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Microeconomic Theory Basic Principles and Extensions

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ISBN-10: 0030335930

ISBN-13: 9780030335938

Edition: 8th 2002

Authors: Walter Nicholson

List price: $224.95
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Book details

List price: $224.95
Edition: 8th
Copyright year: 2002
Publisher: Cengage South-Western
Publication date: 10/26/2001
Binding: Hardcover
Pages: 768
Weight: 3.388
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.

Introductionp. 1
Economic Modelsp. 3
The Mathematics of Optimizationp. 21
Choice and Demandp. 63
Preferences and Utilityp. 65
Utility Maximization and Choicep. 91
Income and Substitution Effectsp. 115
Demand Relationships Among Goodsp. 151
Market Demand and Elasticityp. 171
Choice Under Uncertaintyp. 195
Expected Utility and Risk Aversionp. 197
The Economics of Informationp. 225
Game Theory and Strategic Equilibriump. 245
Production and Supplyp. 265
Production Functionsp. 267
Costsp. 297
Profit Maximization and Supplyp. 333
Perfect Competitionp. 365
The Partial Equilibrium Competitive Modelp. 367
Applied Competitive Analysisp. 401
General Competitive Equilibriump. 421
The Efficiency of Perfect Competitionp. 455
Models of Imperfect Competitionp. 493
Models of Monopolyp. 495
Traditional Models of Imperfect Competitionp. 527
Game Theory Models of Pricingp. 553
Pricing in Input Marketsp. 575
Firms' Demands for Inputsp. 577
Labor Supplyp. 605
Capitalp. 625
Limits of the Marketp. 657
Externalities and Public Goodsp. 659
Political Economicsp. 685
Brief Answers to Queriesp. 709
Solutions to Odd-Numbered Problemsp. 719
Glossary of Frequently Used Termsp. 729
Name Indexp. 735
Subject Indexp. 738
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