Microeconomics A Modern Approach

ISBN-10: 0324315848

ISBN-13: 9780324315844

Edition: 2009

Authors: Andrew Schotter

List price: $333.95
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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 characteristics and institutions of a modern economy. The text also nurtures critical-thinking skills by presenting theories as well as their deficiencies. Illustrating various points of view, MICROECONOMICS: A MODERN APPROACH encourages students not to just study theory, but to apply their knowledge to real-world issues.
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Book details

List price: $333.95
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

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
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
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