Microeconomics in context

Cover -- Half Title -- Title -- Copyright -- Contents -- List of Figures -- List of Tables -- Preface -- Acknowledgments -- Sample Course Outlines -- PART I: THE CONTEXT FOR ECONOMIC ANALYSIS -- 0 MICROECONOMICS AND WELL-BEING -- 1 ECONOMIC ACTIVITY IN CONTEXT -- 1. OUR STARTING POINT -- 2. THE GOALS OF AN ECONOMY -- 2.1 INTERMEDIATE AND FINAL GOALS -- 2.2 TRADITIONAL ECONOMIC GOALS -- 2.3 COMPONENTS OF WELL-BEING -- 2.4 ECONOMICS AND WELL-BEING -- 3. THE ISSUES THAT DEFINE ECONOMICS -- 3.1 THE FOUR ESSENTIAL ECONOMIC ACTIVITIES -- 3.2 THE THREE BASIC ECONOMIC QUESTIONS -- 4. ECONOMIC TRADEOFFS -- 4.1 SOCIETY'S PRODUCTION-POSSIBILITIES FRONTIER -- 4.2 TRADEOFFS OVERTIME -- 5. MICROECONOMICS IN CONTEXT -- 5.1 THE TRADITIONAL ECONOMIC MODEL -- 5.2 THE CONTEXTUAL APPROACH -- 2.MARKETS AND SOCIETY -- 1. THE THREE SPHERES OF ECONOMIC ACTIVITY -- 1.1 THE CORE SPHERE -- 1.2 THE PUBLIC PURPOSE SPHERE -- 1.3 THE BUSINESS SPHERE -- 1.4 THE SIZE OF THE THREE SPHERES -- 1.5 THE INFORMAL SPHERE AND LESS INDUSTRIALIZED COUNTRIES -- 2. THE ROLE OF MARKETS -- 2.1 THREE DEFINITIONS OF MARKETS -- 2.2 INSTITUTIONAL REQUIREMENTS OF MARKETS -- 3. TYPES OF MARKETS -- 3.1 MARKETS DEFINED BY WHAT IS SOLD -- 3.2 MARKETS DEFINED BY HOW PRICES ARE DETERMINED -- 4. ADVANTAGES AND LIMITATIONS OF MARKETS -- 4.1 OVERVIEW OF ADVANTAGES AND DISADVANTAGES OF MARKETS -- 4.2 ASSESSING MARKET OUTCOMES -- PART II: BASIC ECONOMIC ANALYSIS -- 3 SUPPLY AND DEMAND -- 1. INTRODUCTION TO THE MICROECONOMIC MARKET MODEL -- 2. THE THEORY OF SUPPLY -- 2.1 THE SUPPLY SCHEDULE AND SUPPLY CURVE -- 2.2 CHANGES IN SUPPLY -- 2.3 NONPRICE DETERMINANTS OF SUPPLY -- 3. THE THEORY OF DEMAND -- 3.1 THE DEMAND SCHEDULE AND DEMAND CURVE -- 3.2 CHANGES IN DEMAND -- 3.3 NONPRICE DETERMINANTS OF DEMAND -- 4. THE THEORY OF MARKET ADJUSTMENT -- 4.1 SURPLUS, SHORTAGE, AND EQUILIBRIUM