Microeconomics, EMEA Edition

Höfundar: David Besanko; Ronald Braeutigam (Útgáfa: 6)
Microeconomics, EMEA Edition

Kaup valmöguleikar

Microeconomics, 6th Edition gives students the most effective approach for learning microeconomic tools and concepts. This text provides an accessible, integrated structure with numerous practice problems, exercises, and engaging applications. Worked-out Learning-by-Doing problems, mathematical and graphical data, and verbal explanations enable business and economics majors to recognize significant data, patterns, and trends.

Nánar um bókina

Útgefandi
Wiley Global Education UK
ISBN
9781119670810
Print ISBN
9781119666134
Format
ePub
Útgáfa
6
Höfundar
David Besanko; Ronald Braeutigam
Tungumál
English
Útgefið
2020-06-16
Prent takmörkun á líftíma
100
Prent takmörkun
10
Afritunar takmörkun
2
Flokkar
Hagfræði

Kaflar

  • COVER
  • TABLE OF CONTENTS
  • ABOUT THE AUTHORS
  • PREFACE
  • ACKNOWLEDGMENTS
  • PART 1 INTRODUCTION TO MICROECONOMICS
  • 1 ANALYZING ECONOMIC PROBLEMS
  • 1.1 WHY STUDY MICRO-ECONOMICS?
  • 1.2 THREE KEY ANALYTICAL TOOLS
  • 1.3 POSITIVE AND NORMATIVE ANALYSIS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • 2 DEMAND AND SUPPLY ANALYSIS
  • 2.1 DEMAND, SUPPLY, AND MARKET EQUILIBRIUM
  • 2.2 PRICE ELASTICITY OF DEMAND
  • 2.3 OTHER ELASTICITIES
  • 2.4 ELASTICITY IN THE LONG RUN VERSUS THE SHORT RUN
  • 2.5 BACK-OF-THE-ENVELOPE CALCULATIONS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • APPENDIX: Price Elasticity of Demand along a Constant Elasticity Demand Curve
  • PART 2 CONSUMER THEORY
  • 3 CONSUMER PREFERENCES AND THE CONCEPT OF UTILITY
  • 3.1 REPRESENTATIONS OF PREFERENCES
  • 3.2 UTILITY FUNCTIONS
  • 3.3 SPECIAL PREFERENCES
  • 3.4 BEHAVIORAL ASPECTS OF CHOICE16
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • 4 CONSUMER CHOICE
  • 4.1 THE BUDGET CONSTRAINT
  • 4.2 OPTIMAL CHOICE
  • 4.3 CONSUMER CHOICE WITH COMPOSITE GOODS
  • 4.4 REVEALED PREFERENCE
  • 4.5 MAXIMIZING UTILITY USING LAGRANGE MULTIPLIERS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • APPENDIX: The Time Value of Money
  • 5 THE THEORY OF DEMAND
  • 5.1 OPTIMAL CHOICE AND DEMAND
  • 5.2 CHANGE IN THE PRICE OF A GOOD: SUBSTITUTION EFFECT AND INCOME EFFECT
  • 5.3 CHANGE IN THE PRICE OF A GOOD: THE CONCEPT OF CONSUMER SURPLUS
  • 5.4 MARKET DEMAND
  • 5.5 THE CHOICE OF LABOR AND LEISURE
  • 5.6 CONSUMER PRICE INDICES
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • PART 3 PRODUCTION AND COST THEORY
  • 6 INPUTS AND PRODUCTION FUNCTIONS
  • 6.1 INTRODUCTION TO INPUTS AND PRODUCTION FUNCTIONS
  • 6.2 PRODUCTION FUNCTIONS WITH A SINGLE INPUT
  • 6.3 PRODUCTION FUNCTIONS WITH MORE THAN ONE INPUT
  • 6.4 SUBSTITUTABILITY AMONG INPUTS
  • 6.5 RETURNS TO SCALE
  • 6.6 TECHNOLOGICAL PROGRESS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • APPENDIX: The Elasticity of Substitution for a Cobb–Douglas Production Function
  • 7 COSTS AND COST MINIMIZATION
  • 7.1 COST CONCEPTS FOR DECISION MAKING
  • 7.2 THE COST-MINIMIZATION PROBLEM
  • 7.3 COMPARATIVE STATICS ANALYSIS OF THE COST-MINIMIZATION PROBLEM
  • 7.4 SHORT-RUN COST MINIMIZATION
  • 7.5 MINIMIZING LONG-RUN COSTS USING LAGRANGE MULTIPLIERS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • APPENDIX:
  • 8 COST CURVES
  • 8.1 LONG-RUN COST CURVES
  • 8.2 SHORT-RUN COST CURVES
  • 8.3 SPECIAL TOPICS IN COST
  • 8.4 ESTIMATING COST FUNCTIONS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • APPENDIX: Shephard’s Lemma and Duality
  • PART 4 PERFECT COMPETITION
  • 9 PERFECTLY COMPETITIVE MARKETS
  • 9.1 WHAT IS PERFECT COMPETITION?
  • 9.2 PROFIT MAXIMIZATION BY A PRICE-TAKING FIRM
  • 9.3 HOW THE MARKET PRICE IS DETERMINED: SHORT-RUN EQUILIBRIUM
  • 9.4 HOW THE MARKET PRICE IS DETERMINED: LONG-RUN EQUILIBRIUM
  • 9.5 ECONOMIC RENT AND PRODUCER SURPLUS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • APPENDIX: Profit Maximization Implies Cost Minimization
  • 10 COMPETITIVE MARKETS: APPLICATIONS
  • 10.1 THE INVISIBLE HAND, EXCISE TAXES, AND SUBSIDIES
  • 10.2 PRICE CEILINGS AND FLOORS
  • 10.3 PRODUCTION QUOTAS
  • 10.4 PRICE SUPPORTS IN THE AGRICULTURAL SECTOR
  • 10.5 IMPORT QUOTAS AND TARIFFS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • PART 5 MARKET POWER
  • 11 MONOPOLY AND MONOPSONY
  • 11.1 PROFIT MAXIMIZATION BY A MONOPOLIST
  • 11.2 THE IMPORTANCE OF PRICE ELASTICITY OF DEMAND
  • 11.3 COMPARATIVE STATICS FOR MONOPOLISTS
  • 11.4 MONOPOLY WITH MULTIPLE PLANTS AND MARKETS
  • 11.5 THE WELFARE ECONOMICS OF MONOPOLY
  • 11.6 WHY DO MONOPOLY MARKETS EXIST?
  • 11.7 MONOPSONY
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • 12 CAPTURING SURPLUS
  • 12.1 CAPTURING SURPLUS
  • 12.2 FIRST-DEGREE PRICE DISCRIMINATION: MAKING THE MOST FROM EACH CONSUMER
  • 12.3 SECOND-DEGREE PRICE DISCRIMINATION: QUANTITY DISCOUNTS
  • 12.4 THIRD-DEGREE PRICE DISCRIMINATION: DIFFERENT PRICES FOR DIFFERENT MARKET SEGMENTS
  • 12.5 TYING (TIE-IN SALES)
  • 12.6 ADVERTISING
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • PART 6 IMPERFECT COMPETITION AND STRATEGIC BEHAVIOR
  • 13 MARKET STRUCTURE AND COMPETITION
  • 13.1 DESCRIBING AND MEASURING MARKET STRUCTURE
  • 13.2 OLIGOPOLY WITH HOMOGENEOUS PRODUCTS
  • 13.3 DOMINANT FIRM MARKETS
  • 13.4 OLIGOPOLY WITH HORIZONTALLY DIFFERENTIATED PRODUCTS
  • 13.5 MONOPOLISTIC COMPETITION
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • APPENDIX: The Cournot Equilibrium and the Inverse Elasticity Pricing Rule
  • 14 GAME THEORY AND STRATEGIC BEHAVIOR
  • 14.1 THE CONCEPT OF NASH EQUILIBRIUM
  • 14.2 THE REPEATED PRISONERS' DILEMMA
  • 14.3 SEQUENTIAL-MOVE GAMES AND STRATEGIC MOVES
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • PART 7 SPECIAL TOPICS
  • 15 RISK AND INFORMATION
  • 15.1 DESCRIBING RISKY OUTCOMES
  • 15.2 EVALUATING RISKY OUTCOMES
  • 15.3 BEARING AND ELIMINATING RISK
  • 15.4 ANALYZING RISKY DECISIONS
  • 15.5 AUCTIONS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • 16 GENERAL EQUILIBRIUM THEORY
  • 16.1 GENERAL EQUILIBRIUM ANALYSIS: TWO MARKETS
  • 16.2 GENERAL EQUILIBRIUM ANALYSIS: MANY MARKETS
  • 16.3 GENERAL EQUILIBRIUM ANALYSIS: COMPARATIVE STATICS
  • 16.4 THE EFFICIENCY OF COMPETITIVE MARKETS
  • 16.5 GAINS FROM FREE TRADE
  • COMPARATIVE ADVANTAGE
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • APPENDIX: Deriving the Demand and Supply Curves for General Equilibrium in Figure 16.10 and Learning-By-Doing Exercise 16.2
  • 17 EXTERNALITIES AND PUBLIC GOODS
  • 17.1 INTRODUCTION
  • 17.2 EXTERNALITIES
  • 17.3 PUBLIC GOODS
  • CHAPTER SUMMARY
  • REVIEW QUESTIONS
  • PROBLEMS
  • MATHEMATICAL APPENDIXMATHEMATICAL APPENDIX
  • A.1 FUNCTIONAL RELATIONSHIPS
  • A.2 WHAT IS A “MARGIN”?
  • A.3 DERIVATIVES
  • A.4 HOW TO FIND A DERIVATIVE
  • A.5 MAXIMIZATION AND MINIMIZATION PROBLEMS
  • A.6 MULTIVARIABLE FUNCTIONS
  • A.7 CONSTRAINED OPTIMIZATION
  • A.8 LAGRANGE MULTIPLIERS
  • SUMMARY
  • SOLUTIONS TO SELECTED PROBLEMS
  • GLOSSARY
  • INDEX
  • END USER LICENSE AGREEMENT