Microeconomics as a second language / by Martha L. Olney.

Includes index.

Chapter 1: Economics Tools -- Math and Graphing -- Introduction to Economics -- Economic Models -- Mathematical Tools -- Graphing -- Conclusion -- Chapter 2: Production Possibilities Frontier, Economic Growth, and Gains from Trade -- The Production Possibilities Frontier -- Economic Growth -- Gains from Trade -- Chapter 3: Demand and Supply -- Overview of Model of Demand and Supply -- Demand -- Supply -- Equilibrium -- Changes of Equilibrium -- Chapter 4: Extensions of the Demand and Supply Model -- Price Floors and Price Ceilings -- Excise Taxes -- Elasticity -- Consumer and Producer Surplus -- Deadweight Loss of a Tax -- Chapter 5: Consumer Theory -- Utility Maximization -- Budget Constraint -- Indifference Curves -- Consumer Equilibrium and the Demand Curve -- Income and Substitution Effects -- Chapter 6: Perfectly Competitive Firms -- Production and Profit Maximization -- Product Curves, Cost Curves, and Profit Maximization -- Long-Run Average Cost -- Maximizing Profit -- Types of Industries -- Profit -- Shut Down or Produce? -- In the Long Run, Economic Profit Equals Zero -- Chapter 7: Imperfect Competition -- Monopoly -- Monopolistic Competition -- Oligopoly -- Chapter 8: Market Failure: Externalities and Public Goods -- Externalities -- A Graphical Approach: Negative Externality -- A Graphical Approach: Positive Externality -- Avoiding Government Intervention: The Coase Theorem -- Public Goods -- Chapter 9: Factor Markets -- Labor Markets -- Labor Supply -- Labor Demand -- Labor Market Equilibrium -- Changes of Labor Market Equilibrium -- Misuse of the Labor Market Model -- Land Markets -- Markets for Physical Capital.