Chapter 22 Frontiers of Microeconomics Gregory Mankiw

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Chapter 22. Frontiers ofMicroeconomics. Gregory Mankiw. Principles of Economics. 7th edition. • Introduction • Asymmetric Information • Asymmetric Information - Hidden Actions: Principals, Agents, and Moral Hazard • Asymmetric Information - Hidden characteristics: Adverse Selection and the Lemons Problem • Asymmetric Information - Signaling to Convey Private Information • Asymmetric Information - Screening to Uncover Private Information • Asymmetric Information - Asymmetric Information and Public Policy • Political Economy -The Condorcet Voting Paradox • Political Economy -Arrow’s Impossibility Theorem • Political Economy -The Median Voter Is King • Political Economy –Politicians are people too. • Behavioral Economics - People Aren’t Always Rational • Behavioral Economics - People Care about Fairness • Behavioral Economics - People Are Inconsistent over Time • Conclusion","styleRuns":[{"startIndex":0,"length":853,"styleRunExtensions":{"styleRunColorMapExtension":{"colorMap":[{"key":"USER_INTERFACE_THEME_DARK","value":4294967295},{"key":"USER_INTERFACE_THEME_LIGHT","value":4279440147}]}},"fontFamilyName":"Roboto"}]},"headerRuns":[{"startIndex":0,"length":853,"headerMapping":"ATTRIBUTED_STRING_HEADER_MAPPING_UNSPECIFIED"}]}},{"itemSectionRenderer":{"contents":[{"continuationItemRenderer":{"trigger":"CONTINUATION_TRIGGER_ON_ITEM_SHOWN","continuationEndpoint":{"clickTrackingParams":"CKMCELsvGAIiEwjSp_D8nu2JAxUKRXoFHf2dK2A=","commandMetadata":{"webCommandMetadata":{"sendPost":true,"apiUrl":"/youtubei/v1/next"}},"continuationCommand":{"token":"Eg0SC004bV9aLTZKZDEwGAYyJSIRIgtNOG1fWi02SmQxMDAAeAJCEGNvbW1lbnRzLXNlY3Rpb24%3D","request":"CONTINUATION_REQUEST_TYPE_WATCH_NEXT"}}}}],"trackingParams":"CKMCELsvGAIiEwjSp_D8nu2JAxUKRXoFHf2dK2A=","sectionIdentifier":"comment-item-section","targetId":"comments-section"}}],"trackingParams":"CKICELovIhMI0qfw_J7tiQMVCkV6BR39nStg"}},"secondaryResults":{"secondaryResults":{"results":[{"compactVideoRenderer":{"videoId":"waGmSbjJTjM","thumbnail":{"thumbnails":[{"url":"https://i.ytimg.com/vi/waGmSbjJTjM/hqdefault.jpg?sqp=-oaymwEbCKgBEF5IVfKriqkDDggBFQAAiEIYAXABwAEG rs=AOn4CLD1_vcnGxkUrMzQaAaYTqSTMs7dBA","width":168,"height":94},{"url":"https://i.ytimg.com/vi/waGmSbjJTjM/hqdefault.jpg?sqp=-oaymwEcCNACELwBSFXyq4qpAw4IARUAAIhCGAFwAcABBg== rs=AOn4CLAV35sz2jOj9ufPrQmWhUxrsrVNTQ","width":336,"height":188}]},"title":{"accessibility":{"accessibilityData":{"label":"Chapter 19. 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