Microeconomics
Mathematical EconomicsConsumer Surplus and Producer Surplus: Integration, Welfare Triangles and Policy ApplicationsEvery time you would have happily paid more than you did, you pocketed consumer surplus. A complete guide to measuring welfare with integration: consumer and producer…Game TheoryWhat is Game Theory? Definition, Examples and Applications in EconomicsMathematical Economics · Game Theory What is Game Theory? A complete guide to strategic decision-making — how economists model the choices of rational players when outcomes…Mathematical EconomicsLinear Programming in Economics and Business: Graphical Method, Constraints and Simplex MethodIn 1947 George Dantzig solved a problem the US Air Force thought was hopeless. A complete guide to linear programming for economics and business: formulation, the…Mathematical EconomicsDerivatives in Economics: Marginal Cost, Revenue and Profit with Step-by-Step Calculus ExamplesEvery time a textbook says "marginal", it means "derivative". A complete guide to differentiation in economics: deriving marginal cost and marginal revenue, why MC cuts AC…Financial EconomicsNet Present Value (NPV) and Present Value in Economics: Formula, Examples and Investment DecisionsA pound today is worth more than a pound tomorrow — and NPV is the machinery that turns that observation into a decision rule. A complete…Financial EconomicsCompound Interest Formula: Simple vs Compound vs Continuous Compounding with Worked ExamplesEinstein probably never called compound interest the eighth wonder of the world — but the mathematics is remarkable enough without the quote. A complete guide to…Consumer ChoiceLagrange Multipliers in Economics: Shadow Prices, the Envelope Theorem, and Kuhn-Tucker ConditionsEvery proposition in microeconomics is the solution to the same problem: optimise subject to a constraint. A complete guide to Lagrange multipliers, the envelope theorem, why…Health EconomicsAsymmetric Information in Healthcare: Adverse Selection, Moral Hazard and Why Health Markets FailWhy does the healthcare market fail? Arrow's 1963 analysis, Akerlof's lemons model, adverse selection versus moral hazard, and the evidence from the RAND and Oregon insurance…Environmental EconomicsCarbon Pricing and the Social Cost of Carbon: Nordhaus, Stern, and What the Evidence ShowsWhy do Nordhaus and Stern disagree by an order of magnitude about climate policy? A complete guide to carbon pricing: Pigouvian taxes, Weitzman's prices-vs-quantities rule, the…Labour EconomicsMinimum Wage and Monopsony: Why the Competitive Model Gets Labour Markets WrongDoes the minimum wage destroy jobs? The competitive model says yes; the monopsony model says it depends. A complete guide to both, with Card and Krueger's…
This topic is covered in Economics Made Simple, with practice questions, flashcards and 100 case studies in the bundle.Economics Made Simple Bundle Offer
Get it for $29