Microeconomics
Equilibrium and Efficiency
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Product details:
- Edition number 2013
- Publisher Bloomsbury Academic
- Date of Publication 26 April 2013
- Number of Volumes Hardback
- ISBN 9780230201125
- Binding Hardback
- No. of pages370 pages
- Size 246x189 mm
- Weight 921 g
- Language English 0
Categories
Short description:
Microeconomics: Equilibrium and Efficiency is an innovative textbook that introduces microeconomic theory in an applied way, making use of real-world empirical examples.
Key benefits:
· Concise and intuitive: students will not only become familiar with the building blocks of the subject, but also gain a broad understanding of microeconomic theory and models.
· Empirical, real-world examples: all economic concepts are developed in a measurable way. Performance measures are derived and applied to firms, industries, and national economies.
· Systemic approach: the economy is considered as a system, looking at how its different parts interact, how prices are formed and how markets are interconnected.
· Unique innovations: for example, general equilibrium theory is introduced making use of Negishi's method – that is, equilibrium analysis follows the techniques used in empirical models.
· Coverage of modern topics such as environmental economics, information and optimal search, and the theory of inequality measurement.
· End-of-chapter summaries and exercises, with answers in the appendix.
Thijs ten Raa's unique approach bridges the gap between microeconomic theory and applied economics, helping students understand applied models that are used widely in industry, economic planning, trade, and environmental studies. Written in a lucid, clear and direct style, it is an ideal textbook for advanced undergraduate and graduate students.
Long description:
Microeconomics: Equilibrium and Efficiency teaches how to apply microeconomic theory in an innovative, intuitive and concise way. Using real-world, empirical examples, this book not only covers the building blocks of the subject, but helps gain a broad understanding of microeconomic theory and models.
MoreTable of Contents:
PART I: ECONOMIC PRINCIPLES
Economic Building Blocks and the Importance of Elasticities
Scarcities and how they are Priced
PART II: THE DEMAND SIDE OF THE ECONOMY
Utility and Expenditures
Demand: Income and Substitution Effects
Measuring Consumer Well-being
PART III: THE SUPPLY SIDE OF THE ECONOMY
Production Analysis: Inputs, Outputs, Coefficients, and Productivity
Production Functions
Supply and Market Power
PART IV: BUILDING THE MODEL OF THE ECONOMY
Equilibrium
Efficiency Theory
PART V: PUTTING THE MODEL TO USE
Measuring Economic Performance
Market Forms and Competition Policy
Public Economics
PART VI: MARKET IMPERFECTIONS
Game Theory and the New Industrial Organization
Analyzing Uncertainty and Missing Information
Search, Transaction, and Switching Costs.
