Microeconomics
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PART I: ECONOMIC PRINCIPLES.- Economic Building Blocks and the Importance of Elasticities.- Scarcities and how they are Priced.- PART II: THE DEMAND SIDE OF THE ECONOMY.- Utility and Expenditures.- Demand: Income and Substitution Effects.- Measuring Consumer Well-being.- PART III: THE SUPPLY SIDE OF THE ECONOMY.- Production Analysis: Inputs, Outputs, Coefficients, and Productivity.- Production Functions.- Supply and Market Power.- PART IV: BUILDING THE MODEL OF THE ECONOMY.- Equilibrium.- Efficiency Theory.- PART V: PUTTING THE MODEL TO USE.- Measuring Economic Performance.- Market Forms and Competition Policy.- Public Economics.- PART VI: MARKET IMPERFECTIONS.- Game Theory and the New Industrial Organization.- Analyzing Uncertainty and Missing Information.- Search, Transaction, and Switching Costs.
