Dominick Salvatore Schaums Outline of Microeconomics, 4th edition Schaums Outline Series 2006

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CONTENTS
Preface
CHAPTER 1 Introduction 1
1.1 The Purpose of Theory 1
1.2 The Problem of Scarcity 1
1.3 The Function of Microeconomic Theory 1
1.4 Markets, Functions, and Equilibrium 2
1.5 Comparative Statics and Dynamics 2
1.6 Partial Equilibrium and General Equilibrium Analysis 2
1.7 Positive Economics and Normative Economics 2
CHAPTER 2 Demand, Supply, and Equilibrium: An Overview 14
2.1 The Individual’s Demand for a Commodity 14
2.2 The Law of Negatively Sloped Demand 15
2.3 Shifts in the Individual’s Demand Curve 15
2.4 The Market Demand for a Commodity 15
2.5 The Single Producer’s Supply of a Commodity 17
2.6 The Shape of the Supply Curve 17
2.7 Shifts in the Single Producer’s Supply Curve 17
2.8 The Market Supply of a Commodity 18
2.9 Equilibrium 18
2.10 Types of Equilibria 19
2.11 Shifts in Demand and Supply, and Equilibrium 19
CHAPTER 3 The Measurement of Elasticities 39
3.1 Price Elasticity of Demand 39
3.2 Arc and Point Elasticity 40
3.3 Point Elasticity and Total Expenditures 41
3.4 Income Elasticity of Demand 42
3.5 Cross Elasticity of Demand 43
3.6 Price Elasticity of Supply 44
CHAPTER 4 Consumer Demand Theory 62
4.1 Total and Marginal Utility 62
4.2 Consumer Equilibrium 63
4.3 Indifference Curves: Definition 64
4.4 The Marginal Rate of Substitution 65
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