Test Bank for Modern Principles: Microeconomics Fourth Edition

Instant download Test Bank for Modern Principles: Microeconomics Fourth Edition pdf docx epub after payment.

Product details:

• ISBN-10 ‏ : ‎ 1319098762
• ISBN-13 ‏ : ‎ 978-1319098766
• Author: Tyler Cowen; Alex Tabarrok

The title, Modern Principles, refers to a progressive approach to economic modeling and applications that allows for more realistic interpretation of today’s world events.

Mirroring the authors’ successful blog, the text eschews boxed features to focus on the writing behind compelling examples, key concepts, and applications.

An emphasis on incentives underscores how economics is about human behavior and how economics helps us understand why we do what we do (in other words, the decisions we make in the face of incentives in the real world). Covers of the franchise titles feature multiple hands to emphasize the power of the Invisible Hand, a key economic concept that refers to the power of incentives (and was coined by Adam Smith).

 

Table of contents:

1. The Big Ideas

2. The Power of Trade and Comparative Advantage

Part 1: Supply and Demand

3. Supply and Demand

4. Equilibrium: How Supply and Demand Determine Prices

5. Elasticity and Its Applications

Appendix: Other Types of Elasticities

6. Taxes and Subsidies

Part 2: The Price System

7. The Price System: Signals, Speculation, and Prediction

8. Price Ceilings and Floors

9. International Trade

10. Externalities: When the Price Is Not Right

Part 3: Firms and Factor Markets

11. Costs and Profit Maximization Under Competition

Appendix: Using Excel to Graph Cost Curves

12. Competition and the Invisible Hand

13. Monopoly

14. Price Discrimination and Pricing Strategy

Appendix: Solving PRice Discrimination Problems with Excel (Advanced Section)

15. Oligopoly and Game Theory

Appendix: Nash Equilibrium

16. Competing for Monopoly: The Economics of Network Goods

17. Monopolistic Competition and Advertising

18. Labor Markets

Part 4: Government

19. Public Goods and the Tragedy of the Commons

Appendix: The Tragedy of the Commons: How Fast?

20. Political Economy and Public Choice

21. Economics, Ethics, and Public Policy

Part 5: Decision Making for Businesses, Investors, and Consumers

22. Managing Incentives

23. Stock Markets and Personal Finance

24. Asymmetric Information: Moral Hazard and Adverse Selection

25. Consumer Choice

Appendix A: Reading Graphs and Making Graphs

Appendix B: Solutions to Check Yourself Questions.

Glossary

References

Index

People also search:

Modern Principles: Microeconomics Fourth Edition

Modern Principles: Microeconomics Fourth Edition pdf

Modern Principles: Microeconomics

achieve for modern principles microeconomics

what are the principles of microeconomics

what are the basic principles of microeconomics