Microeconomics

  1. Factor Markets
    1. Labor Markets
      1. The Demand for Labor
        1. Marginal Product of Labor
          1. Value of the Marginal Product
            1. The Firm's Labor Demand Curve
              1. Market Labor Demand
              2. Shifts in Labor Demand
                1. Changes in Output Price
                  1. Changes in Technology
                    1. Supply of Other Factors
                      1. Number of Firms
                      2. The Supply of Labor
                        1. Work-Leisure Trade-off
                          1. Individual Labor Supply Curve
                            1. Market Labor Supply
                              1. Backward-Bending Supply Curve
                              2. Shifts in Labor Supply
                                1. Changes in Preferences
                                  1. Changes in Alternative Opportunities
                                    1. Immigration
                                      1. Population Changes
                                      2. Equilibrium in Labor Markets
                                        1. Wage Determination
                                          1. Employment Level
                                            1. Market Clearing
                                            2. Wage Differentials
                                              1. Compensating Differentials
                                                1. Human Capital
                                                  1. Ability and Talent
                                                    1. Signaling
                                                      1. Discrimination
                                                        1. Labor Market Segmentation
                                                      2. Capital Markets
                                                        1. The Demand for Capital
                                                          1. Marginal Product of Capital
                                                            1. Value of the Marginal Product of Capital
                                                              1. Investment Decisions
                                                              2. The Supply of Capital
                                                                1. Saving Decisions
                                                                  1. Interest Rates and Saving
                                                                  2. Equilibrium in Capital Markets
                                                                    1. Interest Rate Determination
                                                                      1. Present Value and Investment
                                                                      2. Rental Price vs. Purchase Price
                                                                        1. Relationship Between Rental and Purchase Prices
                                                                      3. Land Markets
                                                                        1. The Demand for Land
                                                                          1. Marginal Product of Land
                                                                            1. Derived Demand
                                                                            2. The Supply of Land
                                                                              1. Fixed Supply in the Short Run
                                                                                1. Economic Rent
                                                                                2. Land Prices and Economic Rent
                                                                                  1. Pure Economic Rent
                                                                                    1. Quasi-Rent

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                                                                                6. Market Structures

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                                                                                8. Market Failures and Government Intervention