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Schaum's Outline of Microeconomics, 4th edition

by: Salvatore, Dominick

Schaum's Outline of Microeconomics, 4th edition

by: Salvatore, Dominick

ISBN 13:
9780071462365
ISBN 10:
0071462368
Edition: 4th
Format: Paperback
Copyright: 05/01/2006
Publisher: McGraw-Hill
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Summary

Get the essentials of microeconomics all in one book! This revision has been updated to cover the three most important recent developments in microeconomics: game theory, oligopolistic behavior, and the economics of information. Schaum's Outline of Microeconomics gives you a thorough grounding in the theories, principles, and background information on each topic in this vital field.

Preface

Introduction

(13)

The Purpose of Theory

(1)

The Problem of Scarcity

(1)

The Function of Microeconomic Theory

(1)

Markets, Functions, and Equilibrium

(1)

Comparative Statics and Dynamics

(1)

Partial Equilibrium and General Equilibrium Analysis

(1)

Positive Economics and Normative Economics

(12)

Demand, Supply, and Equilibrium: An Overview

(25)

The Individual's Demand for a Commodity

(1)

The Law of Negatively Sloped Demand

(1)

Shifts in the Individual's Demand Curve

(1)

The Market Demand for a Commodity

(2)

The Single Producer's Supply of a Commodity

(1)

The Shape of the Supply Curve

(1)

Shifts in the Single Producer's Supply Curve

(1)

The Market Supply of a Commodity

(1)

Equilibrium

(1)

Types of Equilibria

(1)

Shifts in Demand and Supply, and Equilibrium

(20)

The Measurement of Elasticities

(23)

Price Elasticity of Demand

(1)

Arc and Point Elasticity

(1)

Point Elasticity and Total Expenditures

(1)

Income Elasticity of Demand

(1)

Cross Elasticity of Demand

(1)

Price Elasticity of Supply

(18)

Consumer Demand Theory

(40)

Total and Marginal Utility

(1)

Consumer Equilibrium

(1)

Indifference Curves: Definition

(1)

The Marginal Rate of Substitution

(1)

Characteristics of Indifference Curves

(1)

The Budget Constraint Line

(1)

Consumer Equilibrium

(1)

Exchange

(1)

The Income-Consumption Curve and the Engel Curve

(1)

The Price-Consumption Curve and the Consumer's Demand Curve

(1)

Separation of the Substitution and Income Effects

(32)

Advanced Topics in Consumer Demand Theory

102

(16)

The Substitution Effect According to Hicks and Slutsky

102

(1)

The Theory of Revealed Preference

103

(1)

Index Numbers and Changes in the Standard of Living

104

(1)

Utility Theory Under Uncertainty

105

(1)

A New Approach to Consumer Theory---the Demand for Characteristics

106

(1)

Empirical Demand Curves

107

(11)

Theory of Production

118

(28)

Production With One Variable Input: Total, Average, and Marginal Product

118

(1)

The Shapes of the Average and Marginal Product Curves

119

(1)

Stages of Production

120

(1)

Production With Two Variable Inputs: Isoquants

121

(1)

The Marginal Rate of Technical Substitution

122

(1)

Characteristics of Isoquants

122

(1)

Isocosts

123

(1)

Producer Equilibrium

124

(1)

Expansion Path

124

(1)

Factor Substitution

125

(1)

Constant, Increasing, and Decreasing Returns To Scale

125

(21)

Costs of Production

146

(33)

Short-Run Total Cost Curves

146

(1)

Short-Run Per-Unit Cost Curves

147

(1)

The Geometry of Short-Run Per-Unit Cost Curves

148

(1)

The Long-Run Average Cost Curve

149

(1)

The Shape of The Long-Run Average Cost Curve

150

(1)

The Long-Run Marginal Cost Curve

151

(1)

The Long-Run Total Cost Curve

152

(1)

The Cobb-Douglas Production Function

152

(1)

X-Inefficiency

152

(1)

Technological Progress

153

(26)

Midterm Examination

179

(168)

Price and Output Under Perfect Competition

184

(28)

Perfect Competition Defined

184

(1)

Price Determination in the Market Period

185

(1)

Short-Run Equilibrium of the Firm: Total Approach

185

(1)

Short-Run Equilibrium of the Firm: Marginal Approach

186

(2)

Short-Run Profit or Loss?

188

(1)

Short-Run Supply Curve

189

(1)

Long-Run Equilibrium of the Firm

189

(1)

Constant Cost Industries

190

(1)

Increasing Cost Industries

191

(1)

Decreasing Cost Industries

192

(20)

Price and Output Under Pure Monopoly

212

(26)

Pure Monopoly Defined

212

(1)

The MR Curve and Elasticity

213

(1)

Short-Run Equilibrium Under Pure Monopoly: Total Approach

213

(1)

Short-Run Equilibrium Under Pure Monopoly: Marginal Approach

214

(1)

Long-Run Equilibrium Under Pure Monopoly

215

(1)

Regulation of Monopoly: Price Control

216

(1)

Regulation of Monopoly: Lump-Sum Tax

216

(1)

Regulation of Monopoly: Per-Unit Tax

217

(1)

Price Discrimination

218

(20)

Price and Output Under Monopolistic Competition and Oligopoly

238

(24)

Monopolistic Competition Defined

238

(1)

Short-Run Equilibrium Under Monopolistic Competition

238

(1)

Long-Run Equilibrium Under Monopolistic Competition

239

(1)

Oligopoly Defined

239

(1)

The Cournot Model

240

(1)

The Edgeworth Model

240

(1)

The Chamberlin Model

241

(1)

The Kinked Demand Curve Model

241

(1)

The Centralized Cartel Model

242

(1)

The Market-Sharing Cartel Model

243

(1)

Price Leadership Model

243

(1)

Long-Run Equilibrium Under Oligopoly

244

(18)

Recent and Advanced Topics in Market Structure

262

(10)

The Lerner Index as a Measure of a Firm's Monopoly Power

262

(1)

The Herfindahl Index as Measure of Monopoly Power in an Industry

262

(1)

Contestable-Market Theory

262

(1)

Peak-Load Pricing

263

(1)

Cost-Plus Pricing

264

(1)

Transfer Pricing

264

(8)

Game Theory and Oligopolistic Behavior

272

(11)

Game Theory: Definitions and Objectives

272

(1)

Dominant Strategy

272

(1)

Nash Equilibrium

273

(1)

The Prisoners' Dilemma

273

(1)

Price and Nonprice Competition and Cartel Cheating

274

(1)

Repeated Games and Tit-For-Tat Strategy

274

(1)

Strategic Behavior

274

(9)

Input Pricing and Employment

283

(29)

Perfect Competition in the Product and Input Markets

Profit Maximization and Least-Cost Input Combinations

283

(1)

The Demand Curve of the Firm for One Variable Input

283

(1)

The Demand Curve of the Firm for One of Several Variable Inputs

284

(1)

The Market Demand Curve for an Input

285

(1)

The Market Supply Curve for an Input

285

(1)

Pricing and Level of Employment of an Input

285

(1)

Rent and Quasi-Rent

286

(1)

Perfect Competition in the Market and Monopoly in the Product Market

Profit Maximization and Least-Cost Input Combinations

286

(1)

The Demand Curve of the Firm for One Variable Input

286

(1)

The Demand Curve of the Firm for One of Several Variable Inputs

287

(1)

The Market Demand Curve and Input Pricing

287

(1)

Monopsony

Input Supply Curve and Marginal Resource Costs

288

(1)

Pricing and Employment for One Variable Input

289

(1)

Pricing and Employment of Several Variable Inputs

289

(23)

General Equilibrium and Welfare Economics

312

(24)

General Equilibrium

Partial and General Equilibrium Analysis

312

(1)

General Equilibrium of Exchange

312

(1)

General Equilibrium of Production

313

(1)

The Transformation Curve

314

(1)

The Slope of the Transformation Curve

315

(1)

General Equilibrium of Production and Exchange

315

(1)

Welfare Economics

Welfare Economics Defined

316

(1)

The Utility-Possibility Curve

316

(1)

Grand Utility-Possibility Curve

317

(1)

The Social Welfare Function

317

(1)

The Point of Maximum Social Welfare

318

(1)

Perfect Competition and Economic Efficiency

318

(1)

Externalities and Market Failure

318

(1)

Public Goods

319

(17)

The Economics of Information

336

(11)

The Economics of Search

336

(1)

Searching for The Lowest Price

336

(1)

Asymmetric Information: The Market for Lemons and Adverse Selection

337

(1)

Market Signaling

337

(1)

The Problem of Moral Hazard

337

(1)

The Principal-Agent Problem

338

(1)

The Efficiency Wage Theory

338

(9)

Final Examination

347

(4)

Index

351

Amazon no longer offers textbook rentals. We do!

Schaum's Outline of Microeconomics, 4th edition

Schaum's Outline of Microeconomics, 4th edition

9780071462365

0071462368

Summary

Author Biography

Table of Contents

Supplemental Materials

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