About this book
Microeconomics is concerned with the production, consumption and distribution of goods by the micro units of individuals, firms and markets within the economy. It can also be considered a study of scarcity and the choices to be made for the attainment of goals within constraints. These goals are those set by consumers, producers and policy makers in the market.
This book provides a brand new approach to the teaching and study of microeconomics – an elementary guide to the fundamental principles of the subject. It gives students from all parts of the world the opportunity to understand and appreciate the value of microeconomic tools and concepts for analyzing market processes in their economic environment, as well as maintaining a perspective on issues of trade and competitiveness, thus drawing attention to the relevance of microeconomic theory beyond the domestic scene to issues of trade and competitiveness on the international arena.
The book contains a wealth of international case studies and covers topics such as:
- elasticity
- Cobb-Douglas Production functions
- dynamic stability of market equilibrium
- monopolies and monopolistic competition
- project analysis
The perfect introduction to the building blocks of contemporary microeconomic theory, this book will be of interest to undergraduate students in international economics, industrial economics, managerial economics and agricultural economics. It will also be a useful reference guide for graduates requiring a break down of difficult microeconomic principles.
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Information
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Contents
- Preface
- Acknowledgements
- Dedication
- List of Figures
- List of Tables
- List of Boxed Examples
- Chapter 1 Introduction to Microeconomics
- Chapter 2 Theory of the Consumer
- Chapter 3 Market Demand and Elasticity
- Chapter 4 Topics in Demand Analysis
- Chapter 5 The Producer and Optimal Production Choices
- Chapter 6 Costs and Scale
- Chapter 7 Linear and Dynamic Programming and X-efficiency
- Chapter 8 Equilibrium in an Isolated Market
- Chapter 9 The Perfectly Competitive Market
- Chapter 10 Monopoly
- Chapter 11 Monopolistic Competition
- Chapter 12 Oligopoly
- Chapter 13 Alternative Theories of the Firm
- Chapter 14 The Factor Market
- Chapter 15 General Equilibrium and Welfare Maximization
- Chapter 16 Investment Criteria
- Index
