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Microeconomics [Paperback]

David Besanko , Ronald Braeutigam
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Table of Contents

PART 1 INTRODUCTION TO MICROECONOMICS CHAPTER 1 Analyzing Economic Problems 1 CHAPTER 2 Demand and Supply Analysis 26 APPENDIX: Price Elasticity of Demand Along a Constant Elasticity Demand Curve 72 PART 2 CONSUMER THEORY CHAPTER 3 Consumer Preferences and the Concept of Utility 73 CHAPTER 4 Consumer Choice 103 APPENDIX 1: The Mathematics of Consumer Choice 143 APPENDIX 2: The Time Value of Money 144 CHAPTER 5 The Theory of Demand 150 PART 3 PRODUCTION AND COST THEORY CHAPTER 6 Inputs and Production Functions 200 APPENDIX: The Elasticity of Substitution for a Cobb-Douglas Production Function 243 CHAPTER 7 Costs and Cost Minimization 245 APPENDIX: Advanced Topics in Cost Minimization 281 CHAPTER 8 Cost Curves 285 APPENDIX: Shephard's Lemma and Duality 323 PART 4 PERFECT COMPETITION CHAPTER 9 Perfectly Competitive Markets 327 APPENDIX: Profit Maximization Implies Cost Minimization 384 CHAPTER 10 Competitive Markets: Applications 386 PART 5 MARKET POWER CHAPTER 11 Monopoly and Monopsony 438 CHAPTER 12 Capturing Surplus 485 PART 6 IMPERFECT COMPETITION AND STRATEGIC BEHAVIOR CHAPTER 13 Market Structure and Competition 528 APPENDIX: The Cournot Equilibrium and the Inverse Elasticity Pricing Rule 570 CHAPTER 14 Game Theory and Strategic Behavior 571 PART 7 SPECIAL TOPICS CHAPTER 15 Risk and Information 604 CHAPTER 16 General Equilibrium Theory 648 APPENDIX: Deriving the Demand and Supply Curves for General Equilibrium 692 CHAPTER 17 Externalities and Public Goods 697 Mathematical Appendix 729 Solutions to Selected Problems 749 Glossary 771 Photo Credits 781 Index 783

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