Microeconomics

Name: Microeconomics
Price: 4990 ISK
Availability: InStock
Author: Thomas Nechyba
ISBN: 9781473759022

Höfundur: Thomas Nechyba (Útgáfa: 1)

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This brand new EMEA adaptation of Thomas Nechyba’s popular text presents a European, Middle East and African perspective, whilst also being fully updated. This exciting new edition follows Professor Nechyba’s five primary goals for any microeconomics course by presenting microeconomics as a way of looking at the world, showing students how and why the world works, how to think more clearly and develop conceptual thinking skills, providing a flexible learning style and by finally providing a roadmap for further study.

Each chapter follows the A and B structure developed by Professor Nechyba, allowing students to explore an intuitive approach in Part A and then focus on how the intuitive approach can be represented mathematically approach in Part B. This edition is also available as a MindTap with additional assessments, Graph Builder and video graph presentations. It is also available with Aplia, a comprehensive online learning assessment tool with autograded randomised questions to test students’ understanding.

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Útgefandi: Cengage Learning EMEA

ISBN: 9781473759022

Print ISBN: 9781473759008

Format: Page Fidelity (PDF)

Útgáfa: 1

Höfundar: Thomas Nechyba

Tungumál: English

Útgefið: 2018-03-14

Prent takmörkun á líftíma: 100

Prent takmörkun: 2

Afritunar takmörkun: 2

Flokkar: Hagfræði

Efnisflokkar: Viðskipti og hagfræði › Rekstrarhagfræði

Kaflar

Brief Contents
Contents
Preface
About the Author
Chapter 1: Introduction
1A What Is Microeconomics?
Part 1: Utility-Maximizing Choice: Consumers, Workers and Savers
Chapter 2: A Consumer's Economic Circumstances
2A Consumer Choice Sets and Budget Constraints
2B Consumer Choice Sets and Budget Equations
End-of-Chapter Exercises
Chapter 3: Economic Circumstances in Labour and Financial Markets
3A Budgets for Workers and Savers
3B Choice Sets and Budget Equations for Workers and Savers
End-of-Chapter Exercises
Chapter 4: Tastes and Indifference Curves
4A The Economic Model of Tastes
4B Tastes and Utility Functions
End-of-Chapter Exercises
Chapter 5: Different Types of Tastes
5A Different Types of Indifference Maps
5B Different Types of Utility Functions
Appendix: The Calculus of Elasticities of Substitution
End-of-Chapter Exercises
Chapter 6: Doing the Best We Can
6A Choice: Combining Economic Circumstances with Tastes
6B Optimizing within the Mathematical Model
Appendix: Optimization Problems with Kinked Budgets
End-of-Chapter Exercises
Chapter 7: Income and Substitution Effects in Consumer Goods Markets
7A Graphical Exposition of Income and Substitution Effects
7B The Mathematics of Income and Substitution Effects
End-of-Chapter Exercises
Chapter 8: Wealth and Substitution Effects in Labour and Capital Markets
8A Wealth Effects, Substitution Effects and Endowments
8B Constrained Optimization with Wealth Effects
End-of-Chapter Exercises
Chapter 9: Demand for Goods and Supply of Labour and Capital
9A Deriving Demand and Supply Curves
9B Demand and Supply Functions
End-of-Chapter Exercises
Chapter 10: Consumer Surplus and Deadweight Loss
10A Measuring Consumer Welfare in Euros
10B The Mathematics of Consumer Welfare and Duality
Appendix: Shephard's Lemma and Roy's Identity
End-of-Chapter Exercises
Part 2: Profit-Maximizing Choice: Producers or Firms
Chapter 11: One Input and One Output: A Short-Run Producer Model
11A A Short-Run One-Input/One-Output Model
11B The Mathematics of the Short-Run Model
End-of-Chapter Exercises
Chapter 12: Production with Multiple Inputs
12A An Intuitive Development of the Two-Input Model
12B The Mathematics behind the Multiple-Input Model
Appendix: Properties of Expenditure and Profit Functions
Chapter 13: Production Decisions in the Short and Long Run
13A Changes in Producer Behaviour as Conditions Change
13B Transitioning from Short Run to Long Run Mathematically
End-of-Chapter Exercises
Part 3: Competitive Markets and the Invisible Hand
Chapter 14: Competitive Market Equilibrium
14A Equilibrium: Combining Demand and Supply Curves
14B The Mathematics of Industry or Market Equilibrium
End-of-Chapter Exercises
Chapter 15: The Invisible Hand and the First Welfare Theorem
15A Welfare Analysis in Equilibrium
15B Equilibrium Welfare Analysis: Preliminaries and an Example
End-of-Chapter Exercises
Chapter 16: General Equilibrium
16A A Graphical Exposition of General Equilibrium
16B The Mathematics of Competitive General Equilibrium
Appendix: Core Convergence
End-of-Chapter Exercises
Chapter 17: Choice and Markets in the Presence of Risk
17A An Intuitive Model of Choice in the Presence of Risk
17B The Mathematics of Choice in the Presence of Risk
Appendix 1: Expected Utility and the Independence Axiom
Appendix 2: The Allais Paradox and Regret Theory
End-of-Chapter Exercises
Part 4: Distortions of the Invisible Hand in Competitive Markets
Chapter 18: Elasticities, Price-Distorting Policies and Non-Price Rationing
18A Interactions of Markets and Price-Distorting Policies
18B The Mathematics of Elasticities and Price Distortions
End-of-Chapter Exercises
Chapter 19: Distortionary Taxes and Subsidies
19A Taxes and Subsidies in Competitive Markets
19B The Mathematics of Taxes and Subsidies
End-of-Chapter Exercises
Chapter 20: Prices and Distortions across Markets
20A Exporters, Importers and Speculators
20B The Mathematics of Trading across Markets
End-of-Chapter Exercises
Chapter 21: Externalities in Competitive Markets
21A The Problem of Externalities
21B The Mathematics of Externalities
Appendix: Fundamental Non-Convexities in the Presence of Externalities
End-of-Chapter Exercises
Chapter 22: Asymmetric Information in Competitive Markets
22A Asymmetric Information and Efficiency
22B Insurance Contracts with Two Risk Types
End-of-Chapter Exercises
Part 5: Distortions of the Invisible Hand from Strategic Decisions
Chapter 23: Monopoly
23A Pricing Decisions by Monopolist
23B The Mathematics of Monopoly
Appendix: Deriving a Reduced-Form Utility Function from Separable Preferences
End-of-Chapter Exercises
Chapter 24: Strategic Thinking and Game Theory
24.A Game Theory under Complete Information
24B Game Theory under Incomplete Information
Appendix: Infinitely Repeated Games and the Folk Theorem
End-of-Chapter Exercises
Chapter 25: Oligopoly
25A Competition and Collusion in Oligopolies
25B The Mathematics of Oligopoly
End-of-Chapter Exercises
Chapter 26: Product Differentiation and Innovation in Markets
26A Differentiated Products and Innovation
26B Mathematical Modelling of Differentiated Product Markets
End-of-Chapter Exercises
Chapter 27: Public Goods
27A.1 Public Goods and Their Externalities
27B The Mathematics of Public Goods
End-of-Chapter Exercises
Chapter 28: Governments and Politics
28A The Economic Way of Thinking about Politics
28B An Exposition of Arrow's Impossibility Theorem
End-of-Chapter Exercises
Part 6: Considering How to Make the World a Better Place
Chapter 29: What Is Good? Challenges from Psychology and Philosophy
29A Who Are We Really, and What Is It All About?
29B Some Tools in the Search for What Is Good
End-of-Chapter Exercises
Chapter 30: Balancing Government, Civil Society and Markets
30A Resolvable versus Unresolvable Differences
30B The Three-Legged Stool
30C Combining the First Welfare Theorem with Other Insights
30D Non-Market Institutions and Their Challenges
30E Spontaneous Order Outside the Market
30F A Beginning, Not An End
Glossary
Index