Topical Outline
The body of the book is 353 pages. Topics and applications covered (all in terms of theory) include the following.
- Part I
- introduction
- equilibrium systems (such as for a market or economy)
- maximizing behavior (such as to profits by a firm and utility by a consumer) in the calculus
- sales-tax increase on equilibrium for a firm
- comparative statics (changes in prices and quantities and other equilibrium variables when underlying conditions change)
- cost and production
- consumer's behavior
- transformations, elasticities, composite commodities, index numbers, and rationing
- cardinal utility, constancy of the marginal utility of income, and consumer's surplus
- welfare economics
- Part II
- stability of equilibrium systems, dynamics (disturbances in equilibrium), and comparative statics
- the Keynesian system
- linear and nonlinear systems
- Malthusian and optimum population
- dynamics
- the business cycle
- endogenous models
- mixed exogenous-endogenous theories
- mixed systems of a linear-stochastic type
- conclusions (on neoclassical theory from Walras to hints of the future in comparative dynamics, the comparative-statics counterpart of dynamic systems)
Read more about this topic: Foundations Of Economic Analysis
Famous quotes containing the word outline:
“It is the business of thought to define things, to find the boundaries; thought, indeed, is a ceaseless process of definition. It is the business of Art to give things shape. Anyone who takes no delight in the firm outline of an object, or in its essential character, has no artistic sense.... He cannot even be nourished by Art. Like Ephraim, he feeds upon the East wind, which has no boundaries.”
—Vance Palmer (1885–1959)