Micro Markets: A Market Structure Approach to Microeconomic Analysisby Robert A. Schwartz
Understanding how microeconomics affects the marketplace is essential for any investment professional, however most books simply address microeconomics in its pure theory-based form. Micro Markets helps bridge the gap between/i>/b>
A timely guide that bridges the gap between microeconomic theory and practice through real-world application in the marketplace
Understanding how microeconomics affects the marketplace is essential for any investment professional, however most books simply address microeconomics in its pure theory-based form. Micro Markets helps bridge the gap between theory and practice by defining microeconomics in terms of real-world, market applications.
This timely guide elucidates basic microeconomic concepts with an emphasis on applicability. It establishes a common application for all of the basic economic concepts that are reviewed, and provides in-depth insights into an industry that is of major economic importance in aggregate, and to most individuals.
- Utilizes equity market realities to underscore the relevance of economic theory
- Each chapter includes informative practice problems and power points
- A companion Workbook, with practice problems and solutions, is also available
By taking microeconomic theory and making it applicable to today's marketplace, Micro Markets builds a much-needed bridge between theory and practice.
Meet the Author
ROBERT A. SCHWARTZ is Marvin M. Speiser Professor of Finance and University Distinguished Professor in the Zicklin School of Business, Baruch College, CUNY. He is the developer, with Bruce Weber and Gregory Sipress, of the trading and market structure simulation, TraderEx (www.etraderex.net). Professor Schwartz has served as a consultant to various market centers including Nasdaq and the New York and London Stock Exchanges, and in 2009, he was named the first recipient of the annual World Federation of Exchanges (WFE) Award for Excellence. He has published over sixty refereed journal articles and seventeen books, including The Equity Trader Course and Equity Markets in Action, both published by Wiley. Professor Schwartz received his PhD in economics from Columbia University.
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