Evaluating the Gains and Losses from Government Policies--Consumer and Producer Surplus The Efficiency of a Competitive Market Minimum Prices

Perfectly Competitive Markets Profit Maximization Marginal Revenue, Marginal Cost, and Profit Maximization Choosing output in the Short--run

Measuring Cost: Which Costs Matter? Cost in the Short Run Cost in the Long Run Long-Run Versus Short-Run Cost Curves

Describing Risk Preferences Toward Risk Reducing Risk The Demand for Risky Assets

Individual Demand Income and Substitution Effects Market Demand Consumer Surplus

Consumer Preferences Budget Constraints Consumer Choice Revealed Preferences

Quality Uncertainty and the Market for Lemons Market Signaling Moral Hazard The Principal-Agent Problem

General Equilibrium Analysis Efficiency in Exchange Equity and Efficiency Efficiency in Production

Stocks Versus Flows Present Discounted Value The vValue of Bond The Net Present Value Criterion for Capital Investment Decisions

Gaming and Strategic Decisions Dominant Strategies The Nash Equilibrium Revisited Repeated Games