INSTRUCTOR’S MANUAL

Nora Underwood University of Central Florida

CONTENTS

 

P A R T 1: Introduction: Markets and Prices Chapter 1    Preliminaries                                                     1     Chapter 2    The Basics Of Supply And Demand                              5     P A R T 2: Producers, Consumers, and Competitive Markets

Chapter 3    Consumer Behavior                                                 23  

Chapter 4    Individual And Market Demand                                   41 Chapter 4   Appendix                                                     58   Chapter 5    Uncertainty and Consumer Behavior                          64   Chapter 6    Production                                                   74   Chapter 7    The Cost Of Production                                    84   Chapter 7    Appendix                                                     98 Chapter 8    Profit Maximization And Competitive Supply                   102 Chapter 9    The Analysis Of Competitive Markets                         117 P A R T 3: Market Structure and Competitive Strategy Chapter 10  Market Power: Monopoly and Monopsony                         138 Chapter 11  Pricing With Market Power                                          160 Chapter 11  Appendix                                                     185 Chapter 12  Monopolistic Competition And Oligopoly                          191 Chapter 13  Game Theory And Competitive Strategy                           217 Chapter 14  Markets For Factor Inputs                                     232 Chapter 15  Investment, Time, And Capital Markets                            242 P A R T 4: Information, Market Failure, and the Role of Government Chapter 16  General Equilibrium And Economic Efficiency                 255 Chapter 17  Markets With Asymmetric Information                      267 Chapter 18  Externalities And Public Goods                             278