PART I: UTILITY-MAXIMIZING CHOICE: CONSUMERS, WORKERS, AND SAVERS.
2. A Consumer’s Economic Circumstances.
3. Economic Circumstances in Labor and Financial Markets.
4. Tastes and Indifference Curves.
5. Different Types of Tastes.
6. Doing the Best” We Can.
7. Income and Substitution Effects in Consumer Goods Markets.
8. Wealth and Substitution Effects in Labor and Capital Markets.
9. Demand for Goods and Supply of Labor and Capital.
10. Consumer Surplus and Deadweight Loss.
PART II: PROFIT-MAXIMIZING CHOICE: PRODUCERS (OR “FIRMS”).
11. One Input and One Output: A Short-Run Producer Model.
12. Production with Multiple Inputs.
13. Production Decisions in the Short and Long Run.
PART III: COMPETITIVE MARKETS AND THE “INVISIBLE HAND”.
14. Competitive Market Equilibrium.
15. The “Invisible Hand” and the First Welfare Theorem.
16. General Equilibrium.
17. Choice and Markets in the Presence of Risk.
PART IV: DISTORTIONS OF THE “INVISIBLE HAND” IN COMPETITIVE MARKETS.
18. Elasticities, Price-Distorting Policies, and Non-Price Rationing.
19. Distortionary Taxes and Subsidies.
20. Prices and Distortions across Markets.
21. Externalities in Competitive Markets.
22. Asymmetric Information in Competitive Markets.
PART V: DISTORTIONS OF THE “INVISIBLE HAND” FROM STRATEGIC DECISIONS.
24. Strategic Thinking and Game Theory.
26. Product Differentiation and Innovation in Markets.
27. Public Goods.
28. Governments and Politics.
PART VI: CONSIDERING HOW TO MAKE THE WORLD A BETTER PLACE.
29. What Is Good? Challenges from Psychology and Philosophy.
30. Balancing Government, Civil Society, and Markets.”
Test Bank for Microeconomics: An Intuitive Approach with Calculus 2nd Edition | 9781305650466Test Banks
A Descriptive Test Bank for Microeconomics: An Intuitive Approach with Calculus 2nd Edition | 9781305650466
By Thomas Nechyba
ISBN-10: 1305650468 ISBN-13: 9781305650466
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