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Microeconomics
Pindyck, R. S. and Rubinfeld, D. L.
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Chapters
Microeconomics · Pindyck, R. S. and Rubinfeld, D. L.
The Themes of Microeconomics · What Is a Market? · Real versus Nominal Prices · Why Study Microeconomics?
Supply and Demand · The Market Mechanism · Changes in Market Equilibrium · Elasticities of Supply and Demand
Consumer Preferences · Budget Constraints · Consumer Choice · Revealed Preference
Individual Demand · Income and Substitution Effects · Market Demand · Consumer Surplus
Describing Risk · Preferences Toward Risk · Reducing Risk · The Demand for Risky Assets
Firms and Their Production Decisions · Production with One Variable Input (Labor) · Production with Two Variable Inputs · Returns to Scale
Measuring Cost: Which Costs Matter? · Cost in the Short Run · Cost in the Long Run · Long-Run versus Short-Run Cost Curves
Perfectly Competitive Markets · Profit Maximization · Marginal Revenue, Marginal Cost, and Profit Maximization · Choosing Output in the Short Run
Evaluating the Gains and Losses from Government Policies—Consumer and Producer Surplus · The Efficiency of a Competitive Market · Minimum Prices · Price Supports and Production Quotas
Monopoly · Monopoly Power · Sources of Monopoly Power · The Social Costs of Monopoly Power
Capturing Consumer Surplus · Price Discrimination · Intertemporal Price Discrimination and Peak-Load Pricing · The Two-Part Tariff
Monopolistic Competition · Oligopoly · Price Competition · Competition versus Collusion: The Prisoners’ Dilemma
Gaming and Strategic Decisions · Dominant Strategies · The Nash Equilibrium Revisited · Repeated Games
Competitive Factor Markets · Equilibrium in a Competitive Factor Market · Factor Markets with Monopsony Power · Factor Markets with Monopoly Power
Stocks versus Flows · Present Discounted Value · The Value of a Bond · The Net Present Value Criterion for Capital Investment Decisions
General Equilibrium Analysis · Efficiency in Exchange · Equity and Efficiency · Efficiency in Production
Quality Uncertainty and the Market for Lemons · Market Signaling · Moral Hazard · The Principal–Agent Problem
Externalities · Ways of Correcting Market Failure · Stock Externalities · Externalities and Property Rights
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