Microeconomics Roger A. Arnold book

Table of contents


An introduction to economics
Part 1 Economics: The science of scarcity
Chapter 1 what economics about 1
A definition of economics 1-17
Appendix A: Working with diagrams 19
Two-variable diagrams 19-26
Appendix B should you major in economics 27-32
CHAPTER 2 ECONOMIC ACTIVITIES: PRODUCING AND TRADING 33
The production possibilities frontier 33-52
CHAPTER 3 SUPPLY AND DEMAND: THEORY 53
A note about theories 53-90
CHAPTER 4 SUPPLY AND DEMAND: APPLICATION 91
Application 1: why is medical care so expensive? 91-112
MICROECONOMICS
PART 2 MICROECONOMIC FUNDAMENTALS
CHAPTER 5 ELASTICITY 113
How to approach the study of microeconomics 113-139
CHAPTER 6 CONSUMER CHOICE: MAXIMIZING UTILITY AND BEHAVIORAL ECONOMICS 140
Utility Theory 140-165
CHAPTER 7 PRODCUCTION AND COSTS 166
Why firms exist 166-195
PART 3 PRODUCTION MARKETS AND POLICIES
CHAPTER 8 PERFECT COMPETITION 196
The Theory of perfect completion 196-222
CHAPTER 9 MONOPOLY 223
The Theory of monopoly 223-245
CHAPTER 10 MONOPOLISTIC COMPETITION, OLIGOPOLY, AND GAME THEORY 246
The Theory of monopolistic competition 246-271
CHAPTER 11 GOVERNMENT AND PRODUCT MARKETS: ANTITRUST AND REGULATION 272
PART 4 FACTOR MARKETS AND RELATED ISSUES
CHAPTER 12 FACTOR MARKETS: WITH EMPHASIS ON THE LABOR MARKET 295
Factor markets 295-319
CHAPTER 13 WAGES, UNIONS, AND LABOR 320
The Facts and figures of labor unions 320-338
CHAPTER 14 THE DISTRIBUTION OF INCOME AND POVERTY 339
Some facts about income distribution 339-360
CHAPTER 15 INTEREST, RENT, AND PROFIT 361
Interest 361-379
PART 5MARKET FAILURE AND PUBLIC CHOICE
CHAPTER 16 MARKET FAILURE: EXTERNALITIES, PUBLIC GOODS, AND ASYMMETRIC INFORMATION 380
Externalities 380-405
CHAPTER 17 PUBLIC CHOICE: ECONOMIC THEORY APPLIED TO POLITICS 406
Public Choice Theory 406-426
THE GLOBAL ECONOMY
PART 6 INTERNATIONAL ECONOMICS AND GLOBALIZATION
CHAPTER 18 INTERNATIONAL TRADE 427
International trade theory 427-445
CHAPTER 19 INTERNATIONAL FINANCE 446
The Balance of Payments 446-474
CHAPTER 20 GLOBALIZATION AND INTERNATIONAL IMPACTS ON THE ECONOMY 475
What is Globalization 475-502
PRACTICAL ECONOMICS
PART 7 FINANCIAL MATTERS
CHAPTER 21 STOCKS, BONDS, FUTURES, AND OPTIONS 503
Financial markets 503-523
WEB CHAPTER
PART 8 WEB CHAPTER
CHAPTER 22 AGRICULTURE: PROBLEMS, POLICIES, AND UNINTENDED EFFECTS 524
Agriculture: The Issues 524-535
Self-Test Appendix 524
Glossary 538
Index 544


includes bibliographies and indexes