| D1 |
Overview: themes, types of markets, economic measurement, economic analysis (PDF) |
Optimization and allocation (chapter 1) |
| Definition and various types of markets (chapter 2) |
| Economic measurement (chapter 2) |
| Economic analysis (chapter 2) |
| D2 |
The basics of supply and demand (PDF) |
Demand and supply curves (chapter 2) |
| Equilibrium in the market (chapter 2) |
| Government interventions (chapter 2) |
| D3 |
Elasticities of demand (PDF) |
Price elasticity of demand (chapter 2) |
| Income elasticity of demand (chapter 2) |
| Cross price elasticity of demand (chapter 2) |
| Comparison of elasticity over short run and long run (chapter 2) |
| D4 |
Price elasticity of supply; consumer preferences (PDF) |
Elasticity - price elasticity of supply (chapter 2) |
| Consumer behavior - consumer preference (chapter 3) |
| D5 |
Deriving MRS from utility function, budget constraints, and interior solution of optimization (PDF) |
Utility functions, deriving marginal rate of substitution (MRS) (chapter 3) |
| Budget constraints (chapter 3) |
| Optimization: interior solutions (chapter 3) |
| D6 |
Optimization, revealed preference, and deriving individual demand (PDF) |
Optimization: corner solutions (chapter 3) |
| Revealed preferences (chapter 3) |
| Deriving individual demand, Engle curves (chapter 4) |
| D7 |
Substitution and income effects, individual and market demand, consumer surplus (PDF) |
Substitution effect, income effect, Giffen goods (chapter 4) |
| From individual demand to market demand (chapter 4) |
| Consumer surplus (chapter 4) |
| D8 |
Irish potato famine, network externalities, and uncertainty (PDF) |
Irish potato famine (chapter 4) |
| Network externalities (chapter 4) |
| Uncertainty (chapter 5) |
| D9 |
Preference toward risk, risk premium, indifference curves, and reducing risk (PDF) |
Preference toward risk (chapter 5) |
| Risk premium (chapter 5) |
| Indifference curves between expected value and standard deviation (chapter 5) |
| Reducing risk: diversification (chapter 5) |
| D10 |
Insurance and production function (PDF) |
Reducing risk: insurance (chapter 5) |
| Outline of producer theory (chapter 6) |
| Production functions: short run and long run (chapter 6) |
| D11 |
Production functions (PDF) |
Short run production functions (chapter 6) |
| Long run production functions (chapter 6) |
| Returns to scale (chapter 6) |
| D12 |
Production functions and cost of production (PDF) |
Returns to scale (chapter 6) |
| Production function derivation (chapter 6) |
| Cost of production (chapter 7) |
| D13 |
Cost functions (PDF) |
Short run cost functions (chapter 7) |
| Long run cost functions (chapter 7) |
| D14 |
The cost of production and profit maximization (PDF) |
Relation between long run cost and short run cost (chapter 7) |
| Economies of scale (chapter 7) |
| Economies of scope, learning (chapter 7) |
| D15 |
Short run and long run supply (PDF) |
Profit maximization (chapter 8) |
| Short run supply (chapter 8) |
| Producer surplus (chapter 8) |
| Long run competitive equilibrium (chapter 8) |
| D16 |
Long run supply and the analysis of competitive markets (PDF) |
Long run equilibrium (chapter 8) |
| Long run market supply (chapter 8) |
| Gains and losses from government policies (chapter 9) |
| D17 |
Supply restrictions, tax, and subsidy (PDF) |
Agricultural price support (chapter 9) |
| Supply restrictions (chapter 9) |
| Tax and subsidy (chapter 9) |
| D18 |
Tax, subsidy, and general equilibrium (PDF) |
Tax (chapter 9) |
| Subsidy (chapter 9) |
| General equilibrium (chapter 16) |
| Exchange economy (chapter 16) |
| D19 |
Efficiency in exchange, equity and efficiency, and efficiency in production (PDF) |
Exchange economy (chapter 16) |
| Contract curves (chapter 16) |
| General equilibrium in a competitive market (chapter 16) |
| Utility possibilities frontier (chapter 16) |
| Production in Edgeworth box (chapter 16) |
| D20 |
Production possibilities frontier and output market efficiency (PDF) |
Production possibilities frontier (chapter 16) |
| Output market efficiency (chapter 16) |
| D21 |
Why markets fail (PDF) |
Why markets fail (chapter 16) |
| D22 |
Monopoly (PDF) |
Monopoly (chapter 10) |
| Shift in demand and effect of tax (chapter 10) |
| D23 |
Monopoly and monopsony (PDF) |
Multiplant firm (chapter 10) |
| Social cost (chapter 10) |
| Price regulation (chapter 10) |
| Monopsony (chapter 10) |
| D24 |
Monopoly and monopsony (cont.) (PDF) |
Monopsony (chapter 10) |
| Monopoly power (chapter 10) |
| Price discrimination (chapter 11) |
| D25 |
Pricing with market power (PDF) |
Third degree price discrimination (chapter 11) |
| Peak-load pricing (chapter 11) |
| Two-part tariffs (chapter 11) |
| D26 |
Pricing and monopolistic competition (PDF) |
Two-part tariffs (chapter 11) |
| Bundling (chapter 11) |
| Monopolistic competition (chapter 12) |
| D27 |
Game theory and oligopoly (PDF) |
Game theory (chapters 12 and 13) |
| Oligopoly (chapters 12 and 13) |
| D28 |
Oligopoly (PDF) |
Cournot games (chapters 12 and 13) |
| Stackelberg games (chapters 12 and 13) |
| Bertrand games (chapters 12 and 13) |
| Prisoner's Dilemma (chapters 12 and 13) |
| D29 |
Strategic games (PDF) |
Collusion - Prisoner's Dilemma (chapters 12 and 13) |
| Repeated games (chapters 12 and 13) |
| Threat, credibility, commitment (chapters 12 and 13) |
| Dominant firm model, cartel (chapters 12 and 13) |
| D30 |
Dominant firm model and factor market (PDF) |
Dominant firm model (chapters 12 and 13) |
| Factor markets (chapter 14) |
| D31 |
Factor market (PDF) |
Supply of labor (chapter 14) |
| Maximum/minimum strategy (chapter 14) |
| Demand of labor (chapter 14) |
| D32 |
Investment, savings, time, and capital markets (PDF) |
Present discount value (chapter 15) |
| Bonds (chapter 15) |
| Effective yields (chapter 15) |
| Interest rate determination (chapter 15) |
| D33 |
Asymmetric information (PDF) |
Adverse selection (chapter 17) |
| Moral hazard (chapter 17) |
| Unemployment (chapter 17) |
| D34 |
Externalities, market failure and government (PDF) |
Efficient wage theory (chapter 17) |
| Externalities (chapter 18) |
| Property rights (chapter 18) |
| Common property resources (chapter 18) |
| D35 |
Public goods (PDF) |
Public goods (chapter 18) |
