Microeconomics Theory and Applications

ISBN-10: 1118065549
ISBN-13: 9781118065549
Edition: 11th 2012
List price: $230.95 Buy it from $2.02
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Description: Brown and Zupan's revision plan for Microeconomics: Theory & Application, 11th Edition, includes general updates and revisions throughout including new information on behavioral economics, game theory, price theory, and problems for every chapter.  More...

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Book details

List price: $230.95
Edition: 11th
Copyright year: 2012
Publisher: John Wiley & Sons, Incorporated
Publication date: 10/4/2011
Binding: Hardcover
Pages: 640
Size: 8.00" wide x 10.00" long x 1.25" tall
Weight: 3.036
Language: English

Brown and Zupan's revision plan for Microeconomics: Theory & Application, 11th Edition, includes general updates and revisions throughout including new information on behavioral economics, game theory, price theory, and problems for every chapter. The text features a new "solved" problems section in applicable chapters, and a new feature for WRK. In addition, Browning and Zupan use text and graphs, nearly without any math at all to teach microeconomic concepts. This edition is also enhanced with large clear graphs with simple exposition explaining the dynamic make learning very simple; new real-world applications which are up to date and help readers engage with the book; and international applications acknowledge that everything happens today in a global environment.

Preface
Acknowledgments
An Introduction to Microeconomics
The Scope of Microeconomic Theory
The Nature and Role of Theory
Positive versus Normative Analysis
Market Analysis and Real versus Nominal Prices
Basic Assumptions about Market Participants
Opportunity Cost
Production Possibility Frontier
Supply and Demand
Demand and Supply Curves
Determination of Equilibrium Price and Quantity
Adjustment to Changes in Demand or Supply
Government Intervention in Markets: Price Controls
Elasticities
The Mathematics Associated with Elasticities
The Theory of Consumer Choice
Consumer Preferences
The Budget Constraint
The Consumer�s Choice
Changes in Income and Consumption Choices
Are People Selfish?
The Utility Approach to Consumer Choice
Individual and Market Demand
Price Changes and Consumption Choices
Income and Substitution Effects of a Price Change
Income and Substitution Effects: Inferior Goods
From Individual to Market Demand
Consumer Surplus
Price Elasticity and the Price�Consumption Curve
Network Effects
The Basics of Demand Estimation
Deriving the Consumer�s Demand Curve Mathematically
Using Consumer Choice Theory
Excise Subsidies, Health Care, and Consumer Welfare
Subsidizing Health Insurance: ObamaCare
Public Schools and the Voucher Proposal
Paying for Garbage
The Consumer�s Choice to Save or Borrow
Exchange, Efficiency, and Prices
Production
The Cost of Production
Economies of Scope
Estimating Cost Functions
The Mathematics behind Production Cost
Profit Maximization in Perfectly Competitive Markets
Using the Competitive Model
Monopoly
Product Pricing with Monopoly Power
Monopolistic Competition and Oligopoly
Game Theory and the Economics of Information
Using Noncompetitive Market Models
Employment and Pricing of Inputs
Wages, Rent, Interest, and Profit

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