Microeconomics

Getting students to successfully apply abstract microeconomic tools to complex, real-world problems is the ultimate goal of intermediate microeconomics and goal of Jeffrey Perloff when he pioneered the use of step-by-step Solved Problems. By setting practice and applications in the context of real companies and using real data for analysis, he leads students to connect microeconomic models to actual decisions being made in today's marketplace.

1. Introduction.

I. SUPPLY AND DEMAND.
 2. Supply and Demand.
 
 3. Applying the Supply-and-Demand Model.

II. CONSUMER> THEORY.
 4. Consumer Choice.
 
 5. Applying Consumer Theory.
 
III. THEORY OF THE FIRM.
 6. Firms and Production.
 
 7. Costs.
 
IV. PERFECT COMPETITION.
 8. Competitive Firms and Markets.
 
 9. Applying the Competitive Model.
 
10. General Equilibrium and Economic Welfare.
 
V. MARKET POWER AND MARKET STRUCTURE.
11. Monopoly.
 
12. Pricing.
 
13. Oligopoly and Monopolistic Competition.
 
14. Strategy.
 
VI. FACTOR MARKETS.
15. Factor Markets and Vertical Integration.
 
16. Interest Rates, Investments, and Capital Markets.
 
VII. UNCERTAINTY, MISSING MARKETS, AND LIMITED INFORMATION.
17. Uncertainty.
 
18. Externalities, Commons, and Public Goods.
 
19. Asymmetric Information.
 
20. Contracts and Moral Hazards.