Part 1 Introduction to MicroeconomicsChapter 1 Analyzing Economic Problems 1Chapter 2 Demand and Supply Analysis 26Appendix: Price Elasticity of Demand Along a Constant Elasticity Demand Curve 74Part 2 Consumer TheoryChapter 3 Consumer Preferences and the Concept of Utility 75Chapter 4 Consumer Choice 105Appendix 1: The Mathematics of Consumer Choice 145Appendix 2: The Time Value of Money 146Chapter 5 The Theory of Demand 152Part 3 Production and Cost TheoryChapter 6 Inputs and Production Functions 204Appendix: The Elasticity of Substitution for a Cobb-Douglas Production Function 247Chapter 7 Costs and Cost Minimization 249Appendix: Advanced Topics in Cost Minimization 285Chapter 8 Cost Curves 289Appendix: Shephard's Lemma and Duality 327Part 4 Perfect CompetitionChapter 9 Perfectly Competitive Markets 331Appendix: Profit Maximization Implies Cost Minimization 388Chapter 10 Competitive Markets: Applications 390Part 5 Market PowerChapter 11 Monopoly and Monopsony 442Chapter 12 Capturing Surplus 489Part 6 Imperfect Competition and Strategic BehaviorChapter 13 Market Structure and Competition 532Appendix: The Cournot Equilibrium and the Inverse Elasticity Pricing Rule 574Chapter 14 Game Theory and Strategic Behavior 575Part 7 Special TopicsChapter 15 Risk and Information 608Chapter 16 General Equilibrium Theory 654Appendix: Deriving the Demand and Supply Curves for General Equilibrium 698Chapter 17 Externalities and Public Goods 703Mathematical Appendix 739Solutions to Selected Problems 759Glossary 781Index 789
