Microeconomics
About This Book
1 Overview of Faculty Resources This course comes with a collection of the best available OER faculty resources. All resources for this course are tightly aligned with learning outcomes and content. Since they are openly licensed, you may use them as is or adapt them to your needs. The collection is continuously updated with new materials from designated subject matter experts and faculty teaching the course. To request these faculty resources, contact Achieving the Dream at<EMAIL_ADDRESS>Now Av
| Category | business |
|---|---|
| Subject | Microeconomics |
| Year | 2023 |
| Authors | |
| Chapters | 160 |
| Word Count | |
| Price | |
| License | Creative Commons - Attribution - https://creativecommons.org/licenses/by/4.0/ |
Chapters
- 1 Overview of Faculty Resources
- 3 Why It Matters: Economic Thinking
- 5 Video: Scarcity and Choice
- 7 Video: Resources
- 15 Reading: Solving Simple Equations
- 16 Outcome: Graphs in Economics
- 19 Reading: Interpreting Slope
- 20 Reading: Types of Graphs
- 23 Putting It Together: Economic Thinking
- 24 Glossary: Economic Thinking
- 26 Outcome: The Cost of Choices
- 28 Reading: Calculating Opportunity Cost
- 31 Reading: The Production Possibilities Frontier
- 34 Reading: Rationality and Self-Interest
- 37 Reading: Marginal Analysis
- 38 Outcome: Positive and Normative Statements
- 43 Putting It Together: Choice in a World of Scarcity
- 45 Why It Matters: Supply and Demand
- 46 Outcome: Economic Systems
- 47 Reading: Economic Systems
- 57 Reading: What Is Supply?
- 59 Worked Example: Shift in Supply
- 60 Reading: Summary of Factors That Change Supply
- 63 Outcome: Equilibrium
- 66 Reading: Changes in Equilibrium
- 67 Worked Example: Supply and Demand
- 73 Putting It Together: Supply and Demand
- 77 Reading: Introduction to Elasticity
- 80 Outcome: Calculating Price Elasticity
- 82 Reading: Calculating Price Elasticities
- 84 Reading: Polar Cases of Elasticity
- 85 Outcome: Other Elasticities
- 89 Outcome: Price Elasticity and Total Revenue
- 90 Reading: Elasticity and Total Revenue
- 91 Reading: Elasticity, Costs, and Customers
- 93 Glossary: Elasticity
- 94 Putting It Together: Elasticity
- 95 Why It Matters: Government Action
- 96 Outcome: Price Ceilings
- 97 Reading: Price Ceilings
- 99 Reading: Price Floors
- 100 Case in Point: Organic Foods
- 102 Outcome: Tax Incidence
- 103 Reading: Tax Incidence
- 105 Reading: Financing Government
- 106 Reading: Types of Taxes
- 107 Worked Example: Price Controls
- 111 Why It Matters: Surplus
- 114 Outcome: Surplus and Inefficiency
- 117 Glossary: Surplus
- 118 Why It Matters: Utility
- 119 Outcome: Defining Utility
- 120 Reading: Consumer Choices
- 121 Reading: Consumption Choices
- 122 Reading: Choosing with Marginal Utility
- 125 Reading: Marginal Utility
- 126 Outcome: The Utility Maximizing Rule
- 127 Reading: A Tool for Maximizing Utility
- 131 Outcome: How Utility Changes
- 132 Reading: The Foundations of Demand Curve
- 133 Reading: Income Changes and Consumption Choices
- 134 Outcome: Behavioral Economics
- 135 Reading: Behavioral Economics: An Alternative Viewpoint
- 138 Why It Matters: Production
- 139 Outcome: Defining Production
- 140 Reading: Cost and Industry Structure
- 141 Reading: Factors of Production
- 142 Outcome: Marginal, Average, and Total Product
- 143 Reading: Production Choices and Costs
- 144 Outcome: Explicit and Implicit Costs
- 145 Reading: Explicit and Implicit Costs
- 147 Reading: Fixed and Variable Costs
- 148 Reading: The Structure of Costs in the Short Run
- 149 Outcome: Sunk Costs
- 157 Putting It Together: Production
- 158 Glossary: Production
- 160 Outcome: Defining Perfect Competition
- 162 Outcome: Perfectly Competitive Firms and Industries
- 163 Reading: Perfect Competition: A Model
- 165 Outcome: Costs and Revenue in a Perfectly Competitive Market
- 166 Reading: How Perfectly Competitive Firms Make Output Decisions
- 172 Outcome: Entry and Exit Decisions
- 176 Putting It Together: Perfect Competition
- 177 Glossary: Perfect Competition
- 179 Outcome: Introduction to Monopolies
- 181 Outcome: Barriers to Entry
- 183 Outcome: Revenue, Costs, Profit and Losses in Monopolies
- 184 Reading: Choosing Output and Price
- 186 Outcome: Inefficiencies in Monopolies
- 187 Reading: The Inefficiency of Monopoly
- 188 Reading: Monopolies and Deadweight Loss
- 189 Reading: Price Discrimination
- 191 Reading: Monopoly and Antitrust Policy
- 194 Reading: Regulating Natural Monopolies
- 196 Putting It Together: Monopoly
- 197 Glossary: Monopoly
- 198 Why It Matters: Monopolistically Competitive Industries
- 199 Outcome: Monopolistically Competitive Industries
- 200 Reading: Introducing Monopolistic Competition
- 202 Outcome: Calculating Cost and Revenue
- 205 Reading: Monopolistic Competitors and Entry
- 208 Outcome: Inefficiency of Monopolistic Competition
- 209 Reading: Monopolistic Competition and Efficiency
- 210 Putting It Together: Monopolistically Competitive Industries
- 213 Outcome: Introduction to Oligopolies
- 214 Reading: Introducing Oligopolies
- 217 Reading: Oligopoly Models
- 219 Reading: Collusion or Competition?
- 222 Reading: Prisoner’s Dilemma
- 223 Reading: Game Theory
- 225 Reading: Tradeoffs of Imperfect Competition
- 227 Glossary: Oligopolies
- 229 Outcome: Defining Public Goods
- 234 Outcome: Positive and Negative Externalities
- 236 Reading: Introduction to Externalities and Pollution
- 240 Outcome: Government Involvement and Externalities
- 242 Reading: The Benefits and Costs of U.S. Environmental Laws
- 246 Reading: Market-Oriented Environmental Tools: Effectiveness and Application
- 251 Reading: Introduction to International Trade
- 253 Reading: Absolute Advantage
- 261 Case in Point: Outsourcing, Insourcing, and Employment
- 262 Reading: The Tradeoffs of Trade Policy
- 263 Outcome: Trade Policy and Agreements
- 264 Reading: How Trade Policy Is Enacted
- 269 Reading: The Foreign Exchange Market
- 270 Reading: Strengthening and Weakening Currency
- 273 Reading: Macroeconomic Effects of Exchange Rates
- 274 Reading: Exchange-Rate Policies
- 276 Reading: Introduction to Globalization
- 280 Putting It Together: Globalization, Trade and Finance
- 281 Glossary: International Trade
- 282 Why It Matters: Income Distribution
- 283 Outcome: Factors of Production
- 284 Reading: The Demand for Labor
- 286 Reading: The Supply of Labor
- 287 Case in Point: An Airline Pilot’s Lament
- 288 Reading: Labor Markets at Work
- 289 Case in Point: Technology and the Wage Gap
- 290 Reading: Time and Interest Rates
- 293 Reading: Natural Resources and Conservation
- 294 Outcome: Competition and Wages
- 296 Reading: Monopoly and Monopsony: A Comparison
- 298 Reading: Price Setters on the Supply Side
- 301 Outcome: Measuring and Understanding the Distribution of Income
- 302 Reading: Poverty and Economic Inequality
- 304 Reading: The Safety Net
- 305 Reading: Explaining Inequality
- 308 Glossary: Income Distribution
- 309 Putting It Together: Income Distribution
- 310 Welcome
- 311 Textbook: Important
- 315 Khan Academy and External Links
- 317 Grade Determination
- 320 Cheat Sheet
- 322 Cost Functions
- 325 Keep These Things In Mind
- 326 The Shut Down Decision
- 329 Some things to keep in mind
- 331 Cheat Sheet: How Many Workers Should Be Hired?