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Microeconomics: An Intuitive Approach with Calculus

Nechyba, Thomas

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Chapters

Microeconomics: An Intuitive Approach with Calculus · Nechyba, Thomas

01
Introduction

What Is Microeconomics? · Economics, Incentives, and Economic Models · Predicting versus Judging Behavior and Social Outcomes · The “Non-Dismal” Science: Some Basic Lessons

76 questionsExplore →
02
A Consumer’s Economic Circumstances

Consumer Choice Sets and Budget Constraints · Consumer Choice Sets and Budget Equations

71 questionsExplore →
03
Economic Circumstances in Labor and Financial Markets

Budgets for Workers and Savers · Choice Sets and Budget Equations for Workers and Savers

45 questionsExplore →
04
Tastes and Indifference Curves

The Economic Model of Tastes · Tastes and Utility Functions

112 questionsExplore →
05
Different Types of Tastes

Different Types of Indifference Maps · Different Types of Utility Functions

67 questionsExplore →
06
Doing the “Best” We Can

Choice: Combining Economic Circumstances with Tastes · Optimizing within the Mathematical Model

146 questionsExplore →
07
Income and Substitution Effects in Consumer Goods Markets

Graphical Exposition of Income and Substitution Effects · The Mathematics of Income and Substitution Effects

229 questionsExplore →
08
Wealth and Substitution Effects in Labor and Capital Markets

Wealth Effects, Substitution Effects, and Endowments · Constrained Optimization with Wealth Effects

48 questionsExplore →
09
Demand for Goods and Supply of Labor and Capital

Deriving Demand and Supply Curves · Demand and Supply Functions

229 questionsExplore →
10
Consumer Surplus and Deadweight Loss

Measuring Consumer Welfare in Dollars · The Mathematics of Consumer Welfare and “Duality”

137 questionsExplore →
11
One Input and One Output: A Short-Run Producer Model

A Short-Run One-Input/One-Output Model · The Mathematics of the Short-Run Model

425 questionsExplore →
12
Production with Multiple Inputs

An Intuitive Development of the Two-Input Model · The Mathematics behind the Multiple-Input Model

224 questionsExplore →
13
Production Decisions in the Short and Long Run

Changes in Producer Behavior as Conditions Change · Transitioning from Short- to Long-Run Mathematically

116 questionsExplore →
14
Competitive Market Equilibrium

Equilibrium: Combining Demand and Supply Curves · The Mathematics of Industry (or Market) Equilibrium

337 questionsExplore →
15
The “Invisible Hand” and the First Welfare Theorem

Welfare Analysis in Equilibrium · Equilibrium Welfare Analysis: Preliminaries and an Example

63 questionsExplore →
16
General Equilibrium

A Graphical Exposition of General Equilibrium · The Mathematics of Competitive General Equilibrium

183 questionsExplore →
17
Choice and Markets in the Presence of Risk

An Intuitive Model of Choice in the Presence of Risk · The Mathematics of Choice in the Presence of Risk

149 questionsExplore →
18
Elasticities, Price-Distorting Policies, and Non-Price Rationing

Interactions of Markets and Price-Distorting Policies · The Mathematics of Elasticities and Price Distortions

390 questionsExplore →
19
Distortionary Taxes and Subsidies

Taxes and Subsidies in Competitive Markets · The Mathematics of Taxes (and Subsidies)

296 questionsExplore →
20
Prices and Distortions across Markets

Exporters, Importers, and Speculators · The Mathematics of Trading across Markets

179 questionsExplore →
21
Externalities in Competitive Markets

The Problem of Externalities · The Mathematics of Externalities

329 questionsExplore →
22
Asymmetric Information in Competitive Markets

Asymmetric Information and Efficiency · Insurance Contracts with Two Risk Types

211 questionsExplore →
23
Monopoly

Pricing Decisions by Monopolist · The Mathematics of Monopoly

539 questionsExplore →
24
Strategic Thinking and Game Theory

Game Theory under Complete Information · Game Theory under Incomplete Information

366 questionsExplore →
25
Oligopoly

Competition and Collusion in Oligopolies · The Mathematics of Oligopoly

275 questionsExplore →
26
Product Differentiation and Innovation in Markets

Differentiated Products and Innovation · Mathematical Modeling of Differentiated Product Markets

85 questionsExplore →
27
Public Goods

Public Goods and Their Externalities · The Mathematics of Public Goods

154 questionsExplore →
28
Governments and Politics

The Economic Way of Thinking about Politics · An Exposition of Arrow’s Impossibility Theorem

13 questionsExplore →
29
What Is Good? Challenges from Psychology and Philosophy

Who Are We Really, and What Is It All About? · Some Tools in the Search for “What Is Good”

27 questionsExplore →
30
Balancing Government, Civil Society, and Markets

Resolvable versus Unresolvable Differences · The Three-Legged Stool · Combining the First Welfare Theorem with Other Insights · Nonmarket Institutions and Their Challenges

1 questionsExplore →

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