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Microeconomic Theory Basic Principles and Extensions

ISBN-10: 1111525536
ISBN-13: 9781111525538
Edition: 11th 2012
List price: $296.95
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Book details

List price: $296.95
Edition: 11th
Copyright year: 2012
Publisher: Cengage South-Western
Publication date: 6/23/2011
Binding: Hardcover
Pages: 784
Size: 8.50" wide x 10.50" long x 1.25" tall
Weight: 3.916
Language: English

Walter Nicholson is the Ward H. Patton Emeritus Professor of Economics at Amherst College and a visiting professor at Ave Maria University, Naples, Florida. Over his teaching career, Professor Nicholson has sought to develop in students an appreciation for the value of economic models in the study of important social questions. He also has enjoyed showing students some of the stranger things that economists have sought to model. Nicholson received his PhD in economics from MIT. Most of his research is in the area of labor economics, especially policy questions related to unemployment.

Introduction
Economic Models
Mathematics for Microeconomics
Choice and Demand
Preferences and Utility
Utility Maximization and Choice
Income and Substitution Effects
Demand Relationships among Goods
Uncertainty and Strategy
Uncertainty
Game Theory
Production and Supply
Production Functions
Cost Functions
Profit Maximization
Competitive Markets
The Partial Equilibrium Competitive Model
General Equilibrium and Welfare
Market Power
Monopoly
Imperfect Competition
Pricing in Input Markets
Labor Markets
Capital and Time
Market Failure
Asymmetric Information
Externalities and Public Goods

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