Microeconomics

Klappentext 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. Zusammenfassung 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. Inhaltsverzeichnis Part 1 Introduction to Microeconomics Chapter 1 Analyzing Economic Problems 1 Chapter 2 Demand and Supply Analysis 26 Appendix: Price Elasticity of Demand Along a Constant Elasticity Demand Curve 74 Part 2 Consumer Theory Chapter 3 Consumer Preferences and the Concept of Utility 75 Chapter 4 Consumer Choice 105 Appendix 1: The Mathematics of Consumer Choice 145 Appendix 2: The Time Value of Money 146 Chapter 5 The Theory of Demand 152 Part 3 Production and Cost Theory Chapter 6 Inputs and Production Functions 204 Appendix: The Elasticity of Substitution for a Cobb-Douglas Production Function 247 Chapter 7 Costs and Cost Minimization 249 Appendix: Advanced Topics in Cost Minimization 285 Chapter 8 Cost Curves 289 Appendix: Shephard's Lemma and Duality 327 Part 4 Perfect Competition Chapter 9 Perfectly Competitive Markets 331 Appendix: Profit Maximization Implies Cost Minimization 388 Chapter 10 Competitive Markets: Applications 390 Part 5 Market Power Chapter 11 Monopoly and Monopsony 442 Chapter 12 Capturing Surplus 489 Part 6 Imperfect Competition and Strategic Behavior Chapter 13 Market Structure and Competition 532 Appendix: The Cournot Equilibrium and the Inverse Elasticity Pricing Rule 574 Chapter 14 Game Theory and Strategic Behavior 575 Part 7 Special Topics Chapter 15 Risk and Information 608 Chapter 16 General Equilibrium Theory 654 Appendix: Deriving the Demand and Supply Curves for General Equilibrium 698 Chapter 17 Externalities and Public Goods 703 Mathematical Appendix 739 Solutions to Selected Problems 759 Glossary 781 Index 789 ...

Klappentext

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.

Inhalt

Part 1 Introduction to Microeconomics

Chapter 1 Analyzing Economic Problems 1

Chapter 2 Demand and Supply Analysis 26

Appendix: Price Elasticity of Demand Along a Constant Elasticity Demand Curve 74

Part 2 Consumer Theory

Chapter 3 Consumer Preferences and the Concept of Utility 75

Chapter 4 Consumer Choice 105

Appendix 1: The Mathematics of Consumer Choice 145

Appendix 2: The Time Value of Money 146

Chapter 5 The Theory of Demand 152

Part 3 Production and Cost Theory

Chapter 6 Inputs and Production Functions 204

Appendix: The Elasticity of Substitution for a Cobb-Douglas Production Function 247

Chapter 7 Costs and Cost Minimization 249

Appendix: Advanced Topics in Cost Minimization 285

Chapter 8 Cost Curves 289

Appendix: Shephard's Lemma and Duality 327

Part 4 Perfect Competition

Chapter 9 Perfectly Competitive Markets 331

Appendix: Profit Maximization Implies Cost Minimization 388

Chapter 10 Competitive Markets: Applications 390

Part 5 Market Power

Chapter 11 Monopoly and Monopsony 442

Chapter 12 Capturing Surplus 489

Part 6 Imperfect Competition and Strategic Behavior

Chapter 13 Market Structure and Competition 532

Appendix: The Cournot Equilibrium and the Inverse Elasticity Pricing Rule 574

Chapter 14 Game Theory and Strategic Behavior 575

Part 7 Special Topics

Chapter 15 Risk and Information 608

Chapter 16 General Equilibrium Theory 654

Appendix: Deriving the Demand and Supply Curves for General Equilibrium 698

Chapter 17 Externalities and Public Goods 703

Mathematical Appendix 739

Solutions to Selected Problems 759

Glossary 781

Index 789