Summary of Austin Frakt & Mike Piper's Microeconomics Made Simple
Summary of Austin Frakt & Mike Piper's Microeconomics Made Simple

Author: Everest Media,

Publisher: Everest Media LLC

Published: 2022-04-29T22:59:00Z

Total Pages: 15

ISBN-13: 1669394379

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Please note: This is a companion version & not the original book. Sample Book Insights: #1 Marginal utility is the additional utility gained from consuming an additional unit of a particular good. It is the reason people do not spend all of their money on a single good: consumption of most goods comes with decreasing marginal utility. #2 The opportunity cost of a choice is the value of the best alternative that you must forgo in order to make that choice. The opportunity cost of going to a movie is the forgone utility from the next most enjoyable activity you could have done. #3 In economics, the factors of production are the inputs used to create finished goods. They are land, labor, and capital. The ideal situation is to use all resources to their fullest capacity, or use the fewest possible resources for any given level of output. #4 A production possibilities frontier illustrates the various choices that an economic entity can make when choosing what to produce, given the constraints imposed by its limited factors of production.

Microeconomics Made Simple
Microeconomics Made Simple

Author: Austin Frakt

Publisher:

Published: 2014-06-01

Total Pages: 134

ISBN-13: 9780981454290

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Find all of the following topics, explained in plain-English: Introduction: What is Economics? Not a Perfect Model Microeconomics vs. Macroeconomics 1. Maximizing Utility Decreasing Marginal Utility Opportunity Costs 2. Evaluating Production Possibilities Production Possibilities Frontiers Absolute and Comparative Advantage 3. Demand Determinants of Demand Elasticity of Demand Change in Demand vs. Change in Quantity Demanded 4. Supply Determinants of Supply Elasticity of Supply Change in Supply vs. Change in Quantity Supplied 5. Market Equilibrium How Market Equilibrium is Reached The Effect of Changes in Supply and Demand 6. Government Intervention Price Ceilings and Price Floors Taxes and Subsidies 7. Costs of Production Marginal Cost of Production Fixed vs. Variable Costs Short Run vs. Long Run Sunk Costs Economic Costs vs. Accounting Costs 8. Perfect Competition Firms Are Price Takers Making Decisions at the Margin Consumer and Producer Surplus 9. Monopoly Market Power Deadweight Loss with a Monopoly Monopolies and Government 10. Oligopoly Collusion Cheating the Cartel Government Intervention in Oligopolies 11. Monopolistic Competition Competing via Product Differentiation Loss of Surplus with Monopolistic Competition Conclusion: The Insights and Limitations of Economics

Microeconomics For Dummies
Microeconomics For Dummies

Author: Lynne Pepall

Publisher: John Wiley & Sons

Published: 2016-01-14

Total Pages: 353

ISBN-13: 1119184401

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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!

Microeconomics, Solutions Manual
Microeconomics, Solutions Manual

Author: David Besanko

Publisher: Wiley

Published: 2004-12-01

Total Pages: 272

ISBN-13: 9780471718338

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This second edition of Microeconomics is filled with learning-by-doing problems that give students a chance to make economics their own. These fully worked-out problems provide a step-by-step road map to help students solve numerical problems. Each problem correlates to similar practice problems at the end of each chapter. In addition, the authors include many extensive real-world examples in the text. These examples are contemporary applications of the theory and are longer and more extensive to show the evolution of the example. Each chapter opens with an example to draw readers into the topic.

Business Grammar, Style & Usage
Business Grammar, Style & Usage

Author: Alicia Abell

Publisher:

Published: 2003

Total Pages: 0

ISBN-13: 9781587620263

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Focusing on the art of business writing and speaking--based on how executives actually write and speak--this text's topics include misused punctuation and spelling, misused terms, and the top ten rules for writing and speaking articulately.

Principles of Macroeconomics for AP® Courses 2e
Principles of Macroeconomics for AP® Courses 2e

Author: Steven A. Greenlaw

Publisher:

Published: 2017

Total Pages: 0

ISBN-13: 9781947172432

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Principles of Macroeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is listed on the College Board's AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.

Microeconomics Demystified
Microeconomics Demystified

Author: Craig Depken

Publisher: McGraw Hill Professional

Published: 2005-12-14

Total Pages: 338

ISBN-13: 0071486747

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There’s no easier, faster, or more practical way to learn the really tough subjects Microeconomics Demystified features a clear and easy-to-understand presentation of the concepts and principles of microeconomics, with generous applications and examples. This self-teaching guide comes complete with key points, background information, quizzes at the end of each chapter, and even a final exam. Simple enough for beginners but challenging enough for advanced students, this is a lively and entertaining brush-up, introductory text, or classroom supplement.

Corporate Finance Made Simple
Corporate Finance Made Simple

Author: Mike Piper

Publisher:

Published: 2020-11-23

Total Pages: 128

ISBN-13: 9781950967025

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Find all of the following, explained in plain-English: What is corporate finance? What's the difference between finance and accounting? Methods for raising capital (borrowing, selling equity) Dividend policy Capital structure, weighted-average cost of capital Forecasting cash flows Time value of money (future value, present value, discount rate) Net present value (NPV), internal rate of return (IRR), and other capital budgeting methods Bond valuation Stock valuation Market efficiency

Taxes Made Simple
Taxes Made Simple

Author: Mike Piper

Publisher:

Published: 2023-01-13

Total Pages: 0

ISBN-13: 9781950967148

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Find all of the following, explained in plain-English with no legal jargon: The difference between deductions and credits Itemized deductions vs. the standard deduction Several money-saving deductions and credits and how to make sure you qualify for them How to calculate your refund How to know which tax forms to fill out State income taxes Alternative Minimum Tax (AMT) Capital Gains and Losses