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Microeconomic theory: basic principles and extensions

Walter Nicholson

Open publisher page 1,147 citations

Abstract

PART 1: INTRODUCTION. 1. Economic Models. 2. Mathematics used in Microeconomics. PART 2: CHOICE AND DEMAND. 3. Preferences and Utility. 4. Utility Maximization and Choice. 5. Income and Substitution Effects. 6. Demand Relationships Among Goods. 7. Uncertainty and Information. 8. Strategy and Game Theory. PART 3: PRODUCTION AND SUPPLY. 9. Production Functions. 10. Cost Functions. 11. Profit Maximization. PART 4: COMPETITIVE MARKETS. 12. The Partial Equilibrium Competitive Market. 13. General Equilibrium and Welfare. PART 5: MARKET POWER. 14. Monopoly. 15. Imperfect Competition. PART 6: PRICING IN INPUT MARKETS. 16. Labor Markets. 17. Capital and Time. PART 7: MARKET FAILURE. 18. Asymmetric Information. 19. Externalities and Public Goods.

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PART 1: INTRODUCTION. 1. Economic Models. 2. Mathematics used in Microeconomics. PART 2: CHOICE AND DEMAND. 3. Preferences and Utility. 4. Utility Maximization and Choice. 5. Income and Substitution Effects. 6. Demand Relationships Among Goods. 7. Uncertainty and Information. 8. Strategy and Game Theory. PART 3: PRODUCTION AND SUPPLY. 9. Production Functions. 10. Cost Functions. 11. Profit Maximization. PART 4: COMPETITIVE MARKETS. 12. The Partial Equilibrium Competitive Market. 13. General Equilibrium and Welfare. PART 5: MARKET POWER. 14. Monopoly. 15. Imperfect Competition. PART 6: PRICING IN INPUT MARKETS. 16. Labor Markets. 17. Capital and Time. PART 7: MARKET FAILURE. 18. Asymmetric Information. 19. Externalities and Public Goods.

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PART 1: INTRODUCTION. 1. Economic Models. 2. Mathematics used in Microeconomics. PART 2: CHOICE AND DEMAND. 3. Preferences and Utility. 4. Utility Maximization and Choice. 5. Income and Substitution Effects. 6. Demand Relationships Among Goods. 7. Uncertainty and Information. 8. Strategy and Game Theory. PART 3: PRODUCTION AND SUPPLY. 9. Production Functions. 10. Cost Functions. 11. Profit Maximization. PART 4: COMPETITIVE MARKETS. 12. The Partial Equilibrium Competitive Market. 13. General Equilibrium and Welfare. PART 5: MARKET POWER. 14. Monopoly. 15. Imperfect Competition. PART 6: PRICING IN INPUT MARKETS. 16. Labor Markets. 17. Capital and Time. PART 7: MARKET FAILURE. 18. Asymmetric Information. 19. Externalities and Public Goods.

Key concepts: Economics, Microeconomics, Profit maximization, Monopoly, Imperfect competition, Perfect competition, Market power, Perfect information

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