Find all of the following topics, explained in plain-English: Introduction: 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
Author: Austin Frakt
Publisher:
ISBN: 9780981454290
Category : Business & Economics
Languages : en
Pages : 134
Get Book Here
Book Description
Find all of the following topics, explained in plain-English: Introduction: 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
Author: Lynne Pepall
Publisher: John Wiley & Sons
ISBN: 1119184401
Category : Business & Economics
Languages : en
Pages : 353
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Book Description
Your no-nonsense guide to microeconomics The study of microeconomics isn't for the faint of heart. Fortunately, Microeconomics For Dummies is here to help make this tough topic accessible to the masses. If you're a business or finance major looking to supplement your college-level microeconomics coursework—or a professional who wants to expand your general economics knowledge into the microeconomics area—this friendly and authoritative guide will take your comprehension of the subject from micro to macro in no time! Cutting through confusing jargon and complemented with tons of step-by-step instructions and explanations, it helps you discover how real individuals and businesses use microeconomics to analyze trends from the bottom up in order to make smart decisions. Snagging a job as an economist is fiercely competitive—and highly lucrative. Having microeconomics under your belt as you work toward completing your degree will put you head and shoulders above the competition and set you on the course for career advancement once you land a job. So what are you waiting for? Analyze small-scale market mechanisms Determine the elasticity of products within the market systems Decide upon an efficient way to allocate goods and services Score higher in your microeconomics class Everything you need to make microeconomics your minion is a page away!
Author: Everest Media,
Publisher: Everest Media LLC
ISBN: 1669394379
Category : Business & Economics
Languages : en
Pages : 15
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Book Description
Please note: This is a companion version & not the original book. Sample Book Insights: #1 Marginal utility is the additional utility gained from consuming an additional unit of a particular good. It is the reason people do not spend all of their money on a single good: consumption of most goods comes with decreasing marginal utility. #2 The opportunity cost of a choice is the value of the best alternative that you must forgo in order to make that choice. The opportunity cost of going to a movie is the forgone utility from the next most enjoyable activity you could have done. #3 In economics, the factors of production are the inputs used to create finished goods. They are land, labor, and capital. The ideal situation is to use all resources to their fullest capacity, or use the fewest possible resources for any given level of output. #4 A production possibilities frontier illustrates the various choices that an economic entity can make when choosing what to produce, given the constraints imposed by its limited factors of production.
Author: Avinash Dixit
Publisher: Oxford University Press
ISBN: 0199689377
Category : Business & Economics
Languages : en
Pages : 153
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Book Description
The issues of microeconomics - including individuals' financial choices and firms' decisions about hiring and firing - have a large impact on the economic world, arguably as much, if not more than, macroeconomics. In this Very Short Introduction Avinash Dixit clearly explains what microeconomics is by using examples from around the world.
Author: Mike Piper
Publisher:
ISBN: 9781950967025
Category :
Languages : en
Pages : 128
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Book Description
Find all of the following, explained in plain-English: What is corporate finance? What's the difference between finance and accounting? Methods for raising capital (borrowing, selling equity) Dividend policy Capital structure, weighted-average cost of capital Forecasting cash flows Time value of money (future value, present value, discount rate) Net present value (NPV), internal rate of return (IRR), and other capital budgeting methods Bond valuation Stock valuation Market efficiency
Author: Editors Of Wellfleet Press
Publisher: Wellfleet
ISBN: 1577152352
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
Confidently develop and apply economic reasoning to everyday situations with the illustrated step-by-step instruction of Everyday Economics Made Easy.
Author: Steven A. Greenlaw
Publisher:
ISBN: 9781947172432
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Principles of Macroeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is listed on the College Board's AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.
Author: Craig Depken
Publisher: McGraw Hill Professional
ISBN: 0071486747
Category : Business & Economics
Languages : en
Pages : 338
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Book Description
There’s no easier, faster, or more practical way to learn the really tough subjects Microeconomics Demystified features a clear and easy-to-understand presentation of the concepts and principles of microeconomics, with generous applications and examples. This self-teaching guide comes complete with key points, background information, quizzes at the end of each chapter, and even a final exam. Simple enough for beginners but challenging enough for advanced students, this is a lively and entertaining brush-up, introductory text, or classroom supplement.
Author: Douglas Curtis
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages : 435
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Book Description
"Principles of Macroeconomics is an adaptation of the textbook, Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine, and presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course. Examples are domestic and international in their subject matter and are of the modern era — financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure, and concerns about slow growth and the risk of deflation, are included. This textbook is intended for a one-semester course, and can be used in a two-semester sequence with the companion textbook, Principles of Microeconomics. The three introductory chapters are common to both textbooks."--BCcampus website.
Author: David M. Kreps
Publisher: W W Norton & Company Incorporated
ISBN: 9780393976786
Category : Business & Economics
Languages : en
Pages : 652
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Book Description
Developed over a ten year period at the Stanford Business School, this textbook underscores the connections between microeconomics and business. Its full-length, integrated case studies reveal how economic models can yield answers to practical problems.
