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| microeconomics concepts: Microeconomic Theory Michael Eugene Wetzstein, 2013 This book introduces the main concepts of microeconomics to upper division undergraduate students or first year graduate students who have undergone at least one elementary calculus course. The book fully integrates graphical and mathematical concepts and offers over 150 analytical examples demonstrating numerical solutions. The book has a strong theoretical basis but shows how microeconomics can be brought to bear on the real world. New Features for this edition include: an incorporation of the theory of stock externalities associated with greenhouse gases development of the section on insurance with particular reference to the new US healthcare program greater integration of game theoretic concepts throughout the book. The book's style is accessible, but also rigorous. Mathematical examples are provided throughout the book, in particular for key concepts and the result is a balanced approach in terms of prose, graphics, and mathematics. |
| microeconomics concepts: Models in Microeconomic Theory Martin J. Osborne, Ariel Rubinstein, 2023-06-26 Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels. |
| microeconomics concepts: Lectures on Microeconomics Romans Pancs, 2024-08-20 Economic concepts and techniques presented through a series of big questions, models that show how to pose a questions rigorously and work toward an answer. This book helps readers master economic concepts and techniques by tackling fundamental economic and political questions through a series of models. It is organized around a sequence of “big questions,” among them: When do markets help translate individuals' uncoordinated, selfish actions into outcomes that are best for all? Do markets change people, and, if so, for worse or better? Translated into the language of modern economics, do Marx's ideas have merit? Why is there so much income inequality? Or is there too little? The arguments are in the theorem-proof format, distinguishing results derived in the context of fully specified models from educated speculation. Readers will learn how to pose a question rigorously and how to work toward an answer, and to appreciate that even (especially!) the broadest and most ambitious questions call for a model. The goal of the book is not to indoctrinate but to show readers how to reason toward their own conclusions. The first chapter, on the Walrasian model of general equilibrium, serves as the prerequisite for the rest of the book. The remaining chapters cover less conventional topics, including the morality of markets; matching theory; Marxism, socialism, and the resilience of markets; a formalization of Kant's categorical imperative; unintended consequences of policy design; and theories of justice. The book can be used as a textbook for advanced undergraduate or graduate students or as a resource for researchers in disciplines that draw on normative economics. |
| microeconomics concepts: Principles of Microeconomics 2e Steven A. Greenlaw, David Shapiro, Timothy Taylor, 2017-09-15 |
| microeconomics concepts: Macroeconomic Essentials Peter Kennedy, 2000 This book offers a clear exposition of introductory macroeconomic theory along with more than 600 one- or two-sentence news clips that serve as illustrations and exercises. |
| microeconomics concepts: Microeconomics in Context Neva Goodwin, Jonathan M. Harris, Julie A. Nelson, Brian Roach, Mariano Torras, 2015-12-07 Microeconomics in Context lays out the principles of microeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Macroeconomics in Context, the book is uniquely attuned to economic realities. The in Context books offer affordability, accessible presentation, and engaging coverage of current policy issues from economic inequality and global climate change to taxes. Key features include: --Clear explanation of basic concepts and analytical tools, with advanced models presented in optional chapter appendices; --Presentation of policy issues in historical, institutional, social, political, and ethical context--an approach that fosters critical evaluation of the standard microeconomic models, such as welfare analysis, labor markets, and market competition; --A powerful graphical presentation of various measures of well-being in the United States, from income inequality and educational attainment to home prices; --Broad definition of well-being using both traditional economic metrics and factors such as environmental quality, health, equity, and political inclusion; --New chapters on the economics of the environment, taxes and tax policy, common property and public goods, and welfare analysis; --Expanded coverage of high-interest topics such as behavioral economics, labor markets, and healthcare; --Full complement of instructor and student support materials online, including test banks and grading through Canvas. |
| microeconomics concepts: Economics , 2015 Russell Cooper and Andrew John have written an economics text aimed directly at students from its very inception. You?re thinking, Yeah, sure. I?ve heard that before. This textbook, Economics: Theory Through Applications, centers around student needs and expectations through two premises:? Students are motivated to study economics if they see that it relates to their own lives.? Students learn best from an inductive approach, in which they are first confronted with a problem, and then led through the process of solving that problem. Many books claim to present economics in a way that is digestible for students; Russell and Andrew have truly created one from scratch. This textbook will assist you in increasing students? economic literacy both by developing their aptitude for economic thinking and by presenting key insights about economics that every educated individual should know. How? Russell and Andrew have done three things in this text to accomplish that goal: Applications Ahead of Theory: They present all the theory that is standard in Principles books. But by beginning with applications, students get to learn why this theory is needed. Learning through Repetition: Important tools appear over and over again, allowing students to learn from repetition and to see how one framework can be useful in many different contexts. A Student?s Table of Contents vs. An Instructor?s Table of Contents: There is no further proof that Russell and Andrew have created a book aimed specifically at educating students about economics than their two tables of contents. |
| microeconomics concepts: Topics in Microeconomics Elmar Wolfstetter, 1999-10-28 This book in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives. Part I of the book covers imperfect competition, from monopoly and regulation to the strategic analysis of oligopolistic markets. Part II explains the analytics of risk, stochastic dominance, and risk aversion, supplemented with a variety of applications from different areas in economics. Part III focuses on markets and incentives under incomplete information, including a comprehensive introduction to the theory of auctions, which plays an important role in modern economics. |
| microeconomics concepts: Microeconomics Mack Bean, 2023-08-10 Microeconomics: Concepts and Applications provides students with an approachable and concise introduction to the field, including real-world examples that highlight its importance and application in everyday decision-making. The textbook is organized into six distinct parts. Part I serves as an introduction to economics, highlighting the five key principles of the discipline, as well as key concepts such as the economy, markets, production, income, and exchange. In Part II, students read about demand, supply, and equilibrium, with chapters that address market failure, the causes of demand and supply and how it is measured, and market surpluses. Part III focuses on production costs and markets. Students learn about types of markets, including perfectly competitive markets, monopolies, oligopolies, and monopolistic competitive markets. In Parts IV and V, chapters examine business regulation, the societal cost of environmental pollution, and the role of financial markets in the economy. The final part explores labor and international trade. Developed to provide students with a solid introduction, Microeconomics is an ideal resource for courses and programs in the discipline. |
| microeconomics concepts: Elements of Pure Economics Léon Walras, 1954 Elements of Pure Economics was one of the most influential works in the history of economics, and the single most important contribution to the marginal revolution. Walras' theory of general equilibrium remains one of the cornerstones of economic theory more than 100 years after it was first published. |
| microeconomics concepts: Microeconomics M. H. Bahreini, 1988 |
| microeconomics concepts: Applied Microeconomics David Debertin, 2012-06-18 This is a microeconomic theory book designed for upper-division undergraduate students in economics and agricultural economics. Basic introductory college courses in microeconomics and differential calculus are the assumed prerequisites. The last, tenth, chapter of the book reviews some mathematical principles basic to the other chapters. All of the chapters contain many numerical examples and graphs developed from the numerical examples. The ambitious student could recreate any of the charts and tables contained in the book using a computer and Excel spreadsheets. There are many numerical examples of the key elements of marginal analysis. In addition, many practical examples are taken from the real world to illustrate key points. Most of the examples used in the book come from the food and agricultural industries, broadly defined. Examples in consumer choice and utility focus on consumer decisions to purchase hamburgers and French fries. Production examples involve choices farmers make in order to apply fertilizer to crops. Market models are employed that illustrate consumer choice between beef, pork and chicken at the grocery meat counter, and so on. A few of the examples do not employ agriculturally related goods, such as the examples dealing with the fate of the Polaroid corporation and its instant cameras, monopoly power of cable television providers and competition between the big three automakers in the 1950s. Each chapter begins with material that will be familiar to nearly any student who has passed an introductory microeconomics course. However, as each chapter progresses, the problems and the math required to complete them get tougher. Critical points throughout the text are highlighted in text boxes. The instructor need not use all of the sections of each chapter for a course as each section of each chapter is self-contained. Each chapter concludes with a basic summary of key points and a comprehensive list of terms and definitions. Students might choose to begin by reading the key summary points and definitions at the end of each chapter. Each chapter also contains a spreadsheet exercise for students to create examples similar to the tables and charts in the text.The book is designed for use in a one-semester course, covering the parts of microeconomics that nearly every instructor believes should be covered at the intermediate level, but also recognizing that most instructors will want to devote a few weeks of the semester to material specific to their own interests.David L. Debertin |
| microeconomics concepts: Fundamentals of Microeconomics. Key Essentials of Demand and Supply Analysis Frank Opuni, 2017-11-28 Document from the year 2017 in the subject Economics - Micro-economics, grade: 1.0, , language: English, abstract: Fundamentals of Microeconomics is a unique textbook in the field of Microeconomics, which is a core subject for undergraduate and diploma students pursuing courses in Business and various other courses such as engineering, computer sciences, architecture, management and many more. It is specially designed to meet the needs of students studying economics first time at the tertiary level and for non-economists who want to appreciate the subject matter of Microeconomics. This book is the first volume of a series and covers, in the main, the meaning and scope of Economics as a discipline. It goes ahead to treat the key essentials of Microeconomics, ie demand, supply, market equilibrium, elasticity of demand, elasticity of supply and consumer choice theory. The second volume will treat theory of production, Cost theory, theory of the firm-perfect competition, monopoly and monopolistic competition. The rich experience of the writer in the teaching of Economics plays out in meeting the needs of the student throughout the pages of the book. The coverage and structure of the book have been designed taking into account the syllabi of Microeconomics courses prescribed by higher education institutions and universities. It is clearly written in a student-friendly manner, and replete with easy to-do exercises so that the first time learner of Economics can do a self-study with this book and excel in Microeconomics. The book will be useful for readers who often have difficulty in understanding microeconomic concepts. This book is packed with illustrations, sketch graphs and diagrams that are altogether functional and relevant to the theories presented. Finally, the author hopes the reader is able to apply the basic theories, principles and concepts to help solve everyday economic and business problems that they encounter daily. |
| microeconomics concepts: The Economy The Core Team, 2022-07 A complete introduction to economics and the economy taught in undergraduate economics and masters courses in public policy. CORE's approach to teaching economics is student-centred and motivated by real-world problems and real-world data. The only introductory economics text to equip students to address today's pressing problems by mastering the conceptual and quantitative tools of contemporary economics. THE ECONOMY: is a new approach that integrates recent developments in economics including contract theory, strategic interaction, behavioural economics, and financial instability; challenges students to address inequality, climate change, economic instability, wealth creation and innovation, and other problems; provides a unified treatment of micro- and macroeconomics; motivates all models and concepts by evidence and real-world applications. |
| microeconomics concepts: Principles of Economics Alfred Marshall, 1890 |
| microeconomics concepts: Intermediate Microeconomics with Microsoft Excel Humberto Barreto, 2009-06-15 This unique text uses Microsoft Excel® workbooks to instruct students. In addition to explaining fundamental concepts in microeconomic theory, readers acquire a great deal of sophisticated Excel skills and gain the practical mathematics needed to succeed in advanced courses. In addition to the innovative pedagogical approach, the book features explicitly repeated use of a single central methodology, the economic approach. Students learn how economists think and how to think like an economist. With concrete, numerical examples and novel, engaging applications, interest for readers remains high as live graphs and data respond to manipulation by the user. Finally, clear writing and active learning are features sure to appeal to modern practitioners and their students. The website accompanying the text is found at www.depauw.edu/learn/microexcel. |
| microeconomics concepts: Voluntary National Content Standards in Economics National Council on Economic Education, Foundation for Teaching Economics, 1997 This essential guide for curriculum developers, administrators, teachers, and education and economics professors, the standards were developed to provide a framework and benchmarks for the teaching of economics to our nation's children. |
| microeconomics concepts: Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth Kostis, Pantelis C., 2020-10-30 In recent decades, the mainstream microeconomic and macroeconomic analysis was proven to be insufficient for exploring the dynamic and complex interactions among humans, institutions, and nature in our real economy. On the one side, microeconomics is filled with black-box models that fail to study the actual contractual relations between firms and markets, while on the other side macroeconomics were proven useless because they mistook the beauty of theoretical models for truth. Thus, questions have arisen about using new theoretical and empirical structures that would better describe our economic systems. Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth is an essential reference source that analyzes the hypotheses that govern the relationships of aggregate structures (macroeconomic analysis) that may be compatible with the assumptions that govern the behavior of individuals, households, and firms (micro analysis), and vice versa, in trying to achieve sustainable economic development and growth. Moreover, modern evolutionary growth thinking is used in trying to bridge the inconsistencies between microeconomics and macroeconomics and confront their failures in order to better describe the economic reality. While highlighting a broad range of topics including globalization, economic systems, and the role of institutions, this book is aimed toward economic analysts, financial advisors, policymakers, researchers, academicians, and students. |
| microeconomics concepts: Principles of Microeconomics Libby Rittenberg, 2008 |
| microeconomics concepts: Principles of Macroeconomics Charles Abraham, 2018 |
| microeconomics concepts: Microeconomics Jacobus Willem Mostert, 2002 A comprehensive introduction to micro-economics in general, this book is set against a contemporary South African background. Straightforward language, practical examples and numerous graphs illustrate the theory in this textbook and make it especially accessible for distance learners. |
| microeconomics concepts: Intermediate Microeconomic Theory Ana Espinola-Arredondo, Felix Munoz-Garcia, 2020-10-27 A short, rigorous introduction to intermediate microeconomic theory that offers worked-out examples, tools for solving exercises, and algebra support. This book takes a concise, example-filled approach to intermediate microeconomic theory. It avoids lengthy conceptual description and focuses on worked-out examples and step-by-step solutions. Each chapter presents the basic theoretical elements, reducing them to their main ingredients, and offering several worked-out examples and applications as well as the intuition behind each mathematical assumption and result. The book provides step-by-step tools for solving standard exercises, offering students a common approach for solving similar problems. The book walks readers through each algebra step and calculation, so only a basic background in algebra and calculus is assumed. The book includes 140 self-assessment exercises, giving students an opportunity to apply concepts from previous worked-out examples. Topics covered include consumer theory; substitution and income effect; welfare gain or loss from a price change; and choice under uncertainty. Shifting to a firm theory, the book discusses production functions, cost minimization, perfectly competitive markets, and monopolies. Two chapters on game theory provide building blocks for subsequent chapters that treat imperfect markets; games of incomplete information and auctions; contract theory; and externalities, public goods, and common pool resources. The book is suitable for use in undergraduate intermediate microeconomics courses, rigorous introduction to microeconomics courses, and managerial economics at the masters level. |
| microeconomics concepts: Teaching Principles of Microeconomics Mark Maier, Phil Ruder, 2023-01-06 Abundant with practical advice and ready-to-use teaching examples, this dynamic guide will help both new and experienced instructors of Principles of Microeconomics to reconsider and refine their courses. Mark Maier and Phil Ruder assemble the wisdom of 25 eminent scholars of economic education on how best to introduce students to the discipline and inspire a long-lasting passion for microeconomics. |
| microeconomics concepts: Microeconomics Avinash Dixit, 2014-04-24 Microeconomics - individuals' choices of where to live and work, how much to save, what to buy, and firms' decisions about location, hiring, firing, and investment - involves issues that concern us on a daily basis. But when people think about economics, they tend to place importance on the bigger picture - macroeconomics - including issues such as unemployment, inflation, and the competitiveness of nations. In this Very Short Introduction, Avinash Dixit argues that the microeconomy has a large impact on the economic world, arguably as much as the issues of macroeconomics. Dixit steers a clear path through the huge number of issues related to microeconomics, explaining what happens when things go well, as well as showing how they fail, why that happens, and what can be done about it. Using real-life examples from around the world, using the minimum of mathematics and including simple graphs, he provides insights into economics from psychology and sociology to explain economic behaviour and rational choice. An ideal introduction for anyone interested in business and economics. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable. |
| microeconomics concepts: Microeconomics for MBAs Richard B. McKenzie, Dwight R. Lee, 2016-07-18 A sophisticated yet non-technical introduction to microeconomics for MBA students, now in its third edition. |
| microeconomics concepts: Advanced Microeconomic Theory Geoffrey Alexander Jehle, Philip J. Reny, 2001 This advanced economics text bridges the gap between familiarity with microeconomic theory and a solid grasp of the principles and methods of modern neoclassical microeconomic theory. |
| microeconomics concepts: Essential Microeconomics John G. Riley, 2012 Essential Microeconomics is designed to help students deepen their understanding of the core theory of microeconomics-- |
| microeconomics concepts: Principles of Microeconomics Robert H. Frank, Ben Bernanke, 2020 Lthough many millions of dollars are spent each year on introductory economics instruction in American colleg-es and universities, the return on this investment has been disturbingly low. Studies have shown, for example, that several months after having taken a principles of economics course, former students are no better able to answer simple economics questions than others who never even took the course. Most students, it seems, leave our introductory courses without having learned even the most important basic economic principles-- |
| microeconomics concepts: Microeconomics Devendra Ojha, 2025-02-20 Microeconomics: Core Elements and Principles offers an extensive understanding of microeconomics and its fundamental components, along with the public policies designed to enhance economic growth and technological advancement. We have compiled insights from various renowned authors to create a comprehensive resource that reflects the latest developments in the field. Our book provides a detailed exploration of microeconomic concepts, helping readers grasp the true essence of microeconomics and improve task-oriented solutions. By integrating quotes and perspectives from leading experts, we offer a rich and diverse narrative that makes the subject more relatable and engaging. We emphasize the practical implications of microeconomic theories, illustrating how public policies can shape economic outcomes and foster technological progress. This book serves as a valuable guide for students, educators, and professionals seeking to understand the intricate relationship between microeconomics and public policy. With a focus on clarity and accessibility, Microeconomics: Core Elements and Principles ensures that complex concepts are presented in an easy-to-understand manner, making it an indispensable resource for anyone looking to deepen their knowledge of microeconomics. |
| microeconomics concepts: Microeconomics R. Glenn Hubbard, Anne M. Garnett, Philip Lewis, Anthony Patrick O'Brien, 2014-09-01 Microeconomics is the most engaging introductory economics resource available to students today. Using real businesses examples to show how managers use economics to make real decisions every day, the subject is made relevant and meaningful. Each chapter of the text opens with a case study featuring a real business or real business situation, refers to the study throughout the chapter, and concludes with An Inside Look—a news article format which illustrates how a key principle covered in the chapter relates to real business situations or was used by a real company to make a real business decision. Solved problems in every chapter motivate learners to confidently connect with the theory to solve economic problems and analyse current economic events. |
| microeconomics concepts: Microeconomics: An Intuitive Approach with Calculus Thomas Nechyba, 2016-01-01 Examine microeconomic theory as a way of looking at the world as MICROECONOMICS: AN INTUITIVE APPROACH WITH CALCULUS, 2E builds on the basic economic foundation of individual behavior. Each chapter contains two sections. The A sections introduce concepts using intuition, conversational writing, everyday examples, and graphs with a focus on mathematical counterparts. The B sections then cover the same concepts with precise, accessible mathematical analyses that assume one semester of single-variable calculus. The book offers flexible topical coverage with four distinct paths: a non-game theory path through microeconomics, a path emphasizing game theory, a path emphasizing policy issues, or a path focused on business. Readers can use B sections to explore topics in greater depth. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version. |
| microeconomics concepts: Principles of Economics 2e Timothy Taylor, Steven A. Greenlaw, David Shapiro, 2017-10-12 Principles of Economics covers the scope and sequence for a two-semester principles of economics course. The text has been developed to meet the scope and sequence of most introductory courses. |
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| microeconomics concepts: Microeconomics of Interactive Economies Wolfram Elsner, 2012-01-01 A 'Non-Toxic' Intermediate Textbook 'Here, at last, we have the ideal textbook for microeconomics from an evolutionary and institutional perspective. Wolfram Elsner does nothing less than reconstruct the principles of microeconomics for a world of interactive business networks, change and innovation, crisis and uncertainty, as well as coordination problems and cooperative joint ventures. The publication of this book is a landmark event in microeconomics.' – Phillip A. O'Hara, Curtin University of Technology, Perth, Australia and President-Elect of AFEE, 2012 'This microeconomics textbook by Wolfram Elsner provides a timely alternative for understanding the micro roots of uncertainty, complexity and crisis. The evolutionary and institutional perspective sheds new light on contemporary issues such as clusters, networks, innovation and coordination. By reading this textbook, teachers, students and practitioners will open their minds to new economic thinking.' – Ping Chen, Peking University, Beijing, Fudan University, Shanghai, China and author of Economic Complexity and Equilibrium Illusion This thorough reconstruction of microeconomics 'post-2008' provides economic students with a new way of real-world understanding and strategic qualification that will be better appreciated by their future employers and any professional practice. It will prove essential for economic students and other social science programs at a graduate level. This accessible and engaging textbook includes: • A survey of the most famous core models of modern microeconomics including the neoclassical approach and its heterodox critiques – Sraffian, Institutionalist, Post-Keynesian and Mirowskian • An introduction to complexity thinking in economics • An introduction to game theory • An introduction to the methods of complex computer simulation • An introduction to strategic behavior • An newly integrated approach to real-world and complexity economics, rather than focusing on neoclassical ('perfect') market equilibrium 'plus a thousand recent extra things on top'. See the companion website – www.microeconomics.us – for teaching material, readings, exams and as a general guide to explore issues raised in the book. |
| microeconomics concepts: Microeconomics Thijs ten Raa, 2017-09-16 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. |
| microeconomics concepts: Microeconomics: Case Studies and Applications Jeff Borland, 2020-06-22 Microeconomics: Case Studies and Applications contains case studies that explore core microeconomics concepts by focusing on current events in economics and providing a theory refresher for each section and questions. Designed to be a companion text to larger microeconomics texts, this resource offers a useful, time-saving alternative to sourcing online articles and journals. As a first-year text it teaches best-practice use of case studies and acts as a stepping stone for students who will source and use articles as they progress through their course. Each case study presents a different application of a core concept or theory. As well as the main text, which presents the application of the core concept, each case study contains a range of extra material. A ‘Theory refresher’ section provides a quick way for students to revise a key concept or theory that is important for understanding the application in that case study. |
| microeconomics concepts: Microeconomics Samuel Bowles, 2004 Drawing upon recent advances in evolutionary game theory, contract theory, behavioural experiments and modeling of dynamic processes, Bowles develops a theory about the interraction between economic institutions and individual behaviour. |
| microeconomics concepts: A Course in Microeconomic Theory David M. Kreps, 2020-05-26 David M. Kreps has developed a text in microeconomics that is both challenging and user-friendly. The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics. |
| microeconomics concepts: Microeconomics Orley M. Amos, 1987 A textbook for a college course. |
| microeconomics concepts: Microeconomics Essentials You Always Wanted to Know Amlan Ray, Vibrant Publishers, 2022-08-17 Have you wondered how companies decide the price of their products? What factors do companies consider while allocating their resources? How does consumer behavior affect the factors of production? A go-to guide to understanding the building blocks of Microeconomics Microeconomics Essentials You Always Wanted To Know has the answers to all your questions. The book shows how the demand of consumers affects the market supply and how price is a major determinant of them. Next, the book goes on to explain consumer behavior with the help of cardinal and ordinal utility approaches. The book dives deep into the functions of markets and the roles that they play in a booming or receding economy. Lastly, it touches upon the topic of international trade and its advantages for a country. It contains plenty of examples that are relevant to the real world which will make it easier for you to grasp the concepts. Microeconomics Essentials You Always Wanted To Know is a go-to guide for understanding all the crucial concepts that form the building blocks of microeconomics. After reading this book, readers will: Understand the basic concepts of Microeconomics Learn the relationship between demand and supply Get to know the various types of markets Discover how prices of goods and services are determined Understand the theory of factor pricing Appreciate policy decisions related to taxation, interest rate, and international trade About the Series Microeconomics Essentials You Always Wanted to Know is part of the Self-Learning Management Series. This series is designed to help students, new managers, career switchers, and entrepreneurs learn essential management lessons and covers every aspect of business, from HR to Finance to Marketing to Operations across any and every industry. Each book includes fundamentals, important concepts, standard and well-known principles, and practical ways of application of the subject matter |
Microeconomics Definition, Uses, and Concepts - Investopedia
Apr 17, 2025 · Microeconomics is a field of study that focuses on what incentivizes the decisions that people and companies make and how resources are used and distributed. It provides a more …
Microeconomics - Wikipedia
Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results.
Microeconomics | Supply & Demand, Market Structures & Price …
May 8, 2025 · microeconomics, branch of economics that studies the behaviour of individual consumers and firms.
Principles of Microeconomics | Economics | MIT OpenCourseWare
14.01 Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics. This course introduces microeconomic concepts and analysis, …
Microeconomics - Overview, Assumptions, Theories
Microeconomics is the study of how individuals and companies make choices regarding the allocation and utilization of resources. It also studies how individuals and businesses coordinate …
Microeconomics - Definition, Examples, Top 7 Principles
Microeconomics is an economic stream that correlates the behaviors of people, companies, and households with the changes in demand and supply. Additionally, it also studies production and …
Introduction to Microeconomics - GeeksforGeeks
Apr 21, 2025 · The four major components of microeconomics are consumer behavior, market supply and demand, individual preferences driving producers, and market-specific labor …
Introduction to microeconomics - ACCA Global
What is microeconomics? Microeconomics is the branch of economics that considers the behaviour of decision takers within the economy, such as individuals, households and firms. The word ‘firm’ …
Microeconomics | Economics | Khan Academy
Microeconomics is all about how individual actors make decisions. Learn how supply and demand determine prices, how companies think about competition, and more! We hit the traditional …
Microeconomics vs. Macroeconomics: What's the Difference?
Oct 14, 2024 · Microeconomics is the study of decisions made by individuals and businesses. Macroeconomics looks higher up at national and government economic decisions.
Microeconomics Definition, Uses, and Concepts - Investopedia
Apr 17, 2025 · Microeconomics is a field of study that focuses on what incentivizes the decisions that people and companies make and how resources are used and distributed. It provides a …
Microeconomics - Wikipedia
Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results.
Microeconomics | Supply & Demand, Market Structures & Price …
May 8, 2025 · microeconomics, branch of economics that studies the behaviour of individual consumers and firms.
Principles of Microeconomics | Economics | MIT OpenCourseWare
14.01 Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics. This course introduces microeconomic concepts and …
Microeconomics - Overview, Assumptions, Theories
Microeconomics is the study of how individuals and companies make choices regarding the allocation and utilization of resources. It also studies how individuals and businesses …
Microeconomics - Definition, Examples, Top 7 Principles
Microeconomics is an economic stream that correlates the behaviors of people, companies, and households with the changes in demand and supply. Additionally, it also studies production …
Introduction to Microeconomics - GeeksforGeeks
Apr 21, 2025 · The four major components of microeconomics are consumer behavior, market supply and demand, individual preferences driving producers, and market-specific labor …
Introduction to microeconomics - ACCA Global
What is microeconomics? Microeconomics is the branch of economics that considers the behaviour of decision takers within the economy, such as individuals, households and firms. …
Microeconomics | Economics | Khan Academy
Microeconomics is all about how individual actors make decisions. Learn how supply and demand determine prices, how companies think about competition, and more! We hit the traditional …
Microeconomics vs. Macroeconomics: What's the Difference?
Oct 14, 2024 · Microeconomics is the study of decisions made by individuals and businesses. Macroeconomics looks higher up at national and government economic decisions.
