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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
Publisher : Simple Subjects, LLC
Publication date : May 16, 2014
Language : English
Print length : 134 pages
ISBN-10 : 0981454291
ISBN-13 : 978-0981454290
Item Weight : 5.4 ounces
Dimensions : 5 x 0.34 x 8 inches
Part of series : Financial Topics in 100 Pages or Less
Best Sellers Rank: #237,572 in Books (See Top 100 in Books) #36 in Microeconomics (Books) #196 in Theory of Economics
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