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Microeconomics
Perloff, J.M.
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Chapters
Microeconomics · Perloff, J.M.
Microeconomics: The Allocation of Scarce Resources · Models · Uses of Microeconomic Models
Demand · Supply · Market Equilibrium · Shocking the Equilibrium
How Shapes of Supply and Demand Curves Matter · Sensitivity of the Quantity Demanded to Price · Sensitivity of the Quantity Supplied to Price · Effects of a Sales Tax
Preferences · Utility · Budget Constraint · Constrained Consumer Choice
Deriving Demand Curves · How Changes in Income Shift Demand Curves · Effects of a Price Change · Cost-of-Living Adjustments
The Ownership and Management of Firms · Production · Short-Run Production · Long-Run Production
The Nature of Costs · Short-Run Costs · Long-Run Costs · Lower Costs in the Long Run
Perfect Competition · Profit Maximization · Competition in the Short Run · Competition in the Long Run
Zero Profit for Competitive Firms in the Long Run · Consumer Welfare · Producer Welfare · Competition Maximizes Welfare
General Equilibrium · Trading Between Two People · Competitive Exchange · Production and Trading
Monopoly Profit Maximization · Market Power · Market Failure Due to Monopoly Pricing · Causes of Monopoly
Conditions for Price Discrimination · Perfect Price Discrimination · Group Price Discrimination · Nonlinear Price Discrimination
Market Structures · Cartels · Cournot Oligopoly · Stackelberg Oligopoly
Static Games · Repeated Dynamic Games · Sequential Dynamic Games · Auctions
Competitive Factor Market · Effects of Monopolies on Factor Markets · Monopsony
Comparing Money Today to Money in the Future · Choices over Time · Exhaustible Resources · Capital Markets, Interest Rates, and Investments
Assessing Risk · Attitudes Toward Risk · Reducing Risk · Investing Under Uncertainty
Externalities · The Inefficiency of Competition with Externalities · Regulating Externalities · Market Structure and Externalities
Adverse Selection · Reducing Adverse Selection · Price Discrimination Due to False Beliefs About Quality · Market Power from Price Ignorance
The Principal-Agent Problem · Using Contracts to Reduce Moral Hazard · Monitoring to Reduce Moral Hazard · Checks on Principals
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