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[Sacofjoea]

Chapter 4 – Demand

I. What Is Demand?
A. An Introduction to Demand
B. The Demand Schedule
C. Demand Illustrated

II. The Law of Demand
A. Change in the Quantity Demanded
1. The Income Effect
2. The Substitution Effect
B. Change in Demand
1. Consumer Income
2. Consumer Tastes
3. Prices of Related Products
C. Diminishing Marginal Utility

III. Elasticity of Demand
A. Demand Elasticity
1. Elastic Demand
2. Inelastic Demand
3. Specific vs. General Market
B. Total Receipts Test
1. How to Determine Total Receipts
2. Three Results
3. Total Receipts Illustrated
4. Elasticity and Pricing Policies
C. Determinants of Demand Elasticity
1. Can the Purchase Be Delayed?
2. Are Adequate Substitutes Available?
3. Does the Purchase Use a Large Portion of Income?

Chapter 5 – Supply

I. What Is Supply?
A. An Introduction to Supply
B. Supply and the Supply Schedule
1. Supply Curve
2. Law of Supply
C. Change in Quantity Supplied
D. Change in Supply
1. Cost of Inputs
2. Productivity
3. Technology
4. Number of Sellers
5. Taxes and Subsidies
6. Expectations
7. Government Regulation
E. Elasticity of Supply
1. Supply Elasticities
2. Determinants of Supply Elasticity
3. Comparing Demand and Supply Elasticity

II. The Theory of Production
A. Law of Variable Proportions
B. The Production Function
1. Total Product
2. Marginal Product
C. Three Stages of Production
1. STAGE I: Increasing Returns
2. STAGE II: Diminishing Returns
3. STAGE III: Negative Returns

III. Supply and the Role of Cost
A. Productivity and Cost
B. Measures of Cost
1. Fixed Cost
2. Variable Cost
3. Total Cost
4. Marginal Cost
C. Practical Applications of Cost Principles
1. Gas Stations
2. Movie Theaters
D. Measures of Revenue
1. Total Revenue
2. Marginal Revenue
E. Marginal Analysis
1. Break-even Analysis
2. Profit Maximization

Chapter 6 – Prices and Decision Making

I. Prices as Signals
A. Advantages of Prices
1. Neutral
2. Flexible
3. Freedom of Choice
4. No Administrative Cost
5. Efficient
B. Allocations Without Prices
1. The Problem of Fairness
2. High Administrative Cost
3. Diminished Incentives

II. How Prices are Determined
A. The Adjustment Process
1. An Economic Model
2. Market Equilibrium
3. Surplus
4. Shortage
5. Equilibrium Price
B. A Touch of Realism

III. The Price System at Work
A. Prices as a System
B. What Happens When Prices Are Fixed?
1. Price Ceilings
2. Price Floors
3. Changes in Supply
4. Demand Elasticity
5. Changes in Demand
C. Agricultural Price Supports
1. Loan Supports
2. Deficiency Payments
D. When Markets Talk

Chapter 7 – Competition, Market Structures, and the Role of Government

I. Competition and Market Structures
A. Pure Competition
1. Conditions for Pure Competition
2. Profit Maximization
3. A Theoretical Situation
B. Monopolistic Competition
1. Product Differentiation
2. Nonprice Competition
3. Profit Maximization
C. Oligopoly
1. Interdependent Behavior
2. Pricing Behavior
3. Profit Maximization
D. Monopoly
1. Natural Monopoly
2. Geographic Monopoly
3. Technological Monopoly
4. Government Monopoly
5. Profit Maximization

II. Market Failures
A. Inadequate Competition
1. Dangers of Monopolies
2. Economic and Political Power
3. Both Sides of the Market
B. Inadequate Information
C. Resource Immobility
D. Externalities
1. Negative Externality
2. Positive Externality
3. Externalities as Market Failures
E. Public Goods

III. The Role of Government
A. Antitrust Legislation
1. Sherman Antitrust Act
2. Clayton Antitrust Act
3. Federal trade Commission Act
4. Robinson-Patman Act
B. Government Regulation
C. Public Disclosure
D. Modified Free Enterprise

Chapter 8 – Employment, Labor, and Wages

I. The Labor Movement
A. Unions and the Labor Force
B. Early Union Development
C. Civil War to the 1930s
1. Types of Unions
2. Union Activities
3. Employer Resistance
4. Attitude of the Courts
D. Labor During the Great Depression
1. Unemployment and Wages
2. Prounion Legislation
E. Labor Since WWII
1. Antiunion Legislation
2. AFL-CIO
3. Independent Unions

II. Resolving Union and Management Differences
A. Kinds of Union Arrangements
1. Closed Shops
2. Union Shops
3. Modified Union Shops
4. Agency Shops
B. Collective Bargaining
1. Mediation
2. Arbitration
3. Fact-Finding
4. Injunction and Seizure
5. Presidential Influence

III. Labor and Wages
A. Categories of Labor
B. Noncompeting Labor Grades
1. Cost of Education and Training
2. Lack of Opportunity
3. Lack of Initiative
C. Wage Determination
1. Traditional Theory of Wages
2. Theory of Negotiated Wages
D. Regional Wage Differences
1. Labor Mobility
2. Cost of Living
3. Location

IV. Employment Trends and Issues
A. Decline of Union Influence
1. Reasons for Decline
2. Renegotiating Union Wages
B. Lower Pay for Women
1. Gender and Occupation
2. Discrimination
3. Comparable Worth
4. Set-Aside Contracts
C. The Minimum Wage

[JungleMan]

Nice idea..

[sail3005]

i was thinking the same thing

[Sacofjoea]

.

[nishantp]

Business class or something?

[Sacofjoea]

yes please..

[beachbum]

I posted a 20 page essay reply but unfortunately i forgot to press Ctrl-A, Ctrl-C before i clicked Submit and I lost it all. I should have had the hard copy as backup, but my dog ate that.