Microeconomics / Roger A. Arnold.

Includes index.

AN INTRODUCTION TO ECONOMICS.Part I: ECONOMICS: THE SCIENCE OF SCARCITY.1. What Economics Is About.Appendix A Working with Diagrams.Appendix B Should You Major in Economics? 2. Production Possibilities Frontier Framework.3. Supply and Demand: Theory.4. Prices: Free, Controlled, and Relative.5. Supply, Demand, and Price: Applications.MICROECONOMICS.Part II: MICROECONOMIC FUNDAMENTALS.6. Elasticity.7. Consumer Choice: Maximizing Utility and Behavioral Economics.Appendix C Budget Constraint and Indifference Curve Analysis.8. Production and Costs.Part III: PRODUCT MARKETS AND POLICIES.9. Perfect Competition.10. Monopoly.11. Monopolistic Competition, Oligopoly, and Game Theory.12. Government and Product Markets: Antitrust and Regulation.Part IV: FACTOR MARKETS AND RELATED ISSUES.13. Factor Markets: With Emphasis on the Labor Market.14. Wages, Union, and Labor.15. The Distribution of Income and Poverty.16. Interest, Rent, and Profit.Part V: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS.17. Market Failure: Externalities, Public Goods, and Asymmetric Information.18. Public Choice and Special-Interest-Group Politics.Part VI: ECONOMICS THEORY-BUILDING AND EVERYDAY LIFE.19. Building Theories to Explain Everyday Life: From Observations to Questions to Theories to Predictions.THE GLOBAL ECONOMY.Part VII: INTERNATIONAL ECONOMICS AND GLOBALIZATION.20. International Trade.21. International Finance.WEB CHAPTERS.22. The Economic Case For and Against Government: Five Topics Considered.23. Stocks, Bonds, Futures, and Options.24. Agriculture: Problems, Policies, and Unintended Effects.

Ever wonder why you have the number of friends that you do? Would a tax on soda really reduce obesity? What is going on with the financial problems in Greece? Is a tax rebate is better than a tax bonus? This book deals with these questions.