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Microeconomics An Integrated Approach

ISBN-10: 047117064X

ISBN-13: 9780471170648

Edition: 2002

Authors: David A. Besanko, Ronald R. Braeutigam

List price: $122.95
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Description:

This text presents microeconomic material in a way that balances the graphical and mathematical and integrates the graphs with the math so the reader get a deeper understanding of both.
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Book details

List price: $122.95
Copyright year: 2002
Publisher: John Wiley & Sons, Incorporated
Publication date: 9/11/2001
Binding: Hardcover
Pages: 864
Size: 8.17" wide x 10.28" long x 1.41" tall
Weight: 4.114
Language: English

Introduction To Microeconomics
Analyzing Economic Problems
Why Study Microeconomics?
Key Analytical Tools In Microeconomics
Positive And Normative Analysis
Supply and Demand Analysis
Demand, Supply, And Market Equilibrium
Price Elasticity Of Demand
Other Elasticities
Long-Run Versus Short-Run Demand And Supply
Back-Of-The-Envelope Calculations
Structural Versus Reduced-Form Equations
More On Elasticity
Consumer Theory
Consumer Preferences and the Concept of Utility
Representations Of Preferences
Utility Functions
Consumer Choice
The Budget Constraint
Optimal Choice
Consumer Choice With Composite Goods
Revealed Preference
The Mathematics Of Consumer Choice
The Theory of Demand
Optimal Choice And Demand
Income And Substitution Effects
Consumer Surplus
Market Demand
Network Externalities
The Choice Of Labor And Leisure
Consumer Price Indices
Production And Cost Theory
Inputs and Production Functions
Inputs And Production Functions
Production Functions With A Single Input
Production Functions With More Than One Input
Substitutability Among Inputs
Returns To Scale
Technological Progress
The Elasticity Of Substitution For A Cobb-Douglass Production Function
Costs and Cost Minimization
Cost Concepts For Decision Making
The Cost Minimization Problem
Comparative Statics Analysis Of The Cost Minimization Problem
Short-Run Cost Minimization
Advanced Topics In Cost Minimization
Cost Curves
Long-Run Cost Curves
Long-Run Average And Marginal Cost
Short-Run Cost Curves
Special Topics In Cost
Estimating Cost Functions
Shephard's Lemma And Duality
Perfect Competition
Perfectly Competitive Markets
What Is Perfect Competition?
Profit Maximization By A Pricetaking Firm
How The Market Price Is Determined: Short-Run Equilibrium
How The Market Price Is Determined: Long-Run Market Equilibrium
Economic Rent And Producer Surplus
Profit Maximization Implies Cost Minimization
Competitive Markets: Applications
The Invisible Hand
Impact Of An Excise Tax
Subsidies
Price Ceilings (Maximium Price Regulation)
Price Floors (Minimum Price Regulation)
Production Quotas
Other Price Supports
Import Tariffs And Quotas
Market Power
Monopoly and Monopsony
Profit Maximization By A Monopolist
The Inverse Elasticity Pricing Rule
Monopoly Comparative Statics
Multiplant Monopoly
The Welfare Economics Of Monopoly
Why Do Monopoly Markets Exist?
Monopsony
Capturing Surplus
Capturing Surplus
First-Degree Price Discrimination
Second-Degree Price Discrimination
Third-Degree Price Discrimination
Tying (Tie-In Sales)
Advertising
Imperfect Competition And Strategic Behavior
Market Structure and Competition
Types Of Market Structures
Oligopoly With Homogeneous Products
Dominant Firm Markets
Oligopoly With Differentiated Products
Monopolistic Competition
The Cournot Equilibrium And The Inverse Elasticity Price Rule
Game Theory and Strategic Behavior
The Concept Of Nash Equilibrium
The Repeated Prisoners' Dilemma
Sequential-Move Games And Strategic Moves
Special Topics
Risk and Information
Describing Risky Outcomes
Evaluating Risky Outcomes
Bearing And Eliminating Risk
Analyzing Risky Decisions
Auctions
General Equilibrium Theory
General Equilibrium Analysis: Two Markets
General Equilibrium Analysis: Many Markets
General Equilibrium Analysis: Comparative Statics
The Efficiency Of Competitive Markets
Gains From Free Trade
Deriving The Demand And Supply Curves For The General Equilibrium In Figure 16.9
Externalities and Public Goods
Externalities
Public Goods
Mathematical Appendix
Functional Relationships
What Is A Margin?
Derivatives
How To Find A Derivative
Derivative of a Constant
Derivative of a Power Function
Derivatives of Sums and Differences
Derivatives of a Natural Logarithm
Derivatives of Products
Derivatives of Quotients
Maximization And Minimization Problems
Optimal Quantity Choice Rules
Multivariable Functions
Finding a Maximum or a Minimum
Constrained Optimization
Lagrange Multipliers
Solutions To Selected Problems
Glossary
Index