Microeconomics

  1. Supply and Demand
    1. The Theory of Demand
      1. The Law of Demand
        1. Inverse Relationship Between Price and Quantity Demanded
          1. Reasons for the Law of Demand
          2. The Demand Schedule and Demand Curve
            1. Tabular Representation
              1. Graphical Representation
                1. Linear vs. Nonlinear Demand Curves
                2. Market Demand vs. Individual Demand
                  1. Aggregation of Individual Demands
                    1. Horizontal Summation
                    2. Determinants of Demand
                      1. Income
                        1. Normal Goods
                          1. Inferior Goods
                          2. Tastes and Preferences
                            1. Expectations
                              1. Future Prices
                                1. Future Income
                                2. Number of Buyers
                                  1. Demographics
                                  2. Change in Demand vs. Change in Quantity Demanded
                                    1. Movement Along the Demand Curve
                                      1. Shift of the Demand Curve
                                    2. The Theory of Supply
                                      1. The Law of Supply
                                        1. Direct Relationship Between Price and Quantity Supplied
                                          1. Reasons for the Law of Supply
                                          2. The Supply Schedule and Supply Curve
                                            1. Tabular Representation
                                              1. Graphical Representation
                                                1. Linear vs. Nonlinear Supply Curves
                                                2. Market Supply vs. Individual Firm Supply
                                                  1. Aggregation of Individual Supplies
                                                    1. Horizontal Summation
                                                    2. Determinants of Supply
                                                      1. Input Prices
                                                        1. Technology
                                                          1. Expectations
                                                            1. Future Prices
                                                              1. Future Costs
                                                              2. Number of Sellers
                                                                1. Government Policies
                                                                  1. Weather and Natural Conditions
                                                                  2. Change in Supply vs. Change in Quantity Supplied
                                                                    1. Movement Along the Supply Curve
                                                                      1. Shift of the Supply Curve
                                                                    2. Market Equilibrium
                                                                      1. Finding Equilibrium Price and Quantity
                                                                        1. Graphical Analysis
                                                                          1. Algebraic Solution
                                                                          2. Market Surplus
                                                                            1. Causes and Consequences
                                                                              1. Price Adjustment Process
                                                                              2. Market Shortage
                                                                                1. Causes and Consequences
                                                                                  1. Price Adjustment Process
                                                                                  2. The Law of Supply and Demand
                                                                                    1. Price Adjustment Mechanism
                                                                                      1. Market Forces
                                                                                    2. Analyzing Changes in Equilibrium
                                                                                      1. Shifts in Demand
                                                                                        1. Effects on Price and Quantity
                                                                                          1. Increase in Demand
                                                                                            1. Decrease in Demand
                                                                                            2. Shifts in Supply
                                                                                              1. Effects on Price and Quantity
                                                                                                1. Increase in Supply
                                                                                                  1. Decrease in Supply
                                                                                                  2. Simultaneous Shifts in Supply and Demand
                                                                                                    1. Predicting Direction of Change
                                                                                                      1. Indeterminate Outcomes
                                                                                                        1. Case Analysis

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                                                                                                    1. Introduction to Microeconomics

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                                                                                                    3. Elasticity and Its Applications