Introduction to Economic Analysis | R. Preston McAfee and Tracy R. Lewis

- About the Authors
- 1What Is Economics?
  - 1.1Normative and Positive Theories
  - 1.2Opportunity Cost
  - 1.3Economic Reasoning and Analysis
- 2Supply and Demand
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 2.1Demand and Consumer Surplus
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.2Supply and Profit
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.3Market Demand and Supply
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.4Equilibrium
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 2.5Changes in Demand and Supply
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 3Quantification
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 3.1Elasticity
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 3.2Supply and Demand Changes
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 4The U.S. Economy
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 4.1Basic Demographics
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.2Education
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.3Households and Consumption
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.4Production
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.5Government
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.6Trade
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 4.7Fluctuations
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 5Government Interventions
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 5.1Effects of Taxes
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.2Incidence of Taxes
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.3Excess Burden of Taxation
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.4Price Floors and Ceilings
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.5The Politics of Price Controls
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.6Price Supports
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 5.7Quantity Restrictions and Quotas
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 6Trade
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 6.1Production Possibilities Frontier
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 6.2Comparative and Absolute Advantage
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 6.3Factors of Production
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 6.4International Trade
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 7Externalities
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 7.1External Effects
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.2Pigouvian Taxes
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.3Quotas
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.4Tradable Permits and Auctions
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.5Coasian Bargaining
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 7.6Fishing and Extinction
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 8Public Goods
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 8.1Free Riders
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 8.2Provision With Taxation
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 8.3Local Public Goods
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 9Producer Theory: Costs
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 9.1Types of Firms
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.2Production Functions
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.3Profit Maximization
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.4The Shadow Value
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.5Input Demand
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 9.6Myriad Costs
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 10Producer Theory: Dynamics
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 10.1Reactions of Competitive Firms
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 10.2Economies of Scale and Scope
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 10.3Dynamics With Constant Costs
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 10.4General Long-run Dynamics
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 11Investment
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 11.1Present Value
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 11.2Investment
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 11.3Investment Under Uncertainty
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 11.4Resource Extraction
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 11.5A Time to Harvest
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 11.6Collectibles
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 11.7Summer Wheat
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 12Consumer Theory
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 12.1Utility Maximization
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.2Budget or Feasible Set
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.3Isoquants
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.4Examples
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.5Substitution Effects
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.6Income Effects
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 12.7Mathematical Cleanup
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 13Applied Consumer Theory
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 13.1Labor Supply
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 13.2Urban Real Estate Prices
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 13.3Dynamic Choice
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 13.4Risk Aversion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 13.5Search
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 14General Equilibrium
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 14.1Edgeworth Box
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 14.2Equilibrium With Price System
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 14.3General Equilibrium
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 15Monopoly
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 15.1Sources of Monopoly
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.2Basic Analysis
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.3Effect of Taxes
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.4Price Discrimination
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.5Welfare Effects
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.6Natural Monopoly
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 15.7Peak-load Pricing
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 16Games and Strategic Behavior
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 16.1Matrix Games
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.2Nash Equilibrium
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.3Mixed Strategies
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.4Examples
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.5Subgame Perfection
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 16.6Supergames
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 17Imperfect Competition
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 17.1Cournot Oligopoly
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 17.2Cournot Industry Performance
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 17.3Hotelling Differentiation
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 17.4The Circle Model
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 18Information
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 18.1Market for Lemons
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 18.2Myerson-Satterthwaite Theorem
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 18.3Signaling
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 18.4Search and Price Dispersion
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 19Agency Theory
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 19.1Principals and Agents
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 19.2Cost of Providing Incentives
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 19.3Multi-tasking
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 19.4Multi-tasking without Homogeneity
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 20Auctions
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 20.1English Auction
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.2Sealed-bid Auction
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.3Dutch Auction
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.4Vickrey Auction
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.5The Winner’s Curse and Linkage
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 20.6Auction Design
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
- 21Antitrust
  Preview Mode
  Login or Purchase this book to read the remaining sections.
  Login Buy Now
  - 21.1Sherman Act
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 21.2Clayton Act
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 21.3Price Fixing
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now
  - 21.4Mergers
    Preview Mode
    Login or Purchase this book to read the remaining sections.
    Login Buy Now