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MicroeconomicsMicroeconomics is the study of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them. It considers individuals both as suppliers of labour and capital and as the ultimate consumers of the final product. On the other hand, it analyzes firms both as suppliers of products and as consumers of labour and capital.
Microeconomics seeks to analyze the market form or other type of mechanism that establishes relative prices among goods and services and allocates society's resources among their many alternative uses.
Fundamental concepts in microeconomics
Scarcity - Opportunity cost - Supply and demand - Elasticity - Consumer and producer surplus - Aggregation of individual demand to total, or market, demand
Consumer theory
Consumer Theory - Preference - Indifference curve - Utility - Marginal utility - Income
Production and pricing theory
Production, costs, and pricing - Production theory basics - X-efficiency - Factors of production - production possibility frontier - Production function - Economies of scale - Economies of scope - Profit maximization - Price discrimination - Transfer pricing - joint product pricing - price points
Industrial organization
Market form - Perfect competition - Monopoly - Monopolistic competition - Oligopoly - Concentration ratio - Herfindahl index
Welfare economics
Welfare economics - Pareto efficiency - Kaldor-Hicks efficiency - Social welfare function - Income inequality metrics - Lorenz curve - Gini coefficient - Poverty level
Market failure
Market failure - Collective action - Information asymmetry - Externality - Social cost - Free goods - Taxes - Tragedy of the commons - Coase's Penguin
Financial economics
Efficient markets theory - Financial economics - Finance - Risk
International trade
International trade - Terms of trade - Tariff - List of international trade topics
Methodology
General equilibrium - Game theory
See also
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Microeconomic Theory
Provides table of content of Microeconomic Theory by Mas-Colell, Whinston and Green. The major book on microeconomic theory.
http://www.oup-usa.org/toc/tc_0195073401.html
Supply and Demand Principles
Explains basic principles of supply and demand curves.
http://members.tripod.com/~GOPcapitalist/supply.html
Microeconomics (D1-D4)
Economics Working Paper Archiv.
http://econwpa.wustl.edu/months/mic
Problems in Microeconomics
Problems in Microeconomics is a set of practice problems and interactive lecture displays for students and faculty in introductory courses in microeconomics. The problems were written by Byron W. Brown, Professor of Economics at Michigan State University.
http://www.bus.msu.edu/econ/brown/pim/index.htm
Microeconomics - Elasticity
Course material on elasticities, a major concept used in microeconomics.
http://www.mintercreek.com/micro/index.html
Supply and Demand Theory
Course material on the foundations of price theory by Una Moneypenny.
http://www.cals.cornell.edu/dept/arme/course/415/CHAP2/index.htm
The Bonn Graduate School of Economics
The Bonn Graduate School of Economics is designed for highly qualified students with a strong interest in quantitative economic research. The successful completion of the program will qualify students for positions in academic institutions, industry, political and public administration.
http://www.bgse.uni-bonn.de/
WebEc - Microeconomics
Contains links to and descriptions of resources related to Microeconomics.
http://www.helsinki.fi/WebEc/framed.html
Introduction to Microeconomics
An online introduction to microeconomic principles, including elasticity, short and long run analysis, and industry structure.
http://vlad1mir.tripod.com/
Microeconomics
This page in WebEc contains links to and descriptions of WWW resources related to Microeconomics.
http://netec.wustl.edu/WebEc/webecd.html
The Information Economy
The economics of the internet, information goods, intellectual property and related issues compiled by Hal R. Varian
http://www.sims.berkeley.edu/resources/infoecon/
Risk and Certainty Equivalent Applet
A discussion of risk and uncertainty and an applet demonstrating how to calculate a certainty equivalent for risk averse or risk seeking individuals.
http://www.gametheory.net/Mike/applets/Risk/
Price Theory
An intermediate text by David Friedman
http://www.daviddfriedman.com/Academic/Price_Theory/PThy_ToC.html
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