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Microeconomics Made Simple

2014-06-01 Business & Economics
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Release : 2014-06-01
Genre : Business & Economics
Kind : eBook
Book Rating : 290/5 ( reviews)

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Book Synopsis Microeconomics Made Simple by : Austin Frakt

Download or read book Microeconomics Made Simple written by Austin Frakt. This book was released on 2014-06-01. Available in PDF, EPUB and Kindle. Book excerpt: Find all of the following topics, explained in plain-English: Introduction: What is Economics? Not a Perfect Model Microeconomics vs. Macroeconomics 1. Maximizing Utility Decreasing Marginal Utility Opportunity Costs 2. Evaluating Production Possibilities Production Possibilities Frontiers Absolute and Comparative Advantage 3. Demand Determinants of Demand Elasticity of Demand Change in Demand vs. Change in Quantity Demanded 4. Supply Determinants of Supply Elasticity of Supply Change in Supply vs. Change in Quantity Supplied 5. Market Equilibrium How Market Equilibrium is Reached The Effect of Changes in Supply and Demand 6. Government Intervention Price Ceilings and Price Floors Taxes and Subsidies 7. Costs of Production Marginal Cost of Production Fixed vs. Variable Costs Short Run vs. Long Run Sunk Costs Economic Costs vs. Accounting Costs 8. Perfect Competition Firms Are Price Takers Making Decisions at the Margin Consumer and Producer Surplus 9. Monopoly Market Power Deadweight Loss with a Monopoly Monopolies and Government 10. Oligopoly Collusion Cheating the Cartel Government Intervention in Oligopolies 11. Monopolistic Competition Competing via Product Differentiation Loss of Surplus with Monopolistic Competition Conclusion: The Insights and Limitations of Economics

Summary of Austin Frakt & Mike Piper's Microeconomics Made Simple

2022-04-29T22:59:00Z Business & Economics
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Release : 2022-04-29T22:59:00Z
Genre : Business & Economics
Kind : eBook
Book Rating : 379/5 ( reviews)

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Book Synopsis Summary of Austin Frakt & Mike Piper's Microeconomics Made Simple by : Everest Media,

Download or read book Summary of Austin Frakt & Mike Piper's Microeconomics Made Simple written by Everest Media,. This book was released on 2022-04-29T22:59:00Z. Available in PDF, EPUB and Kindle. Book excerpt: Please note: This is a companion version & not the original book. Sample Book Insights: #1 Marginal utility is the additional utility gained from consuming an additional unit of a particular good. It is the reason people do not spend all of their money on a single good: consumption of most goods comes with decreasing marginal utility. #2 The opportunity cost of a choice is the value of the best alternative that you must forgo in order to make that choice. The opportunity cost of going to a movie is the forgone utility from the next most enjoyable activity you could have done. #3 In economics, the factors of production are the inputs used to create finished goods. They are land, labor, and capital. The ideal situation is to use all resources to their fullest capacity, or use the fewest possible resources for any given level of output. #4 A production possibilities frontier illustrates the various choices that an economic entity can make when choosing what to produce, given the constraints imposed by its limited factors of production.

Microeconomics For Dummies

2016-01-14 Business & Economics
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Release : 2016-01-14
Genre : Business & Economics
Kind : eBook
Book Rating : 401/5 ( reviews)

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Book Synopsis Microeconomics For Dummies by : Lynne Pepall

Download or read book Microeconomics For Dummies written by Lynne Pepall. This book was released on 2016-01-14. Available in PDF, EPUB and Kindle. Book excerpt: Your no-nonsense guide to microeconomics The study of microeconomics isn't for the faint of heart. Fortunately, Microeconomics For Dummies is here to help make this tough topic accessible to the masses. If you're a business or finance major looking to supplement your college-level microeconomics coursework—or a professional who wants to expand your general economics knowledge into the microeconomics area—this friendly and authoritative guide will take your comprehension of the subject from micro to macro in no time! Cutting through confusing jargon and complemented with tons of step-by-step instructions and explanations, it helps you discover how real individuals and businesses use microeconomics to analyze trends from the bottom up in order to make smart decisions. Snagging a job as an economist is fiercely competitive—and highly lucrative. Having microeconomics under your belt as you work toward completing your degree will put you head and shoulders above the competition and set you on the course for career advancement once you land a job. So what are you waiting for? Analyze small-scale market mechanisms Determine the elasticity of products within the market systems Decide upon an efficient way to allocate goods and services Score higher in your microeconomics class Everything you need to make microeconomics your minion is a page away!

Microeconomics

2014-04 Business & Economics
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Release : 2014-04
Genre : Business & Economics
Kind : eBook
Book Rating : 377/5 ( reviews)

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Book Synopsis Microeconomics by : Avinash Dixit

Download or read book Microeconomics written by Avinash Dixit. This book was released on 2014-04. Available in PDF, EPUB and Kindle. Book excerpt: The issues of microeconomics - including individuals' financial choices and firms' decisions about hiring and firing - have a large impact on the economic world, arguably as much, if not more than, macroeconomics. In this Very Short Introduction Avinash Dixit clearly explains what microeconomics is by using examples from around the world.

Everyday Economics Made Easy

2022-04-26 Business & Economics
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Release : 2022-04-26
Genre : Business & Economics
Kind : eBook
Book Rating : 352/5 ( reviews)

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Book Synopsis Everyday Economics Made Easy by : Editors Of Wellfleet Press

Download or read book Everyday Economics Made Easy written by Editors Of Wellfleet Press. This book was released on 2022-04-26. Available in PDF, EPUB and Kindle. Book excerpt: Confidently develop and apply economic reasoning to everyday situations with the illustrated step-by-step instruction of Everyday Economics Made Easy.

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