Economics of the firm: theory and practice

Abstract

Introduction to microeconomic analysis buyers, sellers, firms and markets buyer demand - the cardinal utility model buyer demand - the indifference curve and attribute models demand functions, revenue functions and elasticity production functions and technology determining the conditions for efficient production cost analysis the profit motive and other goals of the firms how markets function - the model of perfect competition how markets function - the case of monopoly how markets function - the model of monopolistic competition how markets function - the many models of oligopoly the economics of firms with multiple prices, plants, products or objectives the five competitive forces competitive advantage how resource markets function general equilibrium - concepts and analysis.

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