BookVerse

About This Book

Chapter 1: Introduction Economics as Limits, Alternatives, and Choices In this chapter, you will learn about: - define economics and place it in context with other social sciences– - explain how benefit-cost analysis is used to inform economic decisions– - identify important factors that limit individuals,’ businesses,’ and societies’ choices - describe a choice, limit, and tradeoff for each of the following: - individuals - consumers - firms - societies as a whole - define opportunity cost in t

Chapters

• Chapter 1.3 – How Individuals Make Choices Based on Their Budget Constraint
• Chapter 2.2 – Introducing the Market System
• Chapter 2.3 – The Use of Mathematics in Principles of Economics
• Chapter 3.1 – Demand, Supply, and Equilibrium in Markets for Goods and Services
• Chapter 3.2 – Shifts in Demand and Supply for Goods and Services
• Chapter 3.4 – Price Ceilings and Price Floors
• Chapter 4: Introduction
• Chapter 4.1 – Why the Private Sector Underinvests in Innovation
• Chapter 4.2 – How Governments Can Encourage Innovation
• Chapter 4.3 – Public Goods
• Want to create or adapt books like this? Learn more about how Pressbooks support
• Chapter 6.3 – Indifference Curves
• Chapter 6.4 – Behavioral Economics: An Alternative Framework for Consumer Choice
• Chapter 7 : Introduction
• Chapter 7.4 – Production in the Long Run
• Chapter 7.5 – Costs in the Long Run
• Chapter 8 : Introduction
• Chapter 9.2 – Efficiency in Perfectly Competitive Markets
• Chapter 10.1 – How Monopolies Form: Barriers to Entry
• Chapter 11 – Introduction
• Chapter 11.1 – Demand for Labor
• Chapter 13.1 – Introduction to the Agriculture Economics
• Chapter 14 – Introduction

Rate This Book