Microeconomics Theory and Applications with Calculus 5th edition by Jeffrey Perloff ISBN 9780135183977 0135183979

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ISBN 10: 0135183979
ISBN 13: 9780135183977

Author: Jeffrey Perloff

Microeconomics: Theory and Applications with Calculus

Microeconomics Theory and Applications with Calculus 5th Table of contents:

1. Introduction

• Microeconomics: The Allocation of Scarce Resources
• Models
• Uses of Microeconomic Models in Your Life and Career

2. Supply and Demand

• Demand
• Supply
• Market Equilibrium
• Elasticities
• Effects of a Sales Tax
• Quantity Supplied Need Not Equal Quantity Demanded

3. A Consumer’s Constrained Choice

• Preferences
• Utility
• Budget Constraint
• Behavioral Economics

4. Demand

• Deriving Demand Curves
• Effects of an Increase in Income
• Effects of a Price Increase
• Cost-of-Living Adjustment
• Revealed Preference

5. Consumer Welfare and Policy Analysis

• Uncompensated Consumer Welfare
• Compensated Consumer Welfare
• Effects of Government Policies on Consumer Welfare
• Deriving Labor Supply Curves

6. Firms and Production

• The Ownership and Management of Firms
• Production
• Short-Run Production
• Long-Run Production
• Returns to Scale
• Productivity and Technical Change

7. Costs

• Measuring Costs
• Short-Run Costs
• Long-Run Costs
• Lower Costs in the Long Run
• Cost of Producing Multiple Goods

8. Competitive Firms and Markets

• Perfect Competition
• Profit Maximization
• Competition in the Short Run
• Competition in the Long Run

9. Properties and Applications of the Competitive Model

• Zero Profit for Competitive Firms in the Long Run
• Producer Surplus
• Competition Maximizes Welfare
• Policies That Shift Supply or Demand Curves

10. General Equilibrium and Economic Welfare

• General Equilibrium
• Trading Between Two People
• Competitive Exchange
• Production and Trading
• Efficiency and Equity

11. Monopoly and Monopsony

• Monopoly Profit Maximization
• Market Power and Welfare
• Taxes and Monopoly
• Causes of Monopolies
• Government Actions That Reduce Market Power
• Internet Monopolies

12. Pricing and Advertising

• Conditions for Price Discrimination
• Perfect Price Discrimination
• Group Price Discrimination
• Nonlinear Price Discrimination
• Two-Part Pricing
• Tie-In Sales
• Advertising

13. Game Theory

• Static Games
• Repeated Dynamic Games
• Sequential Game
• Auctions
• Behavioral Game Theory

14. Oligopoly and Monopolistic Competition

• Market Structures
• Cartels
• Cournot Oligopoly Model
• Stackelberg Oligopoly Model
• Bertrand Oligopoly Model
• Monopolistic Competition

15. Factor Markets

• Factor Markets
• Capital Markets and Investing
• Exhaustible Resources

16. Uncertainty

• Assessing Risk
• Attitudes Toward Risk
• Reducing Risk
• Investing Under Uncertainty
• Behavioral Economics and Uncertainty

17. Public Goods and Externalities

• Public Goods
  • Characteristics of Public Goods
  • Provision of Public Goods
• Externalities
  • Positive Externalities
  • Negative Externalities
  • Correcting Market Failures with Policy
• Government Solutions to Externalities
  • Taxes and Subsidies
  • Tradable Permits
  • Regulation

18. Behavioral Economics

• Introduction to Behavioral Economics
  • Decision Making Biases
  • Prospect Theory
  • Time Inconsistency
• Behavioral vs. Standard Economic Models
• Applications of Behavioral Economics
  • Nudging
  • Behavioral Public Policy

19. Income Distribution

• Measuring Income Inequality
  • Gini Coefficient
  • Lorenz Curve
• Causes of Income Inequality
• Government Policies to Address Inequality
  • Taxes and Transfers
  • Universal Basic Income
  • Education and Job Training

20. International Trade

• Comparative Advantage
• Benefits of Trade
  • Gains from Trade
  • Trade and Economic Growth
• Trade Barriers
  • Tariffs
  • Quotas
  • Subsidies
• Trade Agreements and Globalization
  • WTO and Regional Trade Agreements
  • Free Trade vs. Protectionism

21. Macroeconomic Overview

• Key Economic Indicators
  • GDP
  • Inflation
  • Unemployment
• Economic Growth
• Business Cycles
• Government Fiscal Policy
• Monetary Policy

22. Government and Market Failures

• Government Intervention in Markets
  • When is Government Intervention Necessary?
  • Public vs. Private Goods
  • Market Failures and Policy Solutions
• Price Controls
  • Price Floors and Price Ceilings
• Government Regulation

23. Economic Development

• Indicators of Development
• Growth vs. Development
• Human Development Index (HDI)
• Policies to Promote Development
• Foreign Aid and Debt

24. Environmental Economics

• Environmental Externalities
• Sustainability and Economic Growth
• Climate Change Economics
  • Carbon Pricing
  • Renewable Energy Incentives
• Policies for Environmental Protection
  • Cap-and-Trade Systems
  • Environmental Regulation
• Green Markets and Innovation

25. Labor Economics

• Labor Supply and Demand
• Wage Determination
• Labor Market Discrimination
• Minimum Wage
• Labor Unions and Collective Bargaining
• Immigration and the Labor Market

26. Health Economics

• Healthcare Markets
• The Role of Government in Healthcare
• Insurance and Risk Pooling
• Health Inequality
• Public Health Interventions

27. Financial Markets and Institutions

• The Role of Financial Markets
• Stocks, Bonds, and Financial Instruments
• Financial Institutions and Intermediaries
• Banking Systems and Monetary Policy
• International Financial Markets

28. Economic Policy Debates

• Globalization and Its Effects
• The Role of Government in the Economy
• Universal Basic Income Debate
• The Future of Work: Automation and Artificial Intelligence
• Environmental vs. Economic Growth
• Trade Wars and Protectionism

29. Conclusion

• The Role of Microeconomics in Society
• Applications of Economic Theory to Real-Life Problems
• The Evolution of Economic Thought
• The Future of Economics

30. Economic Systems

• Types of Economic Systems
  • Market Economy (Capitalism)
  • Command Economy (Socialism)
  • Mixed Economy (Combination of Market and Command)
• Advantages and Disadvantages of Each System
• Government’s Role in Mixed Economies
• Economic Systems and Globalization
• Transitioning Between Economic Systems

31. Capital Markets and Investment

• The Role of Capital Markets in the Economy
  • Stock Markets
  • Bond Markets
  • Mutual Funds and ETFs
• Risk and Return in Investment
• Investment Strategies
  • Diversification
  • Asset Allocation
  • Behavioral Investing
• The Role of Central Banks in Capital Markets

32. Public Finance and Taxation

• Principles of Taxation
  • Equity and Efficiency in Taxation
  • Types of Taxes
    • Income Tax
    • Consumption Taxes (Sales Tax, VAT)
    • Property Taxes
  • Tax Policy and Economic Growth
• Government Spending and Budget Deficits
• The Role of Debt and Deficit Financing
  • National Debt
  • Fiscal Sustainability
• Tax Reform and Global Comparisons

33. Technology and Innovation Economics

• The Role of Technology in Economic Growth
  • Technological Change and Productivity
  • Innovation Ecosystems
• Disruptive Technologies
  • Artificial Intelligence
  • Blockchain
  • Biotechnology
• Intellectual Property Rights and Innovation
• Technology and Employment: The Future of Work
• Policy Responses to Technological Advancements

34. Cultural and Social Factors in Economics

• The Impact of Culture on Economic Behavior
• Social Capital and Economic Performance
• Gender and Economics
  • Gender Wage Gap
  • Women in the Workforce
• Race, Ethnicity, and Economic Outcomes
• Economic Sociology and Social Networks

35. Urban and Regional Economics

• Economic Development in Cities and Regions
  • Urbanization and Economic Growth
  • Regional Disparities in Income and Development
• The Role of Infrastructure in Economic Growth
  • Transport, Communication, and Energy Networks
• Housing Markets and Urban Planning
• Migration and Regional Labor Markets
• The Economics of Smart Cities

36. Corporate and Managerial Economics

• Microeconomics in Business Decision Making
• Pricing Strategies and Market Structure
  • Monopoly, Oligopoly, and Perfect Competition
• Cost Structures and Profit Maximization
• Behavioral Economics in Corporate Strategy
• Corporate Governance and Ethics
• Business Cycles and Business Strategy
• Innovation and Strategic Investment

37. Financial Crises and Economic Stability

• The Causes of Financial Crises
  • Asset Bubbles and Speculation
  • Bank Runs and Liquidity Crises
  • Systemic Risk and “Too Big to Fail”
• Historical Financial Crises
  • The Great Depression
  • The 2008 Global Financial Crisis
• Crisis Management and Policy Responses
  • Bailouts and Stimulus Programs
  • Regulation and Financial Oversight
• Preventing Future Crises: Financial Regulation Reforms

38. Environmental Economics (Continued)

• Natural Resource Economics
  • Renewable vs. Nonrenewable Resources
  • Managing Common-Pool Resources
• Valuing Environmental Goods and Services
  • Contingent Valuation Method
  • Cost-Benefit Analysis for Environmental Policy
• The Economics of Biodiversity and Conservation
• Environmental Justice and Equity
  • Impacts on Developing Countries
  • Intergenerational Equity
• Environmental Policy in a Global Economy
  • Global Environmental Agreements (Paris Agreement, etc.)
  • Climate Change Mitigation Strategies

39. Future Trends in Economics

• The Impact of Artificial Intelligence on Economic Models
• Changing Demographics and Labor Markets
  • Aging Populations in Developed Countries
  • Youth Unemployment in Developing Economies
• The Shift to a Green Economy
  • Decarbonization and Green Technologies
  • Sustainable Economic Development
• The Gig Economy and Freelance Work
  • Technology’s Role in the Gig Economy
  • Implications for Labor Markets and Policies
• The Globalization of Markets and Capital
  • Trends in Trade and Investment
  • Cross-border Policy Coordination

40. Ethics and Economics

• The Ethical Foundation of Economic Decisions
  • Social Responsibility of Businesses
  • The Role of Ethics in Public Policy
• Economic Inequality and Moral Questions
• Environmental Ethics and Sustainability
• Fair Trade and Global Justice
• Economic Decision-Making and Moral Risk

41. Conclusion: The Future of Economics

• Evolving Economic Challenges
  • Technological Disruption
  • Climate Change
  • Global Inequality
• The Role of Economists in Shaping Public Policy
• Interdisciplinary Approaches to Economic Issues
• The Importance of Sustainable Development
• Economic Education for the Future

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