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Y1 - Microeconomics 1

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Summary

Week 5

Universiteit van Amsterdam · Economics and Business Economics

Y1 - Microeconomics 1

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Chapter 8: Profit maximization and competitive supply
8.1 Perfectly competitive markets
8.2 Profit Maximisation
8.3 Marginal revenue, marginal cost, and profit maximization
8.4 Choosing output in the short run
8.5 The short-run supply curve
8.6 The short-run market supply curve
8.7 Choosing the output in the long run
8.8 Long-run market supply curve
Chapter 9: The Analysis of Competitive Markets
9.1 Evaluating the Gains and Losses from Government Policies
9.2 The Efficiency of a Competitive Market
9.3 Minimum Prices
9.4 Price Supports and Production Quotas
9.5 Import duties and import quotas
9.6 The Impact of a Tax or Subsidy

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