MBA Economics / Edition 1

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This 12-chapter text presents a concise first course in microeconomics which is suitable for both MBA and upper level undergraduate programmes. No previous knowledge of economics is assumed.

MBA Economics covers the key areas of microeconomics - how the interactions of producers and consumers in product markets produce powerful tendencies towards efficiency and equality when self-interest is harnessed within purely competitive markets, as well as how rent-seeking activity can alter this conclusion and how human-capital investments can increase the productivity and wages of workers.

As economics is presented to students as an element in arguments, only the economics necessary to support the arguments need to be presented. This feature makes MBA Economics substantially leaner than the standard text in microeconomics, thereby making it far more accessible.

  • Written by an experienced textbook author.
  • No previous knowledge of economics is assumed.
  • Step by step analysis of key modules.
  • Concise introduction to microeconomics for MBA and undergraduate students.
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Product Details

  • ISBN-13: 9781557866318
  • Publisher: Wiley
  • Publication date: 8/11/1995
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 184
  • Product dimensions: 6.10 (w) x 9.10 (h) x 0.60 (d)

Meet the Author

Professor Mark Jackson teaches both in the economics department and in the MBA program at San José State University, California, USA.

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Table of Contents

To Instructors
1 Introduction 1
Pt. I Pure Competition and Efficiency: Product Markets 7
2 Product Demand: A Conclusion of the Theory of Consumer Choice 9
3 Product Supply: A Conclusion of the Theory of Producer Choice 27
4 A Model of Equilibrium Price Determination 45
5 Long-Run Tendencies in Purely Competitive Product Markets 61
6 Monopoly and Rent-Seeking Activity in Product Markets 73
Pt. II Pure Competition and Equality: Factor Markets 85
7 Labor Demand: A Conclusion of the Theory of Producer Choice 87
8 Labor Supply: A Conclusion of the Theory of Consumer Choice 103
9 A Model of Equilibrium Wage Determination 119
10 Long-Run Tendencies in Purely Competitive Labor Markets 133
11 Monopsony and Rent-Seeking Activity in Labor Markets 143
12 Human Capital 155
Index 163
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