Introduction to economic analysis.

Format:

Book

Contributor:

Open Textbook Library, distributor.

Series:

Open Textbook Library.

Open textbook library.

Language:

English

Subjects (All):

Economics.

Supply and demand.

Prices.

Microeconomics.

Physical Description:

1 online resource : colour illustrations.

Updated irregularly.

Distribution:

Minneapolis : Open Textbook Library.

Place of Publication:

Arlington, Virginia : Saylor Academy, 2009-

System Details:

Mode of access: World Wide Web.

text file

Summary:

"This book presents standard intermediate microeconomics material and some material that, in the authors' view, ought to be standard but is not. Introductory economics material is integrated. Standard mathematical tools, including calculus, are used throughout. The book easily serves as an intermediate microeconomics text, and can be used for a relatively sophisticated undergraduate who has not taken a basic university course in economics. The focus of this book is on the conceptual tools and not on fluff. As such, it reflects the approach actually adopted by the majority of economists for understanding economic activity. There are lots of models and equations, and no pictures of economists. Economic analysis is used in many situations. When British Petroleum sets the price for Alaskan crude oil, it uses an estimated demand model, both for gasoline consumers and also for the refineries to which BP sells. Economic analysis was used by experts in the antitrust suit brought by the U.S. Department of Justice both to understand Microsoft's incentive to foreclose (eliminate from the market) rival Netscape and consumer behavior in the face of alleged foreclosure. Stock market analysts use economic models to forecast the profits of companies to predict the price of their stocks. When the government forecasts the budget deficit or considers a change in environmental regulations, it uses economic models. This book presents the building blocks of the models in common use by an army of economists thousands of times per day. This book, plus econometrics, provides most of the economic analysis tools to take upper division economics courses of any type."--Open Textbook Library.

Contents:

What Is Economics?

Supply and Demand

Quantification

The U.S. Economy

Government Interventions

Trade

Externalities

Public Goods

Producer Theory: Costs

Producer Theory: Dynamics

Investment

Consumer Theory

Applied Consumer Theory

General Equilibrium

Monopoly

Games and Strategic Behavior

Imperfect Competition

Information

Agency Theory

Auctions

Antitrust

Notes:

This bibliographic record is available under the Creative Commons CC0 "No Rights Reserved" license.

Description based on online version, v. 1.0, 2012; Title from OTL website (viewed on July 20, 2016)

ISBN:

0982043090

9780982043097

OCLC:

953797250

Access Restriction:

Open Access Unrestricted online access