## Microeconomics for Public DecisionsMicroeconomics for Public Decisions is a core textbook covering essential microeconomic principles and applying them to public decisions. It can and has been used without additional materials.It provides a systematic treatment of microeconomics fundamentals such as supply, demand, equilibrium, market processes, interventions, equity and efficiency, monopoly, and externalities. It also provides extensive coverage of advanced topics that concern public sector decisions, such as public goods, externalities, welfare analysis, imperfect information, risk and uncertainty, investments and discounting, cost-benefit analysis, and their unique complexities.Although this text is often used in teaching master's level graduate students and upper-division undergraduate students, since it does not require prior coursework or training in economics or calculus, it has been used as an introductory text.The relative lack of calculus should not be confused with a lack of rigor. This text explains economics with such clarity and precision that complex topics can be learned straightforwardly.This text does not provide an encyclopedic treatment of microeconomic theory. Instead it focuses on essential principles and analytic techniques for making decisions, successfully enabling students to apply microeconomics concepts to everyday decisions. |

### What people are saying - Write a review

We haven't found any reviews in the usual places.

### Contents

MARKET DYNAMICS AND INTERVENTIONS | 2-24 |

CHOICE AND DEMAND | 3-30 |

UTILITY MAXIMIZATION | 4-22 |

COSTS AND SUPPLY | 4-25 |

PRODUCTION FUNCTIONS | 5-15 |

PART 2 PUBLIC SECTOR ECONOMICS AND MARKET FAILURES | 5-24 |

EFFICIENCY AND EQUITY | 5-25 |

WELFARE ECONOMICS | 5-35 |

Table A5 Compound Interest Table for Discrete Cash Flows r 2 | 27 |

Table A6 Compound Interest Table for Discrete Cash Flows r 3 | 27 |

Table A7 Compound Interest Table for Discrete Cash Flows r 4 | 27 |

Table A8 Compound Interest Table for Discrete Cash Flows r 5 | 27 |

Table A9 Compound Interest Table for Discrete Cash Flows r 6 | 27 |

Table A10 Compound Interest Table for Discrete Cash Flows r 7 | 27 |

Table A11 Compound Interest Table for Discrete Cash Flows r 8 | 27 |

Table A12 Compound Interest Table for Discrete Cash Flows r 9 | 27 |

MONOPOLY | xiv |

EXTERNALITIES | xxviii |

PUBLIC GOODS | lii |

IMPERFECT INFORMATION | lxxvii |

PART 3 COSTBENEFIT ANALYSIS AND APPLICATIONS | cix |

INTERTEMPORAL COSTS AND BENEFITS | cx |

COSTBENEFIT ANALYSIS | cxxvii |

COSTBENEFIT APPLICATIONS | 7 |

EPILOGUE | 23 |

APPENDIX A | 24 |

Table A2 Compound Interest Table for Discrete Cash Flows r 05 | 26 |

Table A3 Compound Interest Table for Discrete Cash Flows r 075 | 27 |

Table A4 Compound Interest Table for Discrete Cash Flows r 1 | 27 |

Table A13 Compound Interest Table for Discrete Cash Flows r 10 | 27 |

Table A14 Compound Interest Table for Discrete Cash Flows r 12 | 27 |

Table A15 Compound Interest Table for Discrete Cash Flows r 15 | 27 |

Table A16 Compound Interest Table for Discrete Cash Flows r 18 | 27 |

Table A17 Compound Interest Table for Discrete Cash Flows r 20 | 27 |

Table A18 Compound Interest Table for Discrete Cash Flows r 25 | 27 |

Table A19 Compound Interest Table for Discrete Cash Flows r 30 | 30 |

Table A20 Compound Interest Table for Discrete Cash Flows r 35 | 35 |

APPENDIX B | 29 |

GLOSSARY | 42 |

42 | |

ENDNOTES | 47 |

### Other editions - View all

Microeconomics for Public Decisions Anne C. Steinemann,William C. Apgar,Howard James Brown No preview available - 2005 |

### Common terms and phrases

A F/A To Find additional adverse selection agency alternative Amount Factor Present average total costs benefits and costs cash flow Chapter Compound Amount Factor consider consumer surplus consumption cost-benefit analysis costs and benefits decrease demand curve discount rate economic effects efficiency elasticity of demand employees equal equilibrium equity evaluate example expected value F A/F To Find facilities Factor Gradient Factor Present Worth ferry Figure Find A Given Given A P/A Given P F/P impact fees imperfect information incentives income increase indifference curve individual instance interest rate Knotty Pine loss low-income marginal benefits marginal cost marginal utility monetary monopoly moral hazard opportunity cost outcomes park visits payment present value Present Worth Factor price elasticity Price Floor producer surplus profits quantity demanded quantity supplied risk social surplus subsidy supply curve total revenue Uniform Series unit willingness to pay