Essentials of Microeconomics: Exercises

Description

After reading the theory book about Microeconomics it is time to test your knowledge to make sure that you are well prepared for your exam.

This exercise book follows the same structure as the theory book about Microeconomics. Answer questions about for example consumer theory, demand, production and cost. All the exercises are followed by suggested solutions.

Table des matières

1. Consumer Theory
   1. Preferences
   2. The Budget Line
   3. Utility Maximization
2. Demand
   1. Price Changes
   2. Income Changes
   3. Elasticities
3. Production
   1. Definitions
   2. The Production Function
4. Costs
   1. Costs in the Short Run
   2. Costs in the Long Run
5. Perfect Competition
   1. Definitions and Assumptions
   2. The Firm’s Short-Run Profit Maximization
   3. The Firm’s Long-Run Profit Maximization
6. Monopoly
   1. Monopoly Profit Maximization and Efficiency Problems
   2. Price Discrimination
7. Game Theory
   1. Basic Concepts
   2. Games on Normal Form
   3. Games on Extensive Form
8. Oligopoly
   1. The Cournot Model
   2. The Bertrand Model
9. Monopolistic Competition
10. Labor
    1. The Supply of Labor
    2. The Demand for Labor
11. General Equilibrium
    1. Definitions
    2. Efficient Production
12. Choice under Uncertainty
13. Other Market Failures
    1. Basic Concepts
    2. Externalities
    3. Public Goods
14. Suggested Solutions
15. Consumer Theory
    1. Preferences
    2. The Budget Line
    3. Utility Maximization
16. Demand
    1. Price Changes
    2. Income Changes
    3. Elasticities
17. Production
    1. Definitions
    2. The Production Function
18. Costs
    1. Costs in the Short Run
    2. Costs in the Long Run
19. Perfect Competition
    1. Definitions and Assumptions
    2. The Firm’s Short-Run Profit Maximization
    3. The Firm’s Long-Run Profit Maximization
20. Monopoly
    1. Monopolies
    2. Monopoly Profit Maximization and Efficiency Problems
    3. Price Discrimination
21. Game Theory
    1. Basic Concepts
    2. Games on Normal Form
    3. Games on Extensive Form
22. Oligopoly
    1. The Cournot Model
    2. The Bertrand Model
23. Monopolistic Competition
24. Labor
    1. The Supply of Labor
    2. The Demand for Labor
25. General Equilibrium
    1. Definitions
    2. Efficient Production
26. Choice under Uncertainty
27. Other Market Failures
    1. Basic Concepts
    2. Externalities
    3. Public Goods