INTERMEDIATE MICROECONOMICS offers an exceptionally clear and concise introduction to the economic study of markets, focuses on managerial and algebraic approaches, includes relevant applications and strong examples, and gives you activities that allow you to learn by doing. Your purchase includes two time-saving resources: access to InfoTrac College Edition's online university library and online study tools through Economic Applications! With Economic Applications, you'll have online access to study guides and review materials that will help you succeed in the course. And with InfoTrac College Edition, you'll save time, save money—and eliminate the trek to the library. Log in and access a library of more than 5,000 academic and popular magazines, newspapers, and journals.
Product dimensions: 7.40 (w) x 9.40 (h) x 1.20 (d)
Meet the Author
Walter Nicholson is the Ward H. Patton Professor of Economics at Amherst College. He received his B.A. in mathematics from Williams College and his Ph.D. in economics from MIT. Professor Nicholson's principal research interests are in the econometric analyses of labor market problems including unemployment, job training, and the impact of international trade. Professor Nicholson and his wife, Susan, live in Amherst, Massachusetts, and Naples, Florida. What was previously a very busy household, with four children everywhere, is now rather empty, with only one rather aged Labrador retriever still underfoot. But an ever-increasing number of grandchildren breathe some life into these places whenever they visit, which seems far too seldom.
Christopher M. Snyder is a Professor of Economics at Dartmouth College. He received his B.A. in economics and mathematics from Fordham University and his Ph.D. in economics from MIT. Before coming to Dartmouth in 2005, he taught at George Washington University for over a decade, and he has been a visiting professor at the University of Chicago and MIT. He is currently President of the Industrial Organization Society and Associate Editor of the International Journal of Industrial Organization and Review of Industrial Organization. His research covers various theoretical and empirical topics in industrial organization, contract theory, and law and economics. Professor Snyder and his wife Maura Doyle (who also teaches economics at Dartmouth) live within walking distance of campus in Hanover, New Hampshire, with their three elementary-school-aged daughters.
Part 1: INTRODUCTION. 1. Economic Models. Appendix: Mathematics Used In Microeconomics. Part 2: DEMAND. 2. Utility and Choice. 3. Individual Demand Curves. 4. Market Demand and Elasticity. Part 3: UNCERTAINTY AND STRATEGY. 5. Uncertainty. 6. Game Theory and Strategy. Part 4: PRODUCTION, COSTS, AND SUPPLY. 7. Production. 8. Costs. 9. Profit Maximization and Supply. Part 5: PERFECT COMPETITION. 10. Perfect Competition in a Single Market. 11. Applying the Competitive Model. 12. General Equilibrium and Welfare. Part 6: MARKET POWER. 13. Monopoly. 14. Imperfect Competition. Part 7: ADDITIONAL TOPICS. 15. Input Markets. Appendix: Individual Labor Supply. 16. Capital and Time. Appendix: Compound Interest. 17. Asymmetric Information. 18. Externalities and Public Goods.
This book fails on building intuitive and analytical skills. The text is easy to read but is completely inadequate for serious analysis, it is oversimplified with inadequate mathematical analysis. However, the main problem is failing to build intuitive and analytical skills. The exercises are very intuitive and seem to be taken from a completely different book, very incoherent. To solve the problems after each chapter I had to use another book, which defied the purpose of using this book in the first place.The chapter materials are utterly inadequate. For an intermediate book this is very sloppy. For a superior book on intermediate microeconomics look up Salvatore's 'Intermediate Microeconomics'.
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