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Book cover of Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less by Mike Piper

Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less

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Author:

Mike Piper

Number Of Reads:

82

Language:

English

Category:

Social sciences

Section:

Pages:

132

Quality:

good

Views:

1403

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Book Description

Find all of the following topics, explained in plain-English:IntroductionWhat is Economics? | Not a Perfect Model | Microeconomics vs. Macroeconomics1. Maximizing UtilityDecreasing Marginal Utility | Opportunity Costs2. Evaluating Production PossibilitiesProduction Possibilities Frontiers | Absolute and Comparative Advantage3. DemandDeterminants of Demand | Elasticity of Demand | Change in Demand vs. Change in Quantity Demanded4. SupplyDeterminants of Supply | Elasticity of Supply | Change in Supply vs. Change in Quantity Supplied5. Market EquilibriumHow Market Equilibrium is Reached | The Effect of Changes in Supply and Demand6. Government InterventionPrice Ceilings and Price Floors | Taxes and Subsidies7. Costs of ProductionMarginal Cost of Production | Fixed vs. Variable Costs | Short Run vs. Long Run | Sunk Costs | Economic Costs vs. Accounting Costs8. Perfect CompetitionFirms Are Price Takers | Making Decisions at the Margin | Consumer and Producer Surplus9. MonopolyMarket Power | Deadweight Loss with a Monopoly | Monopolies and Government10. OligopolyCollusion | Cheating the Cartel | Government Intervention in Oligopolies11. Monopolistic CompetitionCompeting via Product Differentiation | Loss of Surplus with Monopolistic CompetitionConclusion: The Insights and Limitations of Economics
Author portrait of Mike Piper

Mike Piper

Mike Piper is the author of several personal finance books and the popular blog Oblivious Investor (obliviousinvestor.com). He is a Missouri Licensed CPA. Mike's writing has been featured in many places, including The Wall Street Journal, Money Magazine, AARP Magazine, Forbes, CBS News, MarketWatch, and Morningstar.
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