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Bibliographic Details
Title:	Microeconomics
From:	N. Gregory Mankiw ; Mark P. Taylor
Person:	Mankiw, Nicholas Gregory 1958- Verfasser aut Taylor, Mark P.
Main Authors:	Mankiw, Nicholas Gregory 1958- (Author), Taylor, Mark P. 1958- (Author)
Format:	Book
Language:	English
Published:	Andover Cengage Learning 2014
Edition:	3. ed.
Subjects:	Mikroökonomie Lehrbuch
Online Access:	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027402617&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Item Description:	Includes index.
Physical Description:	IX, 447 S. Ill., graph. Darst.
ISBN:	9781408081983

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adam_text	About the authors vii Preface viii Acknowledgements ix PARTI Introduction to economics ι 1 Ten principles of economics 1 2 Thinking like an economist 17 PART 2 Supply and demand: How markets work 41 3 The market forces of supply and demand 41 4 Elasticity and its applications 72 5 Background to demand: The theory of consumer choice 102 6 Background to supply: Firms in competitive markets 134 PART3 Markets, efficiency and welfare 169 7 Consumers, producers and the efficiency of markets 169 8 Supply, demand and government policies 187 PART 4 The economics of the public Sector 203 9 The tax system and the costs of taxation 203 PART 5 Inefficient market allocations 221 10 Public goods, common resources and merit goods 221 11 Externalities and market failure 239 12 Information and behavioural economics 264 PART б Firm behaviour and market structures 27g 13 Firms production decisions 279 14 Market structures I: Monopoly 290 15 Market structures II: Monopolistic competition 314 16 Market structures III: Oligopoly 329 PART 7 Factor markets 355 17 The economics of labour markets 355 PART 8 Inequality 385 18 Income inequality and poverty 385 PART 9 Trade 405 19 Interdependence and the gains from trade 405 About the authors vii Preface viii Acknowledgements ix PART1 INTRODUCTION TO ECONOMICS 1 Ten principles of economics 1 What is economics? 1 How people make decisions 2 How people interact 6 How the economy as a whole works 8 Conclusion 12 2 Thinking like an economist 17 Introduction 17 The economist as scientist 17 The economist as policy advisor 23 Why economists disagree 24 Let s get going 28 Appendix Graphing and the tools of economics: A brief review 30 PART 2 SUPPLY AND DEMAND: HOW MARKETS WORK 3 The market forces of supply and demand 41 Markets and competition 41 Demand 43 Supply 50 Supply and demand together 56 Conclusion: How prices allocate resources 67 4 Elasticity and its applications 72 The price elasticity of demand 72 Other demand elasticities 81 Price elasticity of supply 83 Applications of supply and demand elasticity 95 5 Background to demand: The theory of consumer choice 102 The standard economic model 102 The budget constraint: What the consumer can afford 104 Preferences: What the consumer wants 108 Optimization: What the consumer chooses 113 Summary: Do people really think this way? 126 Behavioural approaches to consumer behaviour 126 6 Background to supply: Firms in competitive markets 134 The costs of production 134 Production and costs 135 The various measures of cost 138 Costs in the short run and in the long run 145 Summary 146 Returns to scale 147 What is a competitive market? 150 Profit maximization and the competitive firm s supply curve 153 The supply curve in a competitive market 160 Conclusion: Behind the supply curve 164 PART3 MARKETS, EFFICIENCY AND WELFARE 7 Consumers, producers and the efficiency of markets 169 Consumer surplus 170 Producer surplus 176 Market efficiency 179 Conclusion: Market efficiency and market failure 183 IV CONTENTS v 8 Supply, demand and government policies 187 Controls on prices 187 Taxes 192 Subsidies 198 Conclusion 199 12 Information and behavioural economics 264 Principal and agent 264 Asymmetric information 265 Deviations from the standard economic model 271 Conclusion 274 PART 4 THE ECONOMICS OF THE PUBLIC SECTOR 9 The tax system and the costs of taxation 203 Taxes and efficiency 203 The deadweight loss of taxation 204 Administrative burden 210 The design of the tax system 211 Taxes and equity 214 Conclusion 216 PART 5 INEFFICIENT MARKET ALLOCATIONS 10 Public goods, common resources and merit goods 221 The different kinds of goods 222 Public goods 223 Common resources 230 Merit goods 232 Conclusion 234 11 Externalities and market failure 239 Externalities 239 Externalities and market inefficiency 240 Private solutions to externalities 24Д Public policies towards externalities 248 Public/private policies towards externalities 251 Government failure 254 Conclusion 260 PART 6 FIRM BEHAVIOUR AND MARKET STRUCTURES 13 Firms production decisions 279 Isoquants and ¡socosts 279 The least-cost input combination 284 Conclusion 286 14 Market structures I: Monopoly 290 Imperfect competition 290 Why monopolies arise 291 How monopolies make production and pricing decisions 294 The welfare cost of monopoly 300 Price discrimination 303 Public policy towards monopolies 307 Conclusion: The prevalence of monopoly 309 15 Market structures II: Monopolistic competition 314 Competition with differentiated products 315 Advertising and branding 319 Contestable markets 323 Conclusion 324 16 Market structures III: Oligopoly 329 Characteristics of oligopoly 329 Game theory and the economics of cooperation 335 Models of oligopoly 344 Public policy toward oligopolies 347 Conclusion 350 vi CONTENTS PART 7 FACTOR MARKETS 17 The economics of labour markets The demand for labour 356 The supply of labour 360 Equilibrium in the labour market 364 Wage differentials 367 The economics of discrimination 373 The other factors of production: Land and capital 376 Economic rent 379 Conclusion 380 355 PART 8 INEQUALITY 18 Income inequality and poverty 385 The measurement of inequality 386 The political philosophy of redistributing income 395 Conclusion 401 PART 9 TRADE 19 Interdependence and the gains from trade 405 The production possibilities frontier 405 International trade 410 The principle of comparative advantage 414 The determinants of trade 418 The winners and losers from trade 420 Restrictions on trade 423 Conclusion 431 Glossary 437 Index 442 Credits 446
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physical	IX, 447 S. Ill., graph. Darst.
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spellingShingle	Mankiw, Nicholas Gregory 1958- Taylor, Mark P. 1958- Microeconomics Mikroökonomie (DE-588)4039225-9 gnd
subject_GND	(DE-588)4039225-9 (DE-588)4123623-3
title	Microeconomics
title_auth	Microeconomics
title_exact_search	Microeconomics
title_full	Microeconomics N. Gregory Mankiw ; Mark P. Taylor
title_fullStr	Microeconomics N. Gregory Mankiw ; Mark P. Taylor
title_full_unstemmed	Microeconomics N. Gregory Mankiw ; Mark P. Taylor
title_short	Microeconomics
title_sort	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=027402617&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT mankiwnicholasgregory microeconomics AT taylormarkp microeconomics

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