Principles of microeconomics:
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Stamford
Cengage Learning
2015
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| Ausgabe: | 7. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Includes index |
| Beschreibung: | XXIV, 495 S. zahlr. Ill., und graph. Darst. |
| ISBN: | 9781285165905 |
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Datensatz im Suchindex
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| adam_text | Titel: Principles of microeconomics
Autor: Mankiw, Nicholas Gregory
Jahr: 2015
Part I Introduction 1 _ 1 Ten Principles of Economics 3 2 Thinking Like an Economist 19 3 Interdependence and the Gains from Trade 47 Partii How Markets Work 63 _ 4 The Market Forces of Supply and Demand 65 5 Elasticity and Its Application 89 6 Supply, Demand, and GovernmentPolicies 111 Part HI Markets and Welfare 133 _ 7 Consumers, Producers, and the Efficiency of Markets 135 8 Application: The Costs of Taxation 155 9 Application: International Trade 171 Part IV The Economics of the Public Sector 193 10 Externalities 195 11 Public Goods and Common Resources 215 12 The Design of the Tax System 233 Brief Contents Part V Firm Behavior and the Organization of Industry 257 13 The Costs of Production 259 14 Firms in Competitive Markets 279 15 Monopoly 299 16 Monopolistic Competition 329 17 Oligopoly 347 PartVI The Economics of Labor Markets 371 18 The Markets for the Factors of Production 373 19 Earnings and Discrimination 395 20 Income Inequality and Poverty 413 PartVlI Topics for Further Study 433 21 The Theory of Consumer Choice 435 22 Frontiers of Microeconomics 461
Contents Preface: To the Student ix Acknowledgments xi Parti Introduction i CHAPTER 1 Ten Principles of Economics 3 1-1 How People Make Decisions 4 1-la Principle 1: People Face Trade-offs 4 1-lb Principle 2: The Cost of Something Is What You Give Up to Get It 5 1-lc Principle 3: Rational People Think at the Margin 6 1-ld Principle 4: People Respond to Incentives 7 Case Study: The Incentive Effects of Gasoline Prices 8 1-2 How People Interact 9 l-2a Principle 5: Trade Can Make Everyone Better Off 9 l-2b Principle 6: Markets Are Usually a Good Way to Organize Economic Activity 10 l-2c Principle 7: Governments Can Sometimes Improve Market Outcomes 11 FYI: Adam Smith and the Invisible Hand 11 1-3 How the Economy as a Whole Works 13 l-3a Principle 8: A Country s Standard of Living Depends on Its Ability to Produce Goods and Services 13 l-3b Principle 9: Prices Rise When the Government Prints Too Much Money 13 In The News: Why You Should Study Economics 14 1- 3c Principle 10: Society Faces a
Short-Run Trade-off between Inflation and Unemployment 15 1- 4 Conclusion 16 Summary 16 Key Concepts 17 Questions for Review 17 Quick Check Multiple Choice 17 Problems and Applications 18 CHAPTER 2 __ Thinking Like an Economist 19 2- 1 The Economist as Scientist 20 2- la The Scientific Method: Observation, Theory, and More Observation 20 2-lb The Role of Assumptions 21 2-lc Economic Models 22 2-ld Our First Model: The Circular-Flow Diagram 22 2-le Our Second Model: The Production Possibilities Frontier 24 2-lf Microeconomics and Macroeconomics 27 2-2 The Economist as Policy Adviser 27 2-2a Positive versus Normative Analysis 28 2-2b Economists in Washington 28 2-2c Why Economists Advice Is Not Always Followed 29 2-3 Why Economists Disagree 30 2-3a Differences in Scientific Judgments 30 2-3b Differences in Values 31 2-3c Perception versus Reality 31 In The News: Actual Economists andVirtual Realities 33 2-4 Let’s Get Going 34 Summary 34 Key Concepts 34 Questions for Review 35 Quick Check
Multiple Choice 35 Problems and Applications 35 APPENDIX Graphing: A Brief Review 37 Graphs of a Single Variable 37 Graphs of Two Variables: The Coordinate System 38 Curves in the Coordinate System 39 Slope 41 Cause and Effect 43 XVII
xviii CONTENTS CHAPTER 3 _ Interdependence and the Gains from Trade 47 3-1 A Parable for the Modern Economy 48 3-la Production Possibilities 48 3-lb Specialization and Trade 50 3-2 Comparative Advantage: The Driving Force of Specialization 52 3-2a Absolute Advantage 52 3-2b Opportunity Cost and Comparative Advantage 52 3-2c Comparative Advantage and Trade 53 3-2d The Price of the Trade 54 FYI: The Legacy of Adam Smith and David Ricardo 55 3-3 Applications of Comparative Advantage 55 3-3a Should Tom Brady Mow His Own Lawn? 55 In The News: Economics within a Marriage 56 3-3b Should the United States Trade with Other Countries? 57 3-4 Conclusion 58 Summary 59 Key Concepts 59 Questions for Review 59 Quick Check Multiple Choice 59 Problems and Applications 60 PPUPÉR^Il tCE CREAM PALACE Part II How Markets Work 63 CHAPTER 4 _ The Market Forces of Supply and Demand 65 4-1 Markets and Competition 66 4-la What Is a Market? 66 4-lb What Is Competition? 66 4-2 Demand 67 4-2a The Demand Curve: The
Relationship between Price and Quantity Demanded 67 4-2b Market Demand versus Individual Demand 68 4-2c Shifts in the Demand Curve 69 Case Study: Two Ways to Reduce the Quantity of Smoking Demanded 71 4-3 Supply 73 4-3aThe Supply Curve: The Relationship between Price and Quantity Supplied 73 4-3b Market Supply versus Individual Supply 74 4-3c Shifts in the Supply Curve 75 4-4 Supply and Demand Together 77 4-4a Equilibrium 77 4- 4b Three Steps to Analyzing Changes in Equilibrium 79 4- 5 Conclusion: How Prices Allocate Resources 83 In The News: Price Increases after Disasters 84 Summary 84 Key Concepts 86 Questions for Review 86 ~~ Quick Check Multiple Choice 86 Problems and Applications 87 CHAPTER 5 _ Elasticity and Its Application 89 5- 1 The Elasticity of Demand 90 5- la The Price Elasticity of Demand and Its Determinants 90 5-lb Computing the Price Elasticity of Demand 91 5-lc The Midpoint Method: A Better Way to Calculate Percentage Changes and Elasticities 91 5-ld The Variety of Demand
Curves 92 5-le Total Revenue and the Price Elasticity of Demand 94 FYI: A Few Elasticities from the Real World 94 5-lf Elasticity and Total Revenue along a Linear Demand Curve 96 5-lg Other Demand Elasticities 97 5-2 The Elasticity of Supply 98 5-2a The Price Elasticity of Supply and Its Determinants 98 5-2b Computing the Price Elasticity of Supply 99 5-2c The Variety of Supply Curves 99 5-3 Three Applications of Supply, Demand, and Elasticity 101 5-3a Can Good News for Farming Be Bad News for Farmers? 102 5-3b Why Did OPEC Fail to Keep the Price of Oil High? 104 5-3c Does Drug Interdiction Increase or Decrease Drug- Related Crime? 105 5-4 Conclusion 107 Summary 107 Key Concepts 108 Questions for Review 108 Quick Check Multiple Choice 108 Problems and Applications 109
CONTENTS xix CHAPTER 6 _ Supply, Demand, and Government Policies 111 6-1 Controls on Prices 112 6-la How Price Ceilings Affect Market Outcomes 112 Case Study: Lines at the Gas Pump 114 Case Study: Rent Control in the Short Run and the Long Run 115 6-lb How Price Floors Affect Market Outcomes 116 Case Study: The Minimum Wage 117 6-lc Evaluating Price Controls 119 In The News: Venezuela versus the Market 120 6-2 Taxes 121 6-2a How Taxes on Sellers Affect Market Outcomes 122 6-2b How Taxes on Buyers Affect Market Outcomes 123 Case Study: Can Congress Distribute the Burden of aFhyrollTax? 125 6-2c Elasticity andTax Incidence 126 Case Study: Who Pays the Luxury Tax? 128 6-3 Conclusion 128 Summary 129 Key Concepts 129 Questions for Review 129 Quick Check Multiple Choice 129 Problems and Applications 130 i fel BM sSÉ illsi ingsspi: rsisS’ifec ?Élll3llÜ ^sillsilN -i.isiii; PartlD Welfare [Markets and 133 CHAPTER 7 _ Consumers, Producers, and the Efficiency of Markets 135 7-1 Consumer Surplus
136 7-la Willingness to Pay 136 7-lb Using the Demand Curve to Measure Consumer Surplus 137 7-lc How a Lower Price Raises Consumer Surplus 138 7-ld What Does Consumer Surplus Measure? 139 7-2 Producer Surplus 141 7-2a Cost and the Willingness to Sell 141 7-2b Using the Supply Curve to Measure Producer Surplus 142 7-2c How a Higher Price Raises Producer Surplus 143 7-3 Market Efficiency 144 7-3a The Benevolent Social Planner 145 7- 3b Evaluating the Market Equilibrium 146 In The News: The Invisible Hand Can Park Your Car 148 Case Study: Should There Be a Market in Organs? 148 7- 4 Conclusion: Market Efficiency and Market Failure 150 Summary 151 Key Concepts 151 Questions for Review 151 Quick Check Multiple Choice 151 Problems and Applications 152 CHAPTER 8 _____ Application: The Costs of Taxation 155 8- 1 The Deadweight Loss of Taxation 156 8- la How a Tax Affects Market Participants 157 8- lb Deadweight Losses and the Gains from Trade 159 8-2 The Determinants of the Deadweight Loss 160
Case Study: The Deadweight Loss Debate 162 8-3 Deadweight Loss and Tax Revenue as Taxes Vary 163 Case Study: The Laffer Curve and Supply-Side Economics 164 In The News: The Tax Debate 166 8- 4 Conclusion 168 Summary 168 Key Concept 168 Questions for Review 168 Quick Check Multiple Choice 169 Problems and Applications 169 CHAPTER 9 _ Application: International Trade 171 9- 1 The Determinants of Trade 172 9- la The Equilibrium without Trade 172 9-lb The World Price and Comparative Advantage 173 9-2 The Winners and Losers from Trade 174 9-2a The Gains and Losses of an Exporting Country 174 9-2b The Gains and Losses of an Importing Country 175 9-2c The Effects of a Tariff 177 FYI: Import Quotas: Another Way to Restrict Trade 179 9-2d The Lessons for Trade Policy 179 9-2e Other Benefits of International Trade 180 In The News: Threats to Free Trade 181 9-3 The Arguments for Restricting Trade 182 In The News: Should the Winners from Free Trade Compensate the Losers? 183
XX CONTENTS 9-3aThe Jobs Argument 183 9-3b The National-Security Argument 184 In The News: Second Thoughts about Free Trade 184 9-3c The Infant-Industry Argument 185 9-3d The Unfair-Competition Argument 186 9-3e The Protection-as-a-Bargaining-Chip Argument 186 Case Study: Trade Agreements and the World Trade Organization 187 9-4 Conclusion 188 Summary 189 Key Concepts 189 Questions for Review 189 Quick Check Multiple Choice 189 Problems and Applications 190 gSifSï Part IV The Economics of the Public Sector 193 CHAPTER 10 _ Externalities 195 10-1 Externalities and Market Inefficiency 197 10-la Welfare Economics: A Recap 197 10-lb Negative Externalities 198 10-lc Positive Externalities 199 In The News: The Externalities of Country Living 200 Case Study: Technology Spillovers, Industrial Policy, and Patent Protection 201 10-2 Public Policies toward Externalities 202 10-2a Command-and-Control Policies: Regulation 202 10-2b Market-Based Policy 1: Corrective Taxes and Subsidies 203 Case Study:
Why Is Gasoline Taxed So Heavily? 204 10-2c Market-Based Policy 2: Tradable Pollution Permits 205 10-2d Objections to the Economic Analysis of Pollution 207 In The News: What Should We Do about Climate Change? 208 10-3 Private Solutions to Externalities 208 10-3a The Types of Private Solutions 208 10-3b The Coase Theorem 209 10- 3c Why Private Solutions Do Not Always Work 211 10- 4 Conclusion 211 Summary 212 Key Concepts 212 Questions for Review 212 Quick Check Multiple Choice 213 Problems and Appl ications 213 CHAPTER 11 _ Public Goods and Common Resources 215 11- 1 The Different Kinds of Goods 216 11-2 Public Goods 218 11- 2a The Free-Rider Problem 218 ll-2b Some Important Public Goods 218 Case Study: Are Lighthouses Public Goods? 221 ll-2c The Difficult Job of Cost-Benefit Analysis 221 Case Study: How Much Is a Life Worth? 222 11-3 Common Resources 223 ll-3a The Tragedy of the Commons 223 In The News: The Case for Toll Roads 224 11- 3b Some Important Common Resources 225 Case Study:
Why the Cow Is Not Extinct 227 11- 4 Conclusion: The Importance of Property Rights 228 Summary 228 Key Concepts 229 Questions for Review 229 Quick Check Multiple Choice 229 Problems and Applications 229 CHAPTER 12 _ The Design of the Tax System 233 12- 1 A Financial Overview of the U.S. Government 234 12- la The Federal Government 235 Case Study: The Fiscal Challenge Ahead 238 12-lb State and Local Governments 240 12-2 Taxes and Efficiency 242 12-2a Deadweight Losses 243 Case Study: Should Income or Consumption Be Taxed? 243 12-2b Administrative Burden 244 12-2c Marginal Tax Rates versus Average Tax Rates 245 12-2d Lump-Sum Taxes 245 12-3 Taxes and Equity 246 12-3a The Benefits Principle 246 12-3b The Ability-to-Pay Principle 247 Case Study: How the Tax Burden Is Distributed 248 12-3c Tax Incidence and Tax Equity 249 In The News: Tax Expenditures 250 Case Study: Who Pays the Corporate Income Tax? 250 11-4 Conclusion: The Trade-off between Equity and Efficiency 252
CONTENTS xxi Summary 253 Key Concepts 253 Questions for Review 253 Quick Check Multiple Choice 254 Problems and Applications 254 ;V MSÊ BMS mm m??mmi ?m. X9SL Part V Firm Behavior and the Organization of Industry 257 CHAPTER 13 __ The Costs of Production 259 13-1 What Are Costs? 260 13-la Total Revenue, Total Cost, and Profit 260 13-lb Costs as Opportunity Costs 260 13-lcThe Cost of Capital as an Opportunity Cost 261 13-ld Economic Profit versus Accounting Profit 262 13-2 Production and Costs 263 13-2a The Production Function 263 13-2b From the Production Function to the Total-Cost Curve 265 13-3 The Various Measures of Cost 265 13-3a Fixed and Variable Costs 266 13-3b Average and Marginal Cost 267 13-3c Cost Curves and Their Shapes 268 13-3d Typical Cost Curves 270 13-4 Costs in the Short Run and in the Long Run 271 13-4aThe Relationship between Short-Run and Long-Run Average Total Cost 271 13-4b Economies and Diseconomies of Scale 272 FYI: Lessons from a Pin Factory 273 13-5 Conclusion
274 Summary 274 Key Concepts 275 Questions for Review 275 Quick Check Multiple Choice 275 Problems and Applications 276 CHAPTER 14 _ Firms in Competitive Markets 279 14-1 What Is a Competitive Market? 280 14- la The Meaning of Competition 280 14-lb The Revenue of a Competitive Firm 280 14-2 Profit Maximization and the Competitive Firm’s Supply Curve 282 14-2a A Simple Example of Profit Maximization 282 14-2bThe Marginal-Cost Curve and the Firm s Supply Decision 283 14-2c The Firm s Short-Run Decision to Shut Down 285 14-2d Spilt Milk and Other Sunk Costs 286 Case Study: Near-Empty Restaurants and Off-Season Miniature Golf 287 14-2e The Firm s Long-Run Decision to Exit or Enter a Market 288 14-2f Measuring Profit in Our Graph for the Competitive Firm 288 14-3 The Supply Curve in a Competitive Market 289 14-3a The Short Run: Market Supply with a Fixed Number of Firms 290 14-3b The Long Run: Market Supply with Entry and Exit 290 14-3c Why Do Competitive Firms Stay in Business If They Make
Zero Profit? 292 14-3d A Shift in Demand in the Short Run and Long Run 293 14- 3e Why the Long-Run Supply Curve Might Slope Upward 293 14- 4 Conclusion: Behind the Supply Curve 295 Summary 296 Key Concepts 296 Questions for Review 296 Quick Check Multiple Choice 296 Problems and Applications 297 CHAPTER 15 __ Monopoly 299 15- 1 Why Monopolies Arise 300 15- la Monopoly Resources 301 15-lb Government-Created Monopolies 301 15-lc Natural Monopolies 302 15-2 How Monopolies Make Production and Pricing Decisions 303 15-2a Monopoly versus Competition 303 15-2b A Monopoly s Revenue 304 15-2c Profit Maximization 306 15-2d A Monopoly s Profit 308 FYI: Why a Monopoly Does Not Have a Supply Curve 308 Case Study: Monopoly Drugs versus Generic Drugs 309 15-3 The Welfare Cost of Monopolies 310 15-3a The Deadweight Loss 311 15-3b The Monopoly s Profit: A Social Cost? 313
xxii CONTENTS 15-4 Price Discrimination 314 15-4a A liable about Pricing 314 15-4b The Moral of the Story 315 15-4c The Analytics of Price Discrimination 315 15-4d Examples of Price Discrimination 317 In The News: Price Discrimination in Higher Education 318 15-5 Public Policy toward Monopolies 319 15-5a Increasing Competition with Antitrust Laws 319 15-5b Regulation 319 15-5c Public Ownership 321 15- 5d Doing Nothing 321 15- 6 Conclusion: The Prevalence of Monopolies 322 Summary 323 Key Concepts 323 Questions for Review 323 Quick Check Multiple Choice 324 Problems and Applications 324 CHAPTER 16 _ Monopolistic Competition 329 16- 1 Between Monopoly and Perfect Competition 330 16-2 Competition with Differentiated Products 332 16- 2a The Monopolistically Competitive Firm in the Short Run 332 16-2b The Long-Run Equilibrium 332 16-2c Monopolistic versus Perfect Competition 335 16-2d Monopolistic Competition arid the Welfare of Society 336 In The News: Insufficient Variety as a Market Failure
338 16-3 Advertising 338 16-3a The Debate over Advertising 339 Case Study: Advertising and the Price of Eyeglasses 340 16-3b Advertising as a Signal of Quality 341 16- 3c Brand Names 342 16- 4 Conclusion 343 Summary 344 Key Concepts 344 Questions for Review 345 Quick Check Multiple Choice 345 Problems and Applications 345 CHAPTER 17 _ Oligopoly 347 17- 1 Markets with Only a Few Sellers 348 17- la A Duopoly Example 348 17-lb Competition, Monopolies, and Cartels 349 In The News: Public Price Fixing 350 17-lc The Equilibrium for an Oligopoly 351 17-ld How the Size of an Oligopoly Affects the Market Outcome 352 17-2 The Economics of Cooperation 353 17-2aThe Prisoners Dilemma 353 17-2b Oligopolies as a Prisoners Dilemma 355 Case Study: OPEC and the World Oil Market 356 17-2c Other Examples of the Prisoners Dilemma 356 17-2dThe Prisoners Dilemma and the Welfare of Society 358 17-2e Why People Sometimes Cooperate 358 Case Study: The Prisoners Dilemma Tournament 359 17-3 Public Policy toward Oligopolies
360 17-3a Restraint of Trade and the Antitrust Laws 360 Case Study: An Illegal Phone Call 361 17-3b Controversies over Antitrust Policy 361 Case Study: The Microsoft Case 363 17-4 Conclusion 364 In The News: Should the N.C.A.A. Be Taken to Court? 365 Summary 366 Key Concepts 366 Questions for Review 366 Quick Check Multiple Choice 366 Problems and Applications 367 k-J Part VI The Economics of Labor Markets 371 CHAPTER 18 _ The Markets for the Factors of Production 373 18-1 The Demand for Labor 374 18-laThe Competitive Profit-Maximizing Firm 375 18-lb The Production Function and the Marginal Product of Labor 375 18-lc The Value of the Marginal Product and the Demand for Labor 377 18-ld What Causes the Labor-Demand Curve to Shift? 378 FYI: Input Demand and Output Supply: Two Sides of the Same Coin 379 18-2 The Supply of Labor 380 18-2a The Trade-off between Work and Leisure 380 18-2b What Causes the Labor-Supply Curve to Shift? 380
CONTENTS xxiii 18-3 Equilibrium in the Labor Market 381 18-3a Shifts in Labor Supply 381 18-3b Shifts in Labor Demand 383 In The News: The Economics of Immigration 384 Case Study: Productivity and Wages 384 FYI: Monopsony 386 18-4 The Other Factors of Production: Land and Capital 386 18-4a Equilibrium in the Markets for Land and Capital 387 FYI: What Is Capital Income? 388 18- 4b Linkages among the Factors of Production 388 Case Study: The Economics of the Black Death 389 18- 5 Conclusion 390 Summary 390 Key Concepts 390 Questions for Review 391 Quick Check Multiple Choice 391 Problems and Applications 391 CHAPTER 19 _ Earnings and Discrimination 395 19- 1 Some Determinants of Equilibrium Wages 396 19- la Compensating Differentials 396 19-lb Human Capital 396 Case Study: The Increasing Value of Skills 397 In The News: Higher Education as an Investment 398 19-lc Ability, Effort, and Chance 399 Case Study: The Benefits of Beauty 400 19-ld An Alternative View of Education: Signaling 401 19-leThe
Superstar Phenomenon 402 19-lf Above-Equilibrium Wages: Minimum-Wage Laws, Unions, and Efficiency Wages 402 19-2 The Economics of Discrimination 403 19-2a Measuring Labor-Market Discrimination 403 Case Study: Is Emily More Employable than Lakisha? 405 19-2b Discrimination by Employers 405 Case Study: Segregated Streetcars and the Profit Motive 406 19- 2c Discrimination by Customers and Governments 406 Case Study: Discrimination in Sports 407 In The News: Gender Differences 408 19- 3 Conclusion 408 Summary 409 Key Concepts 410 Questions for Review 410 Quick Check Multiple Choice 410 Problems and Applications 411 CHAPTER 20 __ Income Inequality and Poverty 413 20- 1 The Measurement of Inequality 414 20- la U.S. Income Inequality 414 20-lb Inequality around the World 416 20-1 c The Poverty Rate 41 7 20-ld Problems in Measuring Inequality 418 Case Study: Alternative Measures of Inequality 420 20-le Economic Mobility 420 20-2 The Political Philosophy of Redistributing Income 421 20-2a Utilitarianism
421 20-2b Liberalism 422 20-2c Libertarianism 423 20-3 Policies to Reduce Poverty 424 20-3a Minimum-Wage Laws 424 20-3b Welfare 425 20-3c Negative Income Tax 425 20-3d In-Kind Transfers 426 20-3e Antipoverty Programs and Work Incentives 427 In The News: International Differences in Income Redistribution 428 20-4 Conclusion 428 Summary 430 Key Concepts 430 Questions for Review 430 Quick Check Multiple Choice 430 Problems and Applications 431 mm Part VII Topics for Further Study 433 CHAPTER 21 _ The Theory of Consumer Choice 435 21-1 The Budget Constraint: What the Consumer Can Afford 436 21-2 Preferences: What the Consumer Wants 437 21-2a Representing Preferences with Indifference Curves 438 21 -2b Four Properties of Indifference Curves 439 21-2c Two Extreme Examples of Indifference Curves 440
xxiv CONTENTS 21-3 Optimization: What the Consumer Chooses 442 21-3a The Consumer s Optimal Choices 442 FYI: Utility: An Alternative Way to Describe Preferences and Optimization 443 21-3b How Changes in Income Affect the Consumer s Choices 444 21-3c How Changes in Prices Affect the Consumer s Choices 445 21-3d Income and Substitution Effects 446 21-3e Deriving the Demand Curve 448 21-4 Three Applications 449 21-4a Do All Demand Curves Slope Downward? 449 Case Study: The Search for Giffen Goods 450 21-4b How Do Wages Affect Labor Supply? 450 Case Study: Income Effects on Labor Supply: Historical Trends, Lottery Winners, and the Carnegie Conjecture 453 21- 4c How Do Interest Rates Affect Household Saving? 454 21- 5 Conclusion: Do People Really Think This Way? 456 Summary 457 Key Concepts 457 Questions for Review 457 Quick Check Multiple Choice 458 Problems and Applications 458 CHAPTER 22 _ Frontiers of Microeconomics 461 22- 1 Asymmetric Information 462 22- la Hidden Actions: Principals, Agents, and Moral Hazard 462 FYI: Corporate Management 463 22-lb Hidden Characteristics: Adverse Selection and the Lemons Problem 464 22-lc Signaling to Convey Private Information 465 Case Study: Gifts as Signals 465 22-ld Screening to Uncover Private Information 466 22- le Asymmetric Information and Public Policy 466 22-2 Political Economy 467 22-2a The Condorcet Voting Paradox 467 22-2b Arrow s Impossibility Theorem 468 22-2c The Median Voter Is King 469 22-2d Politicians Are People Too 471 22-3 Behavioral Economics 471 22-3a People Aren t Always Rational 471 Case Study: Left-Digit Bias 473 22-3b People Care about Fairness 474 22-3c People Are Inconsistent over Time 475 In The News: Can Brain Science Improve Economics? 476 22-4 Conclusion 476 Summary 478 — Key Concepts 478 Questions for Review 478 Quick Check Multiple Choice 478 Problems and Applications 479 Glossary 481 Index 485
|
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| author | Mankiw, Nicholas Gregory 1958- |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 7. ed. |
| format | Book |
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| genre | 1\p (DE-588)4123623-3 Lehrbuch gnd-content |
| genre_facet | Lehrbuch |
| id | DE-604.BV042323667 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T01:18:26Z |
| institution | BVB |
| isbn | 9781285165905 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027760545 |
| oclc_num | 903201574 |
| open_access_boolean | |
| owner | DE-1043 DE-1049 |
| owner_facet | DE-1043 DE-1049 |
| physical | XXIV, 495 S. zahlr. Ill., und graph. Darst. |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | Cengage Learning |
| record_format | marc |
| spelling | Mankiw, Nicholas Gregory 1958- Verfasser (DE-588)120973626 aut Principles of microeconomics N. Gregory Mankiw Microeconomics 7. ed. Stamford Cengage Learning 2015 XXIV, 495 S. zahlr. Ill., und graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes index Mikroökonomie (DE-588)4039225-9 gnd rswk-swf Volkswirtschaftslehre (DE-588)4078943-3 gnd rswk-swf 1\p (DE-588)4123623-3 Lehrbuch gnd-content Mikroökonomie (DE-588)4039225-9 s DE-604 Volkswirtschaftslehre (DE-588)4078943-3 s 2\p DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027760545&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Mankiw, Nicholas Gregory 1958- Principles of microeconomics Microeconomics Mikroökonomie (DE-588)4039225-9 gnd Volkswirtschaftslehre (DE-588)4078943-3 gnd |
| subject_GND | (DE-588)4039225-9 (DE-588)4078943-3 (DE-588)4123623-3 |
| title | Principles of microeconomics |
| title_alt | Microeconomics |
| title_auth | Principles of microeconomics |
| title_exact_search | Principles of microeconomics |
| title_full | Principles of microeconomics N. Gregory Mankiw |
| title_fullStr | Principles of microeconomics N. Gregory Mankiw |
| title_full_unstemmed | Principles of microeconomics N. Gregory Mankiw |
| title_short | Principles of microeconomics |
| title_sort | principles of microeconomics |
| topic | Microeconomics Mikroökonomie (DE-588)4039225-9 gnd Volkswirtschaftslehre (DE-588)4078943-3 gnd |
| topic_facet | Microeconomics Mikroökonomie Volkswirtschaftslehre Lehrbuch |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027760545&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT mankiwnicholasgregory principlesofmicroeconomics AT mankiwnicholasgregory microeconomics |