Microeconomics: Markets, Methods and Models provides a concise, yet
complete, coverage of introductory microeconomic theory, application and
policy in a Canadian and global environment. Topics covered includes:
introduction to key ideas, Theories, models and data, The classical
marketplace – demand and supply, Measures of response: elasticities, Welfare
economics and externalities, Individual choice, Firms, investors and capital
markets, Production and cost, Perfect competition, Monopoly , Imperfect
competition, Labour and capital, Human capital and the income distribution,
Government and International trade.
This note
covers the following topics: Solow growth model, Ramsey growth model,
Diamond overlapping-generations model Endogenous growth and human capital
models, Empirical growth analyses, Business cycles and RBC models,
Traditional business-cycle models, New Keynesian IS-LM, Phillips curve,
Lucas imperfect-information model, Imperfect competition and sticky prices,
Dynamic pricing models, Unemployment models and Investment theory.
This note describes the following topics: Economic Motives, Wealth
And Welfare, The Nature Of Demand, Exchange In A Market, Psychic Income, The
Law Of Diminishing Returns, The Theory Of Rent, Repair, Depreciation, And
Destruction Of Wealth, Capitalization And Time-value, The Money Economy And
The Concept Of Capital, Interest On Money Loans, The Value Of Human
Services.