Microeconomics For Dummies, U.S. Edition

Your no-nonsense guide to microeconomics

The study of microeconomics isn’t for the faint of heart. Fortunately, “Microeconomics For Dummies” is here to help make this tough topic accessible to the masses. If you’re a business or finance major looking to supplement your college-level microeconomics coursework–or a professional who wants to expand your general economics knowledge into the microeconomics area–this friendly and authoritative guide will take your comprehension of the subject from micro to macro in no time! Cutting through confusing jargon and complemented with tons of step-by-step instructions and explanations, it helps you discover how real individuals and businesses use microeconomics to analyze trends from the bottom up in order to make smart decisions.

Snagging a job as an economist is fiercely competitive–and highly lucrative. Having microeconomics under your belt as you work toward completing your degree will put you head and shoulders above the competition and set you on the course for career advancement once you land a job. So what are you waiting for? Analyze small-scale market mechanisms Determine the elasticity of products within the market systems Decide upon an efficient way to allocate goods and services Score higher in your microeconomics class

Everything you need to make microeconomics your minion is a page away!

Table of Contents

Part I: Getting Started with Microeconomics
Chapter 1: Discovering Why Microeconomics Is a Big Deal
Chapter 2: Considering Consumer Choice: Why Economists Find You Fascinating
Chapter 3: Looking at the Behavior of Firms: What They Are and What They Do

Part II: Doing the Best You Can: Consumer Theory
Chapter 4: Living a Life without Limits
Chapter 5: Considering the Art of the Possible: The Budget Constraint
Chapter 6: Achieving the Optimum in Spite of Constraints

Part III: Uncovering the Alchemy of Firms’ Inputs and Outputs
Chapter 7: Working with Different Costs and Cost Curves
Chapter 8: Squeezing Out Every Last Drop of Profit
Chapter 9: Supplying the Demanded Information on Supply and Demand
Chapter 10: Dreaming of the Consumer’s Delight: Per  fect Competition

Part IV: Delving into Markets, Market Failure, and Welfare Economics
Chapter 11: Stepping into the Real World: Oligopoly and Imperfect Competition
Chapter 12: Appreciating the Fundamental Theorems of Welfare Economics
Chapter 13: The Monopoly Game
Chapter 14: Examining Market Failure: Pollution and Parks
Chapter 15: Understanding the Dangers of Asymmetric Information

Part V: Thinking Strategically: Life Is Just a Game!
Chapter 16: Playing Games with Economic Theory
Chapter 17: Keeping Things Stable: The Nash Equilibrium
Chapter 18: Knowing How to Win at Auctions
Chapter 19: Understanding the Game: Credible Threats and Signals

Part VI: The Part of Tens
Chapter 20: Meeting Ten Great Microeconomists
Chapter 21: Top Ten Tips to Take Away