Microeconomics A Modern Approach

Name: Microeconomics A Modern Approach
Price: 23.19 USD
Availability: InStock
ISBN: 9780324315844

ISBN-10: 0324315848

ISBN-13: 9780324315844

Edition: 2009

Authors: Andrew Schotter

List price: $324.95

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Description:

Professor Schotter believes the future of microeconomics will be heavily connected with the use of experimental tools. And with the exciting new MICROECONOMICS: A MODERN APPROACH, your students will be well prepared. Applying intermediate economics to everyday life, this innovative first edition is built on an experimental economics framework that emphasizes game theory, strategic analysis, and organization of the firm. Each chapter and section builds on a unifying theme of how economic institutions develop to solve problems that arise in a society. Concepts are presented within the context of a society that starts out in a primitive state of nature and gradually develops the…

Book details

List price: $324.95
Copyright year: 2009
Publisher: Cengage South-Western
Publication date: 2/1/2008
Binding: Hardcover
Pages: 768
Size: 8.25" wide x 10.25" long x 1.25" tall
Weight: 3.344
Language: English




Introduction



Economics and Institutions: A Shift of Emphasis



Preferences , utilities, demand, and uncertainty



Consumers and Their Preferences



Utilities--Indifference Curves



Demand and Behavior in Markets



Some Applications of Consumer, Demand, and Welfare Analysis



Uncertainty and the Emergence of Insurance



Uncertainty--Applications and Criticisms



Production And Cost



The Discovery of Production and Its Technology



Cost and Choice



Cost Curves



Decisions And Games



Game Theory and the Tools of Strategic Business Analysis



Decision Making Over Time



The Internal Organization of the Firm



Markets



Perfectly Competitive Markets: Short Run Analysis



Competitive Markets in the Long Run



Market Institutions and Auctions



The Age of Entrepreneurship: Monopoly



Natural Monopoly and the Economics of Regulation



The World of Oligopoly: Preliminaries to Successful Entry



Market Entry and the Emergency of Perfect Competition



Exchange And General Equilibrium



The Problem of Exchange



General Equilibrium and the Origins of the Free-Market and Interventionist Ideologies



Breakdowns And Market Failure



Moral Hazard and Adverse Selection: Informational Market Failures



Externalities: The Free Market--Interventionist Battle Continues



Input Markets And The Origins Of Class Struggle



Public Goods, the Consequences of Strategic Voting Behavior, and the Role of Government



Input Markets and the Origins of Class Conflict