Introduction 1 Demand and Supply 1.1 Demand 1.2 Supply 1.3 Market equilibrium 1.4 Elasticity 2 Consumer Choice 2.1 Consumer's problem 2.2 Preferences 2.3 Indifference curve 2.4 Perfect substitutes and perfect complements 2.5 Utility 2.6 Budget constraints 2.7 Changes in prices and income 2.8 The consumer's equilibrium 2.9 The theory of utility maximization 3 Production Function 3.1 Theory of production and marginal products 3.2 The short-run production function 3.3 The long-run production function 4 Cost of Production 4.1 Basic insights of costs 4.2 Isocost lines 4.3 Short-run cost 4.4 Long-run cost 5 Perfect Competition 5.1 Characteristics of a co mpetitive market 5.2 Demand curve in competitive market 5.3 Revenues in a perfectly competitive market 5.4 The shut-down point 5.5 Profit maximization 5.6 Short-term equilibrium and short-run supply curve 5.7 The long run equilibrium of firm 6 Imperfect Competition 6.1 Definition of imperfect co mpetition 6.2 Patterns of imperfect competition 6.3 Why do imperfect competition exist 6.4 Monopoly 6.5 Monopolistic competition 6.6 Oligopoly 7 Factors of Production 7.1 Define factors of production and describe how they contribute to output 7.2 The nature of factor demands 7.3 Distribution theory and marginal revenue product 7.4 Labor markets and wages 7.5 Land and capital 7.6 The factor distribution of income 8 General Equilibrium and Welfare Economic 8.1 General equilibrium analysis 8.2 Economic efficiency
8.3 General equilibrium analysis 8.4 Welfare economics 9 Game Theory 9.1 Definition 9.2 Game theory and strategic thinking 9.3 Prisoners'dilemma 10 Market Failure and Microeconomic Policy 10.1 Incomplete competitive market 10.2 Externality 10.3 Public goods and common resources 10.4 Information: knowledge is power 10.5 Income inequality and poverty
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