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Intermediate Microeconomics: An Interactive Exploration

Christopher R. Makler

Foreword

Part I: Scarcity and Choice

1

Introduction

2

Technology and Production Functions

3

Resource Constraints and Production Possibilities

4

Preferences and Utility Functions

5

Constrained Optimization when Calculus Works

6

Constrained Optimization when Calculus Doesn't Work

Part II: Consumer Theory

7

Utility Maximization Subject to a Budget Constraint

8

Demand Functions and Their Representations

9

Income and Substitution Effects of a Price Change

10

Welfare Effects of a Price Change

Part III: The Theory of the Firm

11

Production and Cost

12

Profit Maximization

13

Output Supply and Input Demands for a Competitive Firm

Part IV: Competitive Equilibrium

14

Partial Equilibrium

15

Welfare Analysis of Equilibrium

16

Relationships Between Markets

17

The Circular Flow and General Equilibrium

Part V: Exchange

18

Trading from an Endowment

19

Labor Supply

20

Intertemporal Choice

21

Uncertainty and Risk

22

The Edgeworth Box

Part VI: Public Economics

23

Externalities

24

Public Goods

Mathematical Appendices

A

Multivariable Calculus

B

Optimization

C

Elasticity