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Microeconomics An Intuitive Approach

ISBN-10: 0538453265
ISBN-13: 9780538453264
Edition: 2011 (Student Manual, Study Guide, etc.)
Authors: Thomas Nechyba
List price: $372.95
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Description: Is it more efficient to rent a car or take taxis while on vacation? How do coupons change demand? MICROECONOMICS: AN INTUITIVE APPROACH explains the economic theory underlying everyday choices in a fun and conversational way. The book includes  More...

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Book details

List price: $372.95
Copyright year: 2011
Publisher: Cengage South-Western
Publication date: 2/2/2010
Binding: Hardcover
Pages: 800
Size: 8.50" wide x 10.50" long x 1.25" tall
Weight: 3.916
Language: English

Is it more efficient to rent a car or take taxis while on vacation? How do coupons change demand? MICROECONOMICS: AN INTUITIVE APPROACH explains the economic theory underlying everyday choices in a fun and conversational way. The book includes access to online LiveGraphs -- a suite of interactive, animated graphs that allows you to view dimensional graphs and functions illustrated in the book, as well as some additional graphs that are not in the printed text.

Professor Nechyba, who received his PhD from the University of Rochester in 1994, joined the Duke faculty in 1999 after spending five years on the faculty at Stanford University. He has lectured as a Visiting Professor at the Fundacao Getulio Vargas in Rio de Janeiro and the Center for Economic Studies at the University of Munich, and he held the year-long National Fellowship at the Hoover Institution on War, Revolution and Peace at Stanford in 1998/99. Professor Nechyba is currently a Research Associate at the National Bureau of Economic Research and serves as Associate Editor for the American Economic Review, International Tax and Public Finance, and The BE Journals of Economic Analysis and Policy. He has previously served as Director of Undergraduate Studies in the Department of Economics at Duke and is currently Department Chair. His research, which has been funded by agencies such as the National Science Foundation and the Spencer Foundation, lies in the field of public economics, with particular focus on primary and secondary education, federalism and the functioning of local governments, as well as public policy issues relating to disadvantaged families.

Foundational Preliminaries: Using Graphs in Economics (web-based chapter)
Introduction
Utility-Maximizing Choice: Consumers, Workers, and Savers
A Consumer's Economic Circumstances
Economic Circumstances in Labor and Financial Markets
Tastes and Indifference Curves
Different Types of Tastes
Doing the "Best" We Can
Income and Substitution Effects in Consumer Goods Markets
Wealth and Substitution Effects in Labor and Capital Markets
Demand for Goods and Supply of Labor and Capital
Consumer Surplus and Deadweight Loss
Profit-Maximizing Choice: Producers (or "Firms")
One Input and One Output: a Short-Run Producer Model
Production with Multiple Inputs
Production Decisions in the Short and Long Run
Competitive Markets and the "Invisible Hand"
Competitive Market Equilibrium
The "Invisible Hand" and the First Welfare Theorem
General Equilibrium
Choice and Markets in the Presence of Risk
Distortions of the "Invisible Hand" in Competitive Markets
Elasticities, Price-Distorting Policies, and Non-Price Rationing
Distortionary Taxes and Subsidies
Prices and Distortions across Markets
Externalities in Competitive Markets
Asymmetric Information in Competitive Markets
Distortions of the "Invisible Hand" from Strategic Decisions
Monopoly
Strategic Thinking and Game Theory
Oligopoly
Product Differentiation and Innovation in Markets
Public Goods
Governments and Politics
Considering How to Make the World a Better Place
What Is Good? Challenges from Psychology and Philosophy
Balancing Government, Civil Society, and Markets

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