Cover; Title Page; Copyright; Contents; Preface; Acknowledgments; Introduction; Rationale; Organization; Method; Reader Outcomes; Themes; Relevance and Applicability; References; Notes; Chapter 1 Production; 1.1 The Production Function; 1.2 The ""Law'' of Variable Proportions; 1.3 Substitution; 1.4 Measuring Substitution; 1.5 Specific ""Functional Forms'' for Production Functions; 1.6 Attributing Products to Inputs: Distributing Income from Production; 1.7 Efficiency and the Choice of How to Produce; 1.8 Predictions of Production Theory 1: Input Price Changes. 1.9 Predictions of Production Theory 2: Technological Changes1.10 Stocks and Flows; 1.11 The Distribution of Income; 1.12 Production Functions in Achaemenid Babylonia; References; Suggested Readings; Notes; Chapter 2 Cost and Supply; 2.1 The Cost Function; 2.2 Short Run and Long Run; 2.3 The Relationship between Cost and Production; 2.4 Producers' Objectives; 2.5 Supply Curves; 2.6 Demands for Factors of Production; 2.7 Factor Costs in General: Wages and Rents; 2.8 Allocation of Factors across Activities; 2.9 Organizing Production: The Firm; 2.10 A More General Treatment of Cost Functions. 2.11 The Economics of Mycenaean Vases, I: Supply and Cost2.12 Accounting for Apparent Cost Changes in Minoan Pottery; 2.13 Production in an Entire Economy: The Production Possibilities Frontier; References; Suggested Readings; Notes; Chapter 3 Consumption; 3.1 Rationality of the Consumer; 3.2 The Budget; 3.3 Utility and Indifference Curves; 3.4 Demand; 3.5 Demand Elasticities; 3.6 Aggregate Demand; 3.7 Evaluating Changes in Wellbeing; 3.8 Price and Consumption Indexes; 3.9 Intertemporal Choice; 3.10 Durable Goods and Discrete Choice; 3.11 Variety and Differentiated Goods. 3.12 Value of Time and Household Production3.13 Risk, Risk Aversion, and Expected Utility; 3.14 Irrational Behavior; 3.15 Fixed Prices; 3.16 Applying Demand Concepts: Relationships between Housing Consumption, Housing Prices, and Incomes in Pompeii; 3.17 The Economics of Mycenaean Vases, II: Demand; References; Suggested Readings; Notes; Chapter 4 Industry Structure and the Types of Competition; 4.1 Perfect Competition; 4.2 Competitive Equilibrium; 4.3 Monopoly; 4.4 Oligopoly; 4.5 Monopolistic Competition; 4.6 Contestable Markets; 4.7 Buyer's Power: Monopsony. 4.8 The Economics of Mycenaean Vases, III: Industry Structure4.9 Ancient Monopoly and Oligopoly: Religion and Foreign Trade; References; Suggested Readings; Notes; Chapter 5 General Equilibrium; 5.1 General Equilibrium as a Fact and as a Model; 5.1.1 The facts; 5.1.2 The models; 5.1.3 The questions; 5.2 The Walrasian Model; 5.3 Exchange; 5.4 The Two-Sector Model; 5.4.1 The basics with the Lerner-Pearce diagram; 5.4.2 Growth in factor supplies; 5.4.3 Technical change; 5.5 Existence and Uniqueness of Equilibrium; 5.6 Computable General Equilibrium Models; References; Suggested Readings; Notes.