Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword or section
Like this
172Activity

Table Of Contents

0 of .
Results for:
No results containing your search query
P. 1
economics

economics

Ratings: (0)|Views: 2,289 |Likes:
Published by api-19807868

More info:

Published by: api-19807868 on Nov 30, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

03/18/2014

pdf

text

original

by
R. Preston McAfee
J. Stanley Johnson Professor of
Business, Economics & Management
California Institute of Technology
x
y
Initial
Choice
Introduction to Economic Analysis
McAfee: Introduction to Economic Analysis,http:// www. introecon.com, November 8, 2005
i
pY\u2191
Compensated
Choice
qA*
Tax
p
q
DBefore Tax
SBefore Tax
qB*
Tax
Revenue

Dead
Weight
Loss

0.1
0.2
0.3
0.4
-0.04
-0.02
0.02
S&
S
Stable Equilibrium
Unstable Equilibrium
1
2
McAfee: Introduction to Economic Analysis,http:// www. introecon.com, November 8, 2005
ii
Dedication to this edition:
For Sophie. Perhaps by the time she goes to university, we\u2019ll have won the war
against the publishers.
Disclaimer:
This is the second draft. Please point out typos, errors or poor exposition,
preferably by email tointro@mcafee.cc. Your assistance matters.

In preparing this manuscript, I have received assistance from many people, including Steve Bisset, Grant Chang-Chien, Ben Golub, Dr. John Ryan and Anthony B. Williams.

Introduction to Economic Analysis
McAfee: Introduction to Economic Analysis,http:// www. introecon.com, November 8, 2005
iii
Version 1.10
by
R. Preston McAfee
J. Stanley Johnson Professor of
Business, Economics & Management
California Institute of Technology
Begun: June 24, 2004
This Draft: November 8, 2005

This book presents introductory economics (\u201cprinciples\u201d) material using standard
mathematical tools, including calculus. It is designed for a relatively
sophisticated undergraduate who has not taken a basic university course in
economics. It also contains the standard intermediate microeconomics material
and some material that ought to be standard but is not. The book can easily
serve as an intermediate microeconomics text. The focus of this book is on the
conceptual tools and not on fluff. Most microeconomics texts are mostly fluff and
the fluff market is exceedingly over-served by $100+ texts. In contrast, this book
reflects the approach actually adopted by the majority of economists for
understanding economic activity. There are lots of models and equations and no
pictures of economists.

This work is licensed under the Creative Commons Attribution-
NonCommercial-ShareAlike License. To view a copy of this license, visit
http://creativecommons.org/licenses/by-nc-sa/2.0/
or send a letter to Creative Commons, 559 Nathan Abbott Way, Stanford, California
94305, USA.
Please email changes to intro@mcafee.cc.

Activity (172)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Muhammad muneeb liked this
Dipu1547 liked this
brumika liked this
Sandra Kapinga liked this
ak_1234 liked this
Manish Tawde liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->