Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less (Financial Topics in 100 Pages or Less)

Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less (Financial Topics in 100 Pages or Less)

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