Principles of Economics Essentials You Always Wanted To Know

Name: Principles of Economics Essentials You Always Wanted To Know
Brand: De Gruyter
Price: 38.49 EUR
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Vibrant Publishers Vibrant Vibrant Publishers(Autor*in)

De Gruyter (Verlag)

1. Auflage

Erschienen am 1. August 2024

242 Seiten

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Inhalt

Intro
An Introduction to the World of Economics
1.1 The Ten Principles of Economics
1.2 Conclusion
Quiz
Chapter Summary
Demand, Supply, and the Market Equilibrium
2.1 What is a Market?
2.2 How Markets Determine How Much to Produce, and at What Price to Produce Goods
2.3. Equilibrium in the Market
2.4. Comparative Statics
2.5 Are Price Movements Always Unambiguous?
2.6. Conclusion
Quiz
Chapter Summary
ELASTICITY AND PRICE CONTROLS
3.1 Elasticity
3.2 Factors Affecting Elasticity
3.3 Perfectly Elastic and Inelastic Demand and Supply
3.4 Cross-Price Elasticity of Demand and Supply
3.5 Market Failures and Price Mechanisms
3.6 Market Implications of Elasticity
Quiz
Chapter Summary
Case Study: Trends in Gasoline Prices
Case Study: Application of elasticity of demand for US Airlines
Consumer Behavior
4.1 The Budget Constraint
4.2 Consumer Preferences
4.3 Consumer Equilibrium
4.4 Concluding Remarks and Practical Applications
Quiz
Chapter Summary
Theory of the Firm-Production
5.1. The Theory of the Firm
5.2 The Production Function
5.3 Isoquants
5.4. Isoquants and Types of Inputs
5.5. Returns to Scale
5.6. Concluding Remarks
Quiz
Chapter Summary
Cost
6.1. Introduction
6.2 Types of Costs
6.3. Relation Between Marginal Cost and Average Cost: Zones Along the Cost Function
6.4. The Long-Run Cost Curve
6.5. Concluding Remarks
Quiz
Chapter Summary
Markets - I: Perfect Competition
7.1. Characteristics of a Perfectly Competitive Market
7.2. Price Discovery For a Perfectly Competitive Market
7.3. Profit Maximization Principle
7.4. Shut-Down Condition
7.5. Exit Conditions for a Firm
7.6. Concluding Remarks
Quiz
Chapter Summary
Case Study - A Perfectly Competitive Market
Markets II - Monopoly: The Good, Bad, and the Ugly
8.1 Introduction
8.2. Monopoly
8.3. How do Monopolies Price Their Products?
8.4 Monopoly Power
8.5. Social Cost of a Monopoly
8.6 Price Discrimination
8.7. Conclusion
Quiz
Chapter Summary
Markets III - Game Theory and Oligopolistic Markets
9.1. Game Theory and Oligopoly Markets
9.2. How Cooperation Works
9.3 Simultaneous Versus Sequential Games
9.4. Cheap Talk and Empty Threats
9.5. First-Mover Advantage
9.6 Conclusion
Quiz
Chapter Summary
Macroeconomics: It's the Economy, Stupid
10.1. The Circular Economy
10.2 Injection and Leakages
10.3. National Income
10.4. Conclusion
Quiz
Chapter Summary
Aggregate Demand: The Building Blocks of an Economy
11.1. Introduction
11.2. The Keynesian Economy and the Role of the Aggregate Demand
11.3 Conclusion
Quiz
Chapter Summary
Fiscal and Monetary Policy: The Toolkit for the Economy
12.1 Fiscal Policy
12.2 Fiscal Policy and the Aggregate Demand Curve
12.3 Monetary Policy and the Role of the Central Bank
12.4 Policy Mix and Lag Effect
12.5 The Aggregate Supply Curve
12.6 Conclusion
Quiz
Chapter Summary
Bibliography
GLOSSARY

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