Verfügbarkeit: Foundations of microeconomics | Technische Universität München

Foundations of microeconomics:

Gespeichert in:

Bibliographische Detailangaben
Beteiligte Personen:	Bade, Robin (VerfasserIn), Parkin, Michael 1939- (VerfasserIn)
Format:	Buch
Sprache:	Englisch
Veröffentlicht:	Boston [u.a.] Pearson, Addison Wesley 2009
Ausgabe:	4. ed., internat. ed.
Schlagwörter:	Mikroökonomie Lehrbuch
Links:	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016549985&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Umfang:	Getr. Zählung zahlr. Ill. und graph. Darst.
ISBN:	0321522508 9780321556127

Internformat

MARC


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Datensatz im Suchindex

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adam_text	.- ** I FOUNDATIONS OF MICROECONOMICS ROBIN BADE MICHAEL PARKIN UNIVERSITY OF WESTERN ONTARIO FOURTH EDITION PEARSON ADDISON WESLEY BOSTON SAN FRANCISCO NEW YORK LONDON TORONTO SYDNEY TOKYO SINGAPORE MADRID MEXICO CITY MUNICH PARIS CAPE TOWN HONG KONG MONTREAL CONTENTS PART 1 INTRODUCTION CHAPTER 1 GETTING STARTED 1 CHAPTER CHECKLIST 1 1.1 DEFINITION AND QUESTIONS 2 SCARCITY, 2 ECONOMICS DEFINED, 3 WHAT, HOW, AND FOR WHOM? 3 WHEN IS THE PURSUIT OF SELF-INTEREST IN THE SOCIAL INTEREST? 4 CHECKPOINT 1.1 9 1.2 THE ECONOMIC WAY OF THINKING 10 CORE ECONOMIC IDEAS, 10 RATIONAL CHOICE, 10 COST: WHAT YOU MUST GIVE UP, 11 BENEFIT: GAIN MEASURED BY WHAT YOU ARE WILLING TO GIVE UP, 11 ON THE MARGIN, 12 RESPONDING TO INCENTIVES, 13 THE MICRO AND MACRO VIEWS OF THE WORLD, 14 ECONOMICS AS SOCIAL SCIENCE, 15 ECONOMICS AS POLICY TOOL, 16 CHECKPOINT 1.2 18 CHAPTER SUMMARY 19 CHAPTER CHECKPOINT 20 APPENDIX: MAKING AND USING GRAPHS 23 BASIC IDEA, 23 INTERPRETING DATA GRAPHS, 24 INTERPRETING GRAPHS USED IN ECONOMIC MODELS, 26 THE SLOPE OF A RELATIONSHIP, 29 RELATIONSHIPS AMONG MORE THAN TWO VARIABLES, 30 APPENDIX CHECKPOINT 32 * EYE ON THE PAST ADAM SMITH AND THE BIRTH OF ECONOMICS AS A MODERN SOCIAL SCIENCE, 17 2.1 2.2 2.3 CHAPTER 2 THE U.S. AND GLOBAL ECONOMIES 33 CHAPTER CHECKLIST 33 WHAT, HOW, AND FOR WHOM? 34 WHAT DO WE PRODUCE? 34 HOW DO WE PRODUCE? 36 FOR WHOM DO WE PRODUCE? 39 CHECKPOINT 2.1 41 THE CIRCULAR FLOWS 42 HOUSEHOLDS AND FIRMS, 42 MARKETS, 42 REAL FLOWS AND MONEY FLOWS, 42 GOVERNMENTS, 44 GOVERNMENTS IN THE CIRCULAR FLOW, 45 FEDERAL GOVERNMENT EXPENDITURES AND REVENUE, 46 STATE AND LOCAL GOVERNMENT EXPENDITURES AND REVENUE, 47 CHECKPOINT 2.2 48 49 50 53 54 THE GLOBAL ECONOMY THE PEOPLE, 49 THE COUNTRIES, 49 WHAT IN THE GLOBAL ECONOMY? HOW IN THE GLOBAL ECONOMY? FOR WHOM IN THE GLOBAL ECONOMY? CHECKPOINT 2.3 56 CHAPTER SUMMARY 57 CHAPTER CHECKPOINT 58 * EYE ON THE PAST CHANGES IN WHAT WE PRODUCE, 36 * EYE ON THE U.S. ECONOMY CHANGES IN HOW WE PRODUCE IN THE NEW ECONOMY, 38 * EYE ON THE PAST GROWING GOVERNMENT, 48 3 EYE ON YOUR LIFE THE U.S. AND GLOBAL ECONOMIES IN YOUR LIFE, 56 CONTENTS CHAPTER 3 THE ECONOMIC PROBLEM 6I CHAPTER CHECKLIST 61 3.1 PRODUCTION POSSIBILITIES 62 PRODUCTION POSSIBILITIES FRONTIER, 62 CHECKPOINT 3.1 67 3.2 OPPORTUNITY COST 68 THE OPPORTUNITY COST OF A CELL PHONE, 68 INCREASING OPPORTUNITY COST, 69 SLOPE OF THE PPF AND OPPORTUNITY COST, 69 OPPORTUNITY COST IS A RATIO, 70 INCREASING OPPORTUNITY COSTS ARE EVERYWHERE, 70 CHECKPOINT 3.2 72 3.3 ECONOMIC GROWTH 73 CHECKPOINT 3.3 74 3.4 SPECIALIZATION AND TRADE 75 COMPARATIVE ADVANTAGE, 75 ACHIEVING GAINS FROM TRADE, 76 CHECKPOINT 3.4 78 CHAPTER SUMMARY 79 CHAPTER CHECKPOINT 80 * EYE ON YOUR LIFE YOUR PRODUCTION POSSIBILITIES FRONTIER, 66 * EYE ON THE U.S. ECONOMY GUNS VERSUS BUTTER, 71 * EYE ON THE GLOBAL ECONOMY HONG KONG S RAPID ECONOMIC GROWTH, 74 * EYE ON YOUR LIFE YOUR COMPARATIVE ADVANTAGE, 77 ^ CHAPTER 4 DEMAND AND SUPPLY 83 CHAPTER CHECKLIST 83 COMPETITIVE MARKETS 84 4.1 DEMAND 85 THE LAW OF DEMAND, 85 DEMAND SCHEDULE AND DEMAND CURVE, 85 INDIVIDUAL DEMAND AND MARKET DEMAND, 87 CHANGES IN DEMAND, 88 CHANGE IN QUANTITY DEMANDED VERSUS CHANGE IN DEMAND, 90 CHECKPOINT 4.1 91 4.2 SUPPLY 92 THE LAW OF SUPPLY, 92 SUPPLY SCHEDULE AND SUPPLY CURVE, 92 INDIVIDUAL SUPPLY AND MARKET SUPPLY, 94 CHANGES IN SUPPLY, 95 CHANGE IN QUANTITY SUPPLIED VERSUS CHANGE IN SUPPLY, 97 CHECKPOINT 4.2 98 4.3 MARKET EQUILIBRIUM 99 PRICE: A MARKET S AUTOMATIC REGULATOR, 99 PREDICTING PRICE CHANGES: THREE QUESTIONS, 100 EFFECTS OF CHANGES IN DEMAND, 101 EFFECTS OF CHANGES IN SUPPLY, 102 CHANGES IN BOTH DEMAND AND SUPPLY, 104 CHECKPOINT 4.3 106 CHAPTER SUMMARY 107 CHAPTER CHECKPOINT 108 * EYE ON THE GLOBAL ECONOMY A CHANGE IN THE DEMAND FOR ROSES, 103 * EYE ON THE GLOBAL ECONOMY A CHANGE IN THE SUPPLY OF FLAT PANEL TVS, 103 B EYE ON YOUR LIFE USING DEMAND AND SUPPLY, 105 CONTENTS PART 2 A CLOSER LOOK AT MARKETS N CHAPTER 5 ELASTICITIES OF DEMAND AND SUPPLY CHAPTER CHECKLIST 111 111 112 5.1 THE PRICE ELASTICITY OF DEMAND PERCENTAGE CHANGE IN PRICE, 112 PERCENTAGE CHANGE IN QUANTITY DEMANDED, 113 ELASTIC AND INELASTIC DEMAND, 114 INFLUENCES ON THE PRICE ELASTICITY OF DEMAND, 114 COMPUTING THE PRICE ELASTICITY OF DEMAND, 116 INTERPRETING THE PRICE ELASTICITY OF DEMAND NUMBER, 117 ELASTICITY ALONG A LINEAR DEMAND CURVE, 118 TOTAL REVENUE AND THE PRICE ELASTICITY OF DEMAND, 120 APPLICATIONS OF THE PRICE ELASTICITY OF DEMAND, 122 CHECKPOINT 5.1 123 5.2 THE PRICE ELASTICITY OF SUPPLY 124 ELASTIC AND INELASTIC SUPPLY, 124 INFLUENCES ON THE PRICE ELASTICITY OF SUPPLY, 124 COMPUTING THE PRICE ELASTICITY OF SUPPLY, 126 CHECKPOINT 5.2 128 5.3 CROSS ELASTICITY AND INCOME ELASTICITY 129 CROSS ELASTICITY OF DEMAND, 129 INCOME ELASTICITY OF DEMAND, 130 CHECKPOINT 5.3 132 CHAPTER SUMMARY 133 CHAPTER CHECKPOINT 134 * EYE ON THE GLOBAL ECONOMY PRICE ELASTICITIES OF DEMAND, 119 * EYE ON YOUR LIFE YOUR PRICE ELASTICITIES OF DEMAND, 121 * EYE ON THE GLOBAL ECONOMY INCOME ELASTICITIES OF DEMAND, 131 CHAPTER 6 EFFICIENCY AND FAIRNESS OF MARKETS 137 CHAPTER CHECKLIST 137 6.1 ALLOCATION METHODS AND EFFICIENCY 138 RESOURCE ALLOCATION METHODS, 138 USING RESOURCES EFFICIENTLY, 141 CHECKPOINT 6.1 145 6.2 VALUE, PRICE, AND CONSUMER SURPLUS 146 DEMAND AND MARGINAL BENEFIT, 146 CONSUMER SURPLUS, 147 CHECKPOINT 6.2 148 6.3 COST, PRICE, AND PRODUCER SURPLUS 149 SUPPLY AND MARGINAL COST, 149 PRODUCER SURPLUS, 150 CHECKPOINT 6.3 151 6.4 ARE MARKETS EFFICIENT? 152 MARGINAL BENEFIT EQUALS MARGINAL COST, 152 TOTAL SURPLUS IS MAXIMIZED, 153 THE INVISIBLE HAND, 153 UNDERPRODUCTION AND OVERPRODUCTION, 155 OBSTACLES TO EFFICIENCY, 156 ALTERNATIVES TO THE MARKET, 157 CHECKPOINT 6.4 158 6.5 ARE MARKETS FAIR? 159 IT S NOT FAIR IF THE RULES AREN T FAIR, 159 IT S NOT FAIR IF THE RESULT ISN T FAIR, 160 PRICE HIKE IN A NATURAL DISASTER: IS IT FAIR? 160 COMPROMISE, 161 CHECKPOINT 6.5 162 CHAPTER SUMMARY 163 CHAPTER CHECKPOINT 164 * EYE ON THE U.S. ECONOMY THE INVISIBLE HAND AND E-COMMERCE, 154 * EYE ON YOUR LIFE ALLOCATION METHODS, EFFICIENCY AND FAIRNESS, 161 CONTENTS PART 3 HOW GOVERNMENTS INFLUENCE THE ECONOMY 7.1 7.2 CHAPTER 7 MARKETS IN ACTION 167 CHAPTER CHECKLIST 167 PRICE CEILINGS 168 A RENT CEILING, 168 ARE RENT CEILINGS EFFICIENT? 172 ARE RENT CEILINGS FAIR? 173 IF RENT CEILINGS ARE SO BAD, WHY DO WE HAVE THEM? 173 CHECKPOINT 7.1 174 PRICE FLOORS 175 THE MINIMUM WAGE, 176 IS THE MINIMUM WAGE EFFICIENT? 178 IS THE MINIMUM WAGE FAIR? 179 IF THE MINIMUM WAGE IS SO BAD, WHY DO WE HAVE IT? 179 CHECKPOINT 7.2 180 PRICE SUPPORTS IN AGRICULTURE 181 HOW GOVERNMENTS INTERVENE IN MARKETS FOR FARM PRODUCTS, 181 PRICE SUPPORT: AN ILLUSTRATION, 181 CHECKPOINT 7.3 184 CHAPTER SUMMARY 185 CHAPTER CHECKPOINT 186 * EYE ON THE PAST AN EARTHQUAKE AND A RENT CEILING: A TALE OF TWO ERAS IN ONE CITY, 171 * EYE ON THE U.S. ECONOMY THE FEDERAL MINIMUM WAGE, 178 U EYE ON YOUR LIFE PRICE CEILINGS AND PRICE FLOORS, 183 7.3 N CHAPTER 8 TAXES 189 CHAPTER CHECKLIST 189 8.1 TAXES ON BUYERS AND SELLERS 190 TAX INCIDENCE, 190 TAXES AND EFFICIENCY, 191 INCIDENCE, INEFFICIENCY, AND ELASTICITY, 192 INCIDENCE, INEFFICIENCY, AND THE ELASTICITY OF DEMAND, 193 INCIDENCE, INEFFICIENCY, AND THE ELASTICITY OF SUPPLY, 194 CHECKPOINT 8.1 195 8.2 INCOME TAX AND SOCIAL SECURITY TAX 196 THE PERSONAL INCOME TAX, 196 THE EFFECTS OF THE INCOME TAX, 198 THE SOCIAL SECURITY TAX, 202 CHECKPOINT 8.2 205 8.3 FAIRNESS AND THE BIG TRADEOFF 206 THE BENEFITS PRINCIPLE, 206 THE ABILITY-TO-PAY PRINCIPLE, 206 THE MARRIAGE TAX PROBLEM, 207 THE BIG TRADEOFF, 208 CHECKPOINT 8.3 208 CHAPTER SUMMARY 209 CHAPTER CHECKPOINT 210 * EYE ON THE U.S. ECONOMY TAXES IN THE UNITED STATES TODAY, 196 * EYE ON THE U.S. ECONOMY PRESIDENT BUSH S TAX CUTS, 200 * EYE ON THE PAST THE ORIGINS AND HISTORY OF THE U.S. INCOME TAX, 204 * EYE ON YOUR LIFE TAX FREEDOM DAY, 204 S CHAPTER 9 GLOBAL MARKETS IN ACTION 213 CHAPTER CHECKLIST 213 9.1 HOW GLOBAL MARKETS WORK 214 INTERNATIONAL TRADE TODAY, 214 WHAT DRIVES INTERNATIONAL TRADE? 214 WHY THE UNITED STATES IMPORTS T-SHIRTS, 216 WHY THE UNITED STATES EXPORTS AIRPLANES, 217 CHECKPOINT 9.1 218 9.2 WINNERS, LOSERS, AND NET GAINS FROM TRADES 219 GAINS AND LOSSES FROM IMPORTS, 220 GAINS AND LOSSES FROM EXPORTS, 221 CHECKPOINT 9.2 222 CONTENTS XIII 9.3 INTERNATIONAL TRADE RESTRICTIONS 223 TARIFFS, 223 QUOTAS, 227 OTHER IMPORT BARRIERS, 229 EXPORT SUBSIDIES, 229 CHECKPOINT 9.3 230 9.4 THE CASE AGAINST PROTECTION 231 THREE TRADITIONAL ARGUMENTS FOR PROTECTION, 231 FOUR NEWER ARGUMENTS FOR PROTECTION, 233 WHY IS INTERNATIONAL TRADE RESTRICTED?, 234 CHECKPOINT 9.4 236 CHAPTER SUMMARY 237 CHAPTER CHECKPOINT 238 * EYE ON THE U.S. ECONOMY U.S. EXPORTS AND IMPORTS, 215 * EYE ON THE GLOBAL ECONOMY WINNERS AND LOSERS FROM GLOBALIZATION, 219 * EYE ON THE PAST THE HISTORY OF U.S. TARIFFS, 223 M EYE ON YOUR LIFE INTERNATIONAL TRADE, 235 CHAPTER 1 0 EXTERNALITIES 241 CHAPTER CHECKLIST 241 EXTERNALITIES IN OUR DAILY LIVES 242 NEGATIVE PRODUCTION EXTERNALITIES, 242 POSITIVE PRODUCTION EXTERNALITIES, 242 NEGATIVE CONSUMPTION EXTERNALITIES, 243 POSITIVE CONSUMPTION EXTERNALITIES, 243 10.1 NEGATIVE EXTERNALITIES: POLLUTION 244 PRIVATE COSTS AND SOCIAL COSTS, 244 PRODUCTION AND POLLUTION: HOW MUCH? 246 PROPERTY RIGHTS, 247 THE COASE THEOREM, 248 GOVERNMENT ACTIONS IN THE FACE OF EXTERNAL COSTS, 250 CHECKPOINT 10.1 253 10.2 POSITIVE EXTERNALITIES: KNOWLEDGE 254 PRIVATE BENEFITS AND SOCIAL BENEFITS, 254 GOVERNMENT ACTIONS IN THE FACE OF EXTERNAL BENEFITS, 256 CHECKPOINT 10.2 260 CHAPTER SUMMARY 261 CHAPTER CHECKPOINT 262 * EYE ON THE U.S. ECONOMY U.S. AIR POLLUTION TRENDS, 249 * EYE ON THE GLOBAL ECONOMY GLOBAL TEMPERATURE AND CO2 TRENDS, 249 * EYE ON THE GLOBAL ECONOMY A CARBON FUEL TAX?, 252 * EYE ON YOUR LIFE EXTERNALITIES IN YOUR LIFE, 252 S CHAPTER 1 1 PUBLIC GOODS AND COMMON RESOURCES 265 CHAPTER CHECKLIST 265 11.1 CLASSIFYING GOODS AND RESOURCES 266 EXCLUDABLE, 266 RIVAL, 266 A FOURFOLD CLASSIFICATION, 266 CHECKPOINT 11.1 268 11.2 PUBLIC GOODS AND THE FREE-RIDER PROBLEM 269 THE FREE-RIDER PROBLEM, 269 THE MARGINAL BENEFIT OF A PUBLIC GOOD, 270 THE MARGINAL COST OF A PUBLIC GOOD, 270 THE EFFICIENT QUANTITY OF A PUBLIC GOOD, 272 PRIVATE PROVISION: UNDERPRODUCTION, 272 PUBLIC PROVISION: EFFICIENT PRODUCTION, 273 PUBLIC PROVISION: OVERPRODUCTION, 274 CHECKPOINT 11.2 277 11.3 COMMON RESOURCES 278 THE TRAGEDY OF THE COMMONS, 278 THE EFFICIENT USE OF THE COMMONS, 280 ACHIEVING AN EFFICIENT OUTCOME, 282 CHECKPOINT 11.3 284 CHAPTER SUMMARY 285 CHAPTER CHECKPOINT 286 * EYE ON THE PAST IS A LIGHTHOUSE A PUBLIC GOOD? 268 * EYE ON THE PAST DEFENSE SPENDING, 274 H EYE ON YOUR LIFE A STUDENT S FREE-RIDER PROBLEM, 276 * EYE ON THE PAST THE COMMONS OF ENGLAND S MIDDLE AGES, 281 CONTENTS PART 4 A CLOSER LOOK AT DECISION MAKERS H CHAPTER 1 2 CONSUMER CHOICE AND DEMAND 289 CHAPTER CHECKLIST 289 CHAPTER 1 3 PRODUCTION AND COST CHAPTER CHECKLIST 319 319 13.1 290 293 303 12.1 CONSUMPTION POSSIBILITIES THE BUDGET LINE, 290 A CHANGE IN THE BUDGET, 291 CHANGES IN PRICES, 292 PRICES AND THE SLOPE OF THE BUDGET LINE, CHECKPOINT 12.1 295 12.2 MARGINAL UTILITY THEORY 296 UTILITY, 296 TOTAL UTILITY, 296 MARGINAL UTILITY, 297 MAXIMIZING TOTAL UTILITY, 300 FINDING AN INDIVIDUAL DEMAND CURVE, THE POWER OF MARGINAL ANALYSIS, 304 UNITS OF UTILITY, 304 CHECKPOINT 12.2 305 12.3 EFFICIENCY, PRICE, AND VALUE 306 CONSUMER EFFICIENCY, 306 THE PARADOX OF VALUE, 306 CHECKPOINT 12.3 307 CHAPTER SUMMARY 309 CHAPTER CHECKPOINT 310 APPENDIX: INDIFFERENCE CURVES 313 AN INDIFFERENCE CURVE, 313 MARGINAL RATE OF SUBSTITUTION, 314 CONSUMER EQUILIBRIUM, 315 DERIVING THE DEMAND CURVE, 316 APPENDIX CHECKPOINT 318 * EYE ON THE U.S. ECONOMY RELATIVE PRICES ON THE MOVE, 294 * EYE ON THE PAST JEREMY BENTHAM, WILLIAM STANLEY JEVONS, AND THE BIRTH OF UTILITY, 298 * EYE ON THE U.S. ECONOMY MAXIMIZING UTILITY IN BEVERAGE MARKETS, 308 * EYE ON YOUR LIFE DO YOU MAXIMIZE YOUR UTILITY? 308 ECONOMIC COST AND PROFIT 320 THE FIRM S GOAL, 320 ACCOUNTING COST AND PROFIT, 320 OPPORTUNITY COST, 320 ECONOMIC PROFIT, 321 CHECKPOINT 13.1 323 SHORT RUN AND LONG RUN 324 13.2 SHORT-RUN PRODUCTION 325 TOTAL PRODUCT, 325 MARGINAL PRODUCT, 326 AVERAGE PRODUCT, 328 CHECKPOINT 13.2 330 13.3 331 SHORT-RUN COST TOTAL COST, 331 MARGINAL COST, 332 AVERAGE COST, 333 WHY THE AVERAGE TOTAL COST CURVE IS U-SHAPED, COST CURVES AND PRODUCT CURVES, 336 SHIFTS IN THE COST CURVES, 336 CHECKPOINT 13.3 338 13.4 LONG-RUN COST 339 PLANT SIZE AND COST, 339 THE LONG-RUN AVERAGE COST CURVE, 340 CHECKPOINT 13.4 342 CHAPTER SUMMARY 343 CHAPTER CHECKPOINT 344 * EYE ON YOUR LIFE YOUR AVERAGE AND MARGINAL GRADES, 329 * EYE ON THE U.S. ECONOMY THE ATM AND THE COST OF GETTING CASH, 341 335 CONTENTS PART 5 PRICES, PROFITS, AND INDUSTRY PERFORMANCE N CHAPTER 1 4 MM CHAPTER 1 5 PERFECT COMPETITION 347 SS MONOPOLY 375 CHAPTER CHECKLIST 347 CHAPTER CHECKLIST 375 MARKET TYPES 348 PERFECT COMPETITION, 348 OTHER MARKET TYPES, 348 14.1 A FIRM S PROFIT MAXIMIZING CHOICES 349 PRICE TAKER, 349 REVENUE CONCEPTS, 349 PROFIT-MAXIMIZING OUTPUT, 350 MARGINAL ANALYSIS AND THE SUPPLY DECISION, 352 TEMPORARY SHUTDOWN DECISION, 353 THE FIRM S SHORT-RUN SUPPLY CURVE, 354 CHECKPOINT 14.1 356 14.2 OUTPUT, PRICE, AND PROFIT IN THE SHORT RUN 357 MARKET SUPPLY IN THE SHORT RUN, 357 SHORT-RUN EQUILIBRIUM IN NORMAL TIMES, 358 SHORT-RUN EQUILIBRIUM IN GOOD TIMES, 359 SHORT-RUN EQUILIBRIUM IN BAD TIMES, 360 CHECKPOINT 14.2 361 14.3 OUTPUT, PRICE, AND PROFIT IN THE LONG RUN 362 ENTRY AND EXIT, 363 CHANGE IN DEMAND, 366 TECHNOLOGICAL CHANGE, 366 IS PERFECT COMPETITION EFFICIENT? 368 IS PERFECT COMPETITION FAIR? 369 CHECKPOINT 14.3 37 0 CHAPTER SUMMARY 371 CHAPTER CHECKPOINT 372 * EYE ON THE U.S. ECONOMY ENTRY IN PERSONAL COMPUTERS, EXIT IN FARM MACHINES, 365 * EYE ON THE GLOBAL ECONOMY THE NORTH AMERICAN MARKET IN MAPLE SYRUP, * EYE ON YOUR LIFE THE PERFECT COMPETITION THAT YOU ENCOUNTER, 15.1 MONOPOLY AND HOW IT ARISES 376 HOW MONOPOLY ARISES, 376 MONOPOLY PRICE-SETTING STRATEGIES, 378 CHECKPOINT 15.1 379 15.2 SINGLE-PRICE MONOPOLY 380 PRICE AND MARGINAL REVENUE, 380 MARGINAL REVENUE AND ELASTICITY, 381 OUTPUT AND PRICE DECISION, 382 CHECKPOINT 15.2 384 15.3 MONOPOLY AND COMPETITION COMPARED 385 OUTPUT AND PRICE, 385 IS MONOPOLY EFFICIENT? 386 IS MONOPOLY FAIR? 387 RENT SEEKING, 388 CHECKPOINT 15.3 389 15.4 PRICE DISCRIMINATION 390 PRICE DISCRIMINATION AND CONSUMER SURPLUS, PROFITING BY PRICE DISCRIMINATING, 391 PERFECT PRICE DISCRIMINATION, 392 PRICE DISCRIMINATION AND EFFICIENCY, 394 CHECKPOINT 15.4 395 15.5 MONOPOLY REGULATION 396 EFFICIENT REGULATION OF A NATURAL MONOPOLY, SECOND-BEST REGULATION OF A NATURAL MONOPOLY, 399 CHECKPOINT 15.5 402 CHAPTER SUMMARY 403 CHAPTER CHECKPOINT 404 * EYE ON THE U.S. ECONOMY AIRLINE PRICE DISCRIMINATION, 394 * EYE ON THE U.S. ECONOMY 367 REGULATORY ROLLER COASTER, 396 B EYE ON YOUR LIFE 369 MONOPOLY IN YOUR EVERYDAY LIFE, 397 * EYE ON THE U.S. ECONOMY AIRLINE DEREGULATION, 400 390 397 XVI CONTENTS CHAPTER 1 6 MONOPOLISTIC COMPETITION 407 CHAPTER CHECKLIST 407 16.1 WHAT IS MONOPOLISTIC COMPETITION? 408 LARGE NUMBER OF FIRMS, 408 PRODUCT DIFFERENTIATION, 408 COMPETING ON QUALITY, PRICE, AND MARKETING, 408 ENTRY AND EXIT, 409 IDENTIFYING MONOPOLISTIC COMPETITION, 409 CHECKPOINT 16.1 413 16.2 OUTPUT AND PRICE DECISIONS 414 THE FIRM S PROFIT-MAXIMIZING DECISION, 414 PROFIT MAXIMIZING MIGHT BE LOSS MINIMIZING, 415 LONG RUN: ZERO ECONOMIC PROFIT, 416 MONOPOLISTIC COMPETITION AND PERFECT COMPETITION, 417 IS MONOPOLISTIC COMPETITION EFFICIENT? 418 CHECKPOINT 16.2 419 16.3 PRODUCT DEVELOPMENT AND MARKETING 420 INNOVATION AND PRODUCT DEVELOPMENT, 420 ADVERTISING, 421 SELLING COSTS AND TOTAL COSTS, 422 USING ADVERTISING TO SIGNAL QUALITY, 424 BRAND NAMES, 425 EFFICIENCY OF ADVERTISING AND BRAND NAMES, 425 CHECKPOINT 16.3 426 CHAPTER SUMMARY 427 CHAPTER CHECKPOINT 428 * EYE ON THE U.S. ECONOMY EXAMPLES OF MONOPOLISTIC COMPETITION, 412 * EYE ON THE U.S. ECONOMY HOW MUCH IS SPENT ON ADVERTISING? 421 B EYE ON YOUR LIFE SOME SELLING COSTS YOU PAY, 424 CHAPTER 1 7 OLIGOPOLY 431 CHAPTER CHECKLIST 431 17.1 WHAT IS OLIGOPOLY? 432 SMALL NUMBER OF FIRMS, 432 BARRIERS TO ENTRY, 432 IDENTIFYING OLIGOPOLY, 434 CHECKPOINT 17.1 435 17.2 THE OLIGOPOLIST S DILEMMA 436 MONOPOLY OUTCOME, 436 PERFECT COMPETITION OUTCOME, 437 OTHER POSSIBLE CARTEL BREAKDOWNS, 437 THE OLIGOPOLY CARTEL DILEMMA, 438 CHECKPOINT 17.2 440 17.3 GAME THEORY 441 WHAT IS A GAME? 441 THE PRISONERS DILEMMA, 441 THE DUOPOLIST S DILEMMA, 443 ADVERTISING AND RESEARCH GAMES IN OLIGOPOLY, REPEATED GAMES, 446 IS OLIGOPOLY EFFICIENT? 446 CHECKPOINT 17.3 448 17.4 ANTITRUST LAW 449 THE ANTITRUST LAWS, 449 THREE ANTITRUST POLICY DEBATES, 449 MERGER RULES, 452 CHECKPOINT 17.4 45 4 CHAPTER SUMMARY 455 CHAPTER CHECKPOINT 456 * EYE ON THE U.S. ECONOMY EXAMPLES OF OLIGOPOLY, 433 * EYE ON THE GLOBAL ECONOMY THE OPEC GLOBAL OIL CARTEL, 439 * EYE ON YOUR LIFE A GAME YOU MIGHT PLAY, 447 * EYE ON THE GLOBAL ECONOMY DUOPOLY IN CPUS, 447 * EYE ON THE U.S. ECONOMY NO SODA MERGER, 453 444 CONTENTS XVII PART 6 INCOMES, UNCERTAINTY, AND INEQUALITY 18.1 18.2 CHAPTER 1 8 MARKETS FOR FACTORS OF PRODUCTION 459 CHAPTER CHECKLIST 459 THE ANATOMY OF FACTOR MARKETS 460 THE DEMAND FOR A FACTOR OF PRODUCTION 461 VALUE OF MARGINAL PRODUCT, 461 A FIRM S DEMAND FOR LABOR, 462 A FIRM S DEMAND FOR LABOR CURVE, 463 CHANGES IN THE DEMAND FOR LABOR, 464 CHECKPOINT 18.1 465 LABOR MARKETS 466 THE SUPPLY OF LABOR, 466 INFLUENCES ON THE SUPPLY OF LABOR, 467 COMPETITIVE LABOR MARKET EQUILIBRIUM, 468 LABOR UNIONS, 470 CHECKPOINT 18.2 472 18.3 CAPITAL AND NATURAL RESOURCE MARKETS 473 CAPITAL MARKETS, 473 LAND MARKETS, 474 NONRENEWABLE NATURAL RESOURCE MARKETS, 475 CHECKPOINT 18.3 478 CHAPTER SUMMARY 479 CHAPTER CHECKPOINT 480 * EYE ON THE U.S. ECONOMY REALLOCATING LABOR, 469 * EYE ON YOUR LIFE JOB CHOICE AND INCOME PROSPECTS, 475 * EYE ON THE GLOBAL ECONOMY OIL AND METAL PRICES, 476 19.1 CHAPTER 1 9 UNCERTAINTY AND INFORMATION 483 CHAPTER CHECKLIST 483 DECISIONS IN THE FACE OF UNCERTAINTY 484 EXPECTED WEALTH, 484 RISK AVERSION, 484 UTILITY OF WEALTH, 485 EXPECTED UTILITY, 486 MAKING A CHOICE WITH UNCERTAINTY, 487 CHECKPOINT 19.1 488 19.2 BUYING AND SELLING RISK 489 INSURANCE MARKETS, 489 A GRAPHICAL ANALYSIS OF INSURANCE, CHECKPOINT 19.2 493 491 19.3 PRIVATE INFORMATION 494 ASYMMETRIC INFORMATION: EXAMPLES AND PROBLEMS, 494 THE MARKET FOR USED CARS, 495 THE MARKET FOR LOANS, 498 THE MARKET FOR INSURANCE, 501 CHECKPOINT 19.3 502 CHAPTER SUMMARY 503 CHAPTER CHECKPOINT 504 * EYE ON THE U.S. ECONOMY INSURANCE IN THE UNITED STATES 490 * EYE ON THE U.S. ECONOMY THE SUB-PRIME MORTGAGE CRISIS AND THE 2007 HOUSING CREDIT CRUNCH, 499 B EYE ON YOUR LIFE SIGNALING YOUR ABILITY, 501 XVIII CONTENTS CHAPTER 20 INEQUALITY AND POVERTY 507 CHAPTER CHECKLIST 507 20.1 ECONOMIC INEQUALITY IN THE UNITED STATES 508 LORENZ CURVES, 508 INEQUALITY OVER TIME, 509 ECONOMIC MOBILITY, 510 WHO ARE THE RICH AND THE POOR? 512 POVERTY, 513 CHECKPOINT 20.1 515 20.2 HOW INEQUALITY AND POVERTY ARISE 516 HUMAN CAPITAL, 516 DISCRIMINATION, 519 FINANCIAL AND PHYSICAL CAPITAL, 520 ENTREPRENEURIAL ABILITY, 520 PERSONAL AND FAMILY CHARACTERISTICS, 520 CHECKPOINT 20.2 521 20.3 INCOME REDISTRIBUTION 522 HOW GOVERNMENTS REDISTRIBUTE INCOME, THE SCALE OF INCOME REDISTRIBUTION, 523 WHY WE REDISTRIBUTE INCOME, 525 THE MAJOR WELFARE CHALLENGE, 526 CHECKPOINT 20.3 528 CHAPTER SUMMARY 529 CHAPTER CHECKPOINT 530 * EYE ON THE GLOBAL ECONOMY GLOBAL INEQUALITY, 510 * EYE ON THE U.S. ECONOMY DOES EDUCATION PAY? 518 * EYE ON THE U.S. ECONOMY SEX AND RACE EARNINGS DIFFERENCES, 519 M EYE ON YOUR LIFE WHAT YOU PAY AND GAIN THROUGH REDISTRIBUTION, GLOSSARY G-L INDEX 1-1 CREDITS C-L 527 522
any_adam_object	1
author	Bade, Robin Parkin, Michael 1939-
author_GND	(DE-588)132243555
author_facet	Bade, Robin Parkin, Michael 1939-
author_role	aut aut
author_sort	Bade, Robin
author_variant	r b rb m p mp
building	Verbundindex
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classification_rvk	QC 100
ctrlnum	(OCoLC)796904504 (DE-599)BVBBV023366642
discipline	Wirtschaftswissenschaften
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genre_facet	Lehrbuch
id	DE-604.BV023366642
illustrated	Illustrated
indexdate	2024-12-20T13:14:38Z
institution	BVB
isbn	0321522508 9780321556127
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-016549985
oclc_num	796904504
open_access_boolean
owner	DE-703 DE-634
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physical	Getr. Zählung zahlr. Ill. und graph. Darst.
publishDate	2009
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publisher	Pearson, Addison Wesley
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spellingShingle	Bade, Robin Parkin, Michael 1939- Foundations of microeconomics Mikroökonomie (DE-588)4039225-9 gnd
subject_GND	(DE-588)4039225-9 (DE-588)4123623-3
title	Foundations of microeconomics
title_alt	Microeconomics
title_auth	Foundations of microeconomics
title_exact_search	Foundations of microeconomics
title_full	Foundations of microeconomics Robin Bade ; Michael Parkin
title_fullStr	Foundations of microeconomics Robin Bade ; Michael Parkin
title_full_unstemmed	Foundations of microeconomics Robin Bade ; Michael Parkin
title_short	Foundations of microeconomics
title_sort	foundations of microeconomics
topic	Mikroökonomie (DE-588)4039225-9 gnd
topic_facet	Mikroökonomie Lehrbuch
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016549985&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
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