Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less

by Austin Frakt, Mike Piper CPA

Find all of the following topics, explained in


What is Economics? | Not a Perfect Model | Microeconomics vs. Macroeconomics

1. Maximizing Utility
Decreasing Marginal Utility | Opportunity Costs

2. Evaluating Production Possibilities
Production Possibilities Frontiers | Absolute and Comparative Advantage

3. Demand
Determinants of Demand | Elasticity of Demand | Change in Demand vs. Change in Quantity Demanded

4. Supply
Determinants of Supply | Elasticity of Supply | Change in Supply vs. Change in Quantity Supplied

5. Market Equilibrium
How Market Equilibrium is Reached | The Effect of Changes in Supply and Demand

6. Government Intervention
Price Ceilings and Price Floors | Taxes and Subsidies

7. Costs of Production
Marginal Cost of Production | Fixed vs. Variable Costs | Short Run vs. Long Run | Sunk Costs | Economic Costs vs. Accounting Costs

8. Perfect Competition
Firms Are Price Takers | Making Decisions at the Margin | Consumer and Producer Surplus

9. Monopoly
Market Power | Deadweight Loss with a Monopoly | Monopolies and Government

10. Oligopoly
Collusion | Cheating the Cartel | Government Intervention in Oligopolies

11. Monopolistic Competition
Competing via Product Differentiation | Loss of Surplus with Monopolistic Competition

The Insights and Limitations of Economics

Genres: Economics, Nonfiction, Finance

134 pages, Paperback

First published May 18, 2014

Reviews

[Ankit · Rating 4 out of 5]

For the uninitiated, this book would definitely help someone to bring up to speed, probably in the quickest way possible and for others, it would be a refresher of sorts. This book delivers on its promise albeit with a rider, that the text should be used as a supplement to a more thorogh treatise on this subject.

[Hugo Fostin Hokianto · Rating 5 out of 5]

For a book that explains the simplified version of microeconomics textbooks, this book fulfills what it wants to achieve. With quick and to the point explanation, this book is very useful for people who wants to get quick in-depth before entering subject of economics (or microeconomics), for refreshing your mind about the subject, or as a supplementary when paired with your college textbook.

Good book, and it is needed to be reminded (written on the book) that the purpose of this book is not to replace your textbook. Also I'm really thankful for the additional resources that the author gave in this b0ok. It is very useful if you want to completely understand microeconomics.

[John Warner · Rating 3 out of 5]

Since I am to teach a course in health economics for the first time after taking several economics courses in the late 1980s, I thought it might be good to refresh my knowledge in microeconomics. I wanted to find a book that would give me a foundational knowledge. This book fit the bill covering basic economic principles and different type of markets. Each chapter includes a sumary of major points and a glossary of economic terms. I found this book so easy to read and comprehend, I am asking each student to purchase this book, too, as a reference of basic concepts if needed.

[Vanessa · Rating 3 out of 5]

This was a great book to get started learning about economics. The writing is clear and easy to understand, and there are a lot of charts & graphs as visuals.

Because it's so short, it left me with a lot of questions. I actually wish it had been a bit more detailed or covered some of the topics more. But overall it's a great jumping off point for someone who is new to microeconomics.

[Nikhil Katyayana · Rating 5 out of 5]

A quick read to get to know about the very basics of microeconomics and to get familiar with all the economics jargons..I read it before taking my first economics course and it really gave me an edge as I was familiar with most of the basics after reading this book..

[Raul Medina · Rating 4 out of 5]

Help me on my homework

If I am being quite honest this is better as a textbook then the textbook that they gave and college courses. Maybe it doesn't have the entire amount, But it does help understanding microeconomics.

[Alan Lukoma · Rating 5 out of 5]

Like it

In my opinion this book gives you a chance to refresh your basics in economics . It was a pleasure reading it. Thanks!

[Faith Mahlatsi · Rating 5 out of 5]

Economics made easy

The book uses practical examples and is written in an uncomplicated manner. It ignites more interest in the subject. Excellent!

[Dimitri T · Rating 4 out of 5]

If you want, you got it here

Very quick read on microeconomic terms and concepts. Very few charts and graphs to simplify understanding. For the price, it accomplishes this.

[Bhat Anayat]

Best book

[Stephen · Rating 4 out of 5]

READ DEC 2016

Good overall review of micro-enconomics.

[Rostam · Rating 4 out of 5]

its not bad.

[Usama]

its amazing