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Microeconomics: The Basics is an accessible introduction to the core topics in the field. Intended for those with little or no background in the subject, it provides the reader with a solid foundation of the basic principles of microeconomics and establishes a framework for further study.
List of contents
An overview of the book. 1. Introduction to Microeconomics Part I: Markets and Government 2. Supply and Demand 3. Economic Efficiency, Market Failure, and the Role of Government 4. Elasticity 5. Consumer Choice Part II: Theory of the Firm 6. Production, Cost, and Profit 7. Perfect Competition 8. Monopoly 9. Oligopoly 10. Monopolistic Competition Part III: Labor, Capital, and Financial Markets 11. Labor Market 12. Capital and Financial Markets
About the author
Thomas R. Sadler is Professor of Economics at Western Illinois University. He teaches courses on the Fundamentals of Economic Theory, Environmental Economics, Energy Economics, Labor Economics, and the Chicago Economy. His research focuses on environmental policy, energy economics, professional sports leagues, and high-performance organizations.
Summary
Microeconomics: The Basics is an accessible introduction to the core topics in the field. Intended for those with little or no background in the subject, it provides the reader with a solid foundation of the basic principles of microeconomics and establishes a framework for further study.
