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
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