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Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less (Financial Topics in 100 Pages or Less) Kindle Edition

by Austin Frakt (Author), Mike Piper (Author) Format: Kindle Edition
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Find all of the following topics, explained in plain-English:
Introduction
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
Conclusion: The Insights and Limitations of Economics
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  1. Part of series
    Financial Topics in 100 Pages or Less
  2. Print length
    136 pages
  3. Language
    English
  4. Sticky notes
    On Kindle Scribe
  5. Publication date
    May 18, 2014
  6. File size
    1092 KB
  7. Page Flip
    Enabled
  8. Word Wise
    Enabled
  9. Enhanced typesetting
    Enabled
  10. See all details
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Product details

  • ASIN ‏ : ‎ B00KFN1OZM
  • Publisher ‏ : ‎ Simple Subjects, LLC (May 18, 2014)
  • Publication date ‏ : ‎ May 18, 2014
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 1092 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Sticky notes ‏ : ‎ On Kindle Scribe
  • Print length ‏ : ‎ 136 pages
  • Customer Reviews:

About the authors

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  1. Mike Piper

    Mike Piper

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    Full content visible, double tap to read brief content.

    Mike Piper is the author of several personal finance books and the popular blog Oblivious Investor (obliviousinvestor.com). He is a Missouri Licensed CPA. Mike's writing has been featured in many places, including The Wall Street Journal, Money Magazine, AARP Magazine, Forbes, CBS News, MarketWatch, and Morningstar.

    See more on the author's page
  2. Austin Frakt

    Austin Frakt

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    Full content visible, double tap to read brief content.

    Austin Frakt is a health economist with the Department of Veterans Affairs and an associate professor at Boston University. He does research in health policy and economics and has published in the top peer-reviewed journals in his field. He founded and is co-editor in chief of the health policy blog TheIncidentalEconomist.com and is a regular contributor to The New York Times.

    See more on the author's page
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Customer reviews

4.4 out of 5 stars
241 global ratings

Top reviews from the United States

Paul Williams
5.0 out of 5 stars Microeconomics Review
Reviewed in the United States on July 17, 2022
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Excellent review of the material. I think this will help me in preparing and bettering my lesson plans for my students. The glossary was very helpful and covered all of the definitions we need for the class.
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Raul Medina
4.0 out of 5 stars Help me on my homework
Reviewed in the United States on December 10, 2022
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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.
One person found this helpful
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Philip Cheuk
5.0 out of 5 stars MUST BUY THIS BOOK!
Reviewed in the United States on November 18, 2019
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This is a great book that covers main topics in microeconomics do not use this and expect to pass a test it's just a review and it does a good job at it. Make sure to review the material in more detail from your text book but overall this book does a great job explaining the foundations of microeconomics.
One person found this helpful
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Shanda
5.0 out of 5 stars If you are new to economics this book is a great assistant.
Reviewed in the United States on April 16, 2019
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This was a really good book. My economic class was 5 weeks fast track. This book helped me grasp the terms and gave examples simple to understand. I would definitely recommend this book especially if you are new to economics like I was. I give it 5 stars bc it's that good.
5 people found this helpful
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Ignacio Zamora
3.0 out of 5 stars An ok book about an interesting subject
Reviewed in the United States on January 18, 2021
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The book doesn’t present the information in a great and easy to follow format. It does it’s basic job of informing but they didn’t go the extra step of adding enough material (Examples, illustrations, additional information) that will make the reader truly understand the concepts and retain the information for a long term. It was just ok, but I wouldn’t use it as my main source of information on the subject for someone wanting to get started on the topic.
One person found this helpful
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Dimitri T
4.0 out of 5 stars If you want short, you got it here
Reviewed in the United States on February 8, 2021
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Very quick read on microeconomic terms and concepts. Very few charts and graphs to simplify understanding. For the price, it accomplishes this.
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Darrow Kirkpatrick
5.0 out of 5 stars Wish I Had This in College!
Reviewed in the United States on September 8, 2014
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...I would have understood microeconomics and its applications better, and probably would have been more interested in the subject. Piper and Frakt do an efficient job defining basic economic concepts, and explaining firm behavior in different types of markets. There is enough information to quickly get a handle on the key concepts, without being overwhelmed by detail. I also appreciated the reflections on the role and limitations of economics and its various sub-fields….
12 people found this helpful
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Faith Mahlatsi
5.0 out of 5 stars Economics made easy
Reviewed in the United States on October 11, 2019
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The book uses practical examples and is written in an uncomplicated manner. It ignites more interest in the subject. Excellent!
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Top reviews from other countries

H. Le
5.0 out of 5 stars Simple and straight to the point
Reviewed in Canada on August 23, 2018
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Simple and straight to the point. I dont have a lot of times to delve into textbook economy. I can google some concepts that need further explanation.
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Mimi
5.0 out of 5 stars Simple but intense contents
Reviewed in Japan on May 6, 2020
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As the title, the book explained the complex economics theory in brief but covered necessarily economics basic knowledge. It is recommended to students who started to study economics.
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Safia tariki
5.0 out of 5 stars Buy it.
Reviewed in France on August 21, 2016
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Best book for beginners. It helped me to understand the basics. It's great for economic students. Thank you for this book.
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Tooley52
3.0 out of 5 stars Thank you, but...
Reviewed in the United Kingdom on December 16, 2014
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Not a friendly book. It had definitions of basis economic concepts but they were not readily reconciled with each other and and I had to keep on going back to check distinctions. I hope there are more helpful texts about..
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K. Smith
3.0 out of 5 stars Three Stars
Reviewed in Australia on September 11, 2015
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Ok...
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