Linked e-resources
Details
Table of Contents
Preface; Motivation for the Book; Innovations in the Book; About the Audience; Acknowledgements; References; Contents; 1 Economics as a Science; 1.1 Classification of Economics; 1.2 The Axioms of Economics; 1.2.1 Regular Needs of Human Beings; 1.2.2 Business Competition and Rational Behavior; 1.2.3 The Birth of Organizations; 1.2.4 The Principle of Modeling in Economics; 1.3 Forecasting Human Behavior; 1.3.1 Predictability of Economic Events; 1.4 Frameworks of Economic Modeling; 1.4.1 The Neoclassical Framework and Its Critique; 1.4.2 Econophysics.
1.4.3 A Dynamic Extension to Neoclassical Economics1.4.4 Decision-Making Steelyard; 1.5 A Summary of the Methodological Basis of Economics; References; 2 Measuring in Economics; 2.1 Principles of Dimensional Analysis; 2.2 A Measurement System for Economics; 2.2.1 Measurement of Volume of Goods; 2.2.2 Measurement of Time; 2.2.3 Measurement of Monetary Values; 2.2.4 Measurement of Satisfaction; 2.2.5 Primary Dimensions in Economics; Examples of Dimensional Calculations; Examples of Measurement in Economics; 2.3 Nominal and Real Quantities; 2.3.1 How Do We Use Real Quantities?
2.3.2 Internal and External Value of a CurrencyNominal Exchange Rate; Purchasing Power and Real Exchange Rate; 2.4 Discrete and Continuous Quantities; 2.5 Measuring Changes in Scalars; 2.6 Measuring Changes in Values; 2.6.1 Changes in Values in Discrete Time; Logarithms in Measuring Value Changes; 2.6.2 Changes in Values in Continuous Time; 2.6.3 Interest Rate; 2.7 Economic Kinematics; 2.7.1 Average Velocity of Production; 2.7.2 Instantaneous Velocity of Production; 2.7.3 Velocity and Accumulated Production; 2.7.4 Average Acceleration of Production.
2.7.5 Instantaneous Acceleration of Production2.7.6 Kinematics of a Two-Good Production System; 2.8 Index Numbers; 2.8.1 Index Numbers as Average Quantities; 2.9 The Production Function; References; 3 Consumer Behavior ; 3.1 The Axioms of Consumer Behavior; 3.2 A Consumer's Budget Equation; 3.3 A Consumer's Preferences; 3.4 A Consumer's Optimal Choice; 3.5 Utility Function and Indifference Curves; 3.6 The Equilibrium State of a Consumer; 3.7 Dynamic Consumer Behavior; 3.7.1 Lagrangian Formulation of Consumer Behavior; 3.7.2 Marginal Willingness-to-Pay and Demand.
3.8 Newtonian Theory of a Consumer3.9 Aggregate Food Consumption; 3.10 Aggregate Demand Relation of Food; 3.11 Mathematical Appendix; References; 4 The Behavior of Firms; 4.1 Principles of Firms' Behavior; 4.1.1 Planning Firms' Behavior; 4.2 The Forms of Business Organization; 4.3 Revenues, Costs and the Profit of a Firm; 4.3.1 Problems in the Calculation of a Firm's Profit; 4.3.2 The Costs of Firms; 4.3.3 The Revenues of Firms; 4.4 The Production Decision of a Firm; 4.4.1 Production Decision by Revenues and Costs; 4.4.2 Production Decision by MarginalQuantities.
1.4.3 A Dynamic Extension to Neoclassical Economics1.4.4 Decision-Making Steelyard; 1.5 A Summary of the Methodological Basis of Economics; References; 2 Measuring in Economics; 2.1 Principles of Dimensional Analysis; 2.2 A Measurement System for Economics; 2.2.1 Measurement of Volume of Goods; 2.2.2 Measurement of Time; 2.2.3 Measurement of Monetary Values; 2.2.4 Measurement of Satisfaction; 2.2.5 Primary Dimensions in Economics; Examples of Dimensional Calculations; Examples of Measurement in Economics; 2.3 Nominal and Real Quantities; 2.3.1 How Do We Use Real Quantities?
2.3.2 Internal and External Value of a CurrencyNominal Exchange Rate; Purchasing Power and Real Exchange Rate; 2.4 Discrete and Continuous Quantities; 2.5 Measuring Changes in Scalars; 2.6 Measuring Changes in Values; 2.6.1 Changes in Values in Discrete Time; Logarithms in Measuring Value Changes; 2.6.2 Changes in Values in Continuous Time; 2.6.3 Interest Rate; 2.7 Economic Kinematics; 2.7.1 Average Velocity of Production; 2.7.2 Instantaneous Velocity of Production; 2.7.3 Velocity and Accumulated Production; 2.7.4 Average Acceleration of Production.
2.7.5 Instantaneous Acceleration of Production2.7.6 Kinematics of a Two-Good Production System; 2.8 Index Numbers; 2.8.1 Index Numbers as Average Quantities; 2.9 The Production Function; References; 3 Consumer Behavior ; 3.1 The Axioms of Consumer Behavior; 3.2 A Consumer's Budget Equation; 3.3 A Consumer's Preferences; 3.4 A Consumer's Optimal Choice; 3.5 Utility Function and Indifference Curves; 3.6 The Equilibrium State of a Consumer; 3.7 Dynamic Consumer Behavior; 3.7.1 Lagrangian Formulation of Consumer Behavior; 3.7.2 Marginal Willingness-to-Pay and Demand.
3.8 Newtonian Theory of a Consumer3.9 Aggregate Food Consumption; 3.10 Aggregate Demand Relation of Food; 3.11 Mathematical Appendix; References; 4 The Behavior of Firms; 4.1 Principles of Firms' Behavior; 4.1.1 Planning Firms' Behavior; 4.2 The Forms of Business Organization; 4.3 Revenues, Costs and the Profit of a Firm; 4.3.1 Problems in the Calculation of a Firm's Profit; 4.3.2 The Costs of Firms; 4.3.3 The Revenues of Firms; 4.4 The Production Decision of a Firm; 4.4.1 Production Decision by Revenues and Costs; 4.4.2 Production Decision by MarginalQuantities.