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Contents
- Introduction
- Learning outcomes
- 1 Keynes in context
- 2 Planned and actual values
- 3 The consumption function
- 4 Modelling equilibrium
- 5 When equilibrium is not enough
- 6 The aggregate demand model with government and fiscal policy
- 7 Zooming in on firms
- 7.1 Facing the competition
- 7.2 Microeconomics – what is a firm?
- 7.3 Production cost
- 7.4 Cost curves
- Long run average cost (LRAC) curves
- Economies of scale
- Types of economies of scale (1)
- Types of economies of scale (2)
- Costs in the short run
- Short run average cost (SRAC) curves (1)
- Short run average cost (SRAC) curves (2)
- Fixed and variable costs
- Short run cost curves (1)
- Short run cost curves (2)
- Short run cost curves (3)
- Short run cost curves (4)
- Cost curve summary
- 7.5 Marginal cost curves
- 7.6 Using evidence
- 7.7 Summary
- 8 Conclusion
- Keep on learning
- References
- Acknowledgements
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