Microeconomics Key Graphs Production Possibility Frontiers (opportunity costs, international trade) Circular Flow Model (w/ three-factor
tor circular flow) Market Supply and Demand (consumer/producer surplus, market distortions, elasticity, utility maximization) Short Run Production Relationships Long Run Cost Curves Monopoly Model and Natural Monopoly Model Monopolistic Competition Pay off matrix Duopoly Game Theory Resource Markets-Marginal Production Analysis Monopsony Least Cost Rule/Profit Maximizing Rule Externalities
Production Possibility Frontier
Circular Flow Model
Market Supply and Demand
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Consumer and Producer Surplus
11
Price Ceilings and Floors
12
Price Elasticity of Demand
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Taxes and Deadweight Loss
14
Utility Maximization by Consumers
15
Short Run Production Relationships
16
17
18
Short Run Perfect Competition
19
Long Run in Perfect Competition
20
21
Economies of Scale Returns to Scale Diseconomies of Scale
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Monopoly
23
24
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Monopolistic Competition
26
Oligopoly Game Theory
Pay Off Matrix Duopoly
27
Marginal Revenue Production Analysis
28
Marginal Revenue Product Analysis
29
Perfect Competition in the Resource Market
30
Monopsony
31
Profit Maximizing Use of Resources by Firms
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