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URL :  Basic Microeconomics - Textbook
Author : Professor R. Larry Reynolds
Detail : 2011 | PDF | 2.8 Mb | 301 pages

eBook License: Creative Commons http://creativecommons.org

Archeological and written records of human existence suggest that obtaining the material means to satisfy wants has been a perpetual problem. Food and shelter are requirements of human life. Other goods satisfy a range of human desires and give pleasure or utility to individuals. The study of ways that humans deal with these problems of provisioning is called “economics.”

Provisioning treats economics as a social science. Economics as a study of provisioning includes the historical and philosophical foundations and context of economic behavior. The trade offs between the economic and non-economic goals are considered. The interrelationships of economic life with justice, ethics, morality, creativity, security and aesthetic values are of concern. Human societies have attempted a broad array of alternative systems to deal with the problem of provisioning. Some have been more successful and other less so. Some systems have lasted for thousands of years with few changes. Other systems have come and gone quickly. (From Author)


eBook Contents

Introduction to Microeconomics - The Problem of Provisioning - Introduction to Ways of Knowing - Individuals and Community - Criteria for Evaluation - Introduction to the Rules of the Game and Economics Systems - Economic Way of Thinking - Demand and Supply in a Market System - Demand and Consumer Behavior - Production and Cost - Optimization and Markets - Pure Competition - Firms With “Market Power” - Markets for Inputs and Distribution of Income - Property Rights and Market
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