Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less
by Austin Frakt PhD (Author), Mike Piper CPA (Author)

About the Authors
Austin Frakt is a health economist with the Department of Veterans Affairs and an associate professor at Boston University. He does research in health policy and economics and has published in the top peer-reviewed journals in his field. He founded and is co-editor in chief of a health policy blog and is a regular contributor to The New York Times.
Mike Piper is the author of several personal finance books as well as a popular blog. He is a Missouri licensed CPA. Mike’s writing has been featured in many places, including The Wall Street Journal, MarketWatch, Forbes, and Morningstar.

About this book
Find all of the following topics, explained in plain-English:
Introduction
What is Economics? | Not a Perfect Model | Microeconomics vs. Macroeconomics
1. Maximizing Utility
Decreasing Marginal Utility | Opportunity Costs
2. Evaluating Production Possibilities
Production Possibilities Frontiers | Absolute and Comparative Advantage
3. Demand
Determinants of Demand | Elasticity of Demand | Change in Demand vs. Change in Quantity Demanded
4. Supply
Determinants of Supply | Elasticity of Supply | Change in Supply vs. Change in Quantity Supplied
5. Market Equilibrium
How Market Equilibrium is Reached | The Effect of Changes in Supply and Demand
6. Government Intervention
Price Ceilings and Price Floors | Taxes and Subsidies
7. Costs of Production
Marginal Cost of Production | Fixed vs. Variable Costs | Short Run vs. Long Run | Sunk Costs | Economic Costs vs. Accounting Costs
8. Perfect Competition
Firms Are Price Takers | Making Decisions at the Margin | Consumer and Producer Surplus
9. Monopoly
Market Power | Deadweight Loss with a Monopoly | Monopolies and Government
10. Oligopoly
Collusion | Cheating the Cartel | Government Intervention in Oligopolies
11. Monopolistic Competition
Competing via Product Differentiation | Loss of Surplus with Monopolistic Competition
Conclusion: The Insights and Limitations of Economics

Pages: 134 pages
Publisher: Simple Subjects, LLC (May 16, 2014)
Language: English
ISBN-10: 0981454291
ISBN-13: 978-0981454290