Micro Markets Workbook: A Market Structure Approach to Microeconomic Analysis

by Robert A. Schwartz, Michael G. Carew, Tatiana Maksimenko

Overview

Understanding how microeconomics affects the marketplace is essential, however, most books simply address microeconomics in its pure theory-based form. Micro Markets helped bridge the gap between theory and practice by defining microeconomics in terms of real-world market applications.

Now, the Micro Markets Workbook offers you a wealth of practical information and exercises that will solidify your understanding of the tools and techniques found in the actual book. This comprehensive study guide—which parallels Micro Markets chapter by chapter—contains carefully constructed problems with detailed solutions, and offers invaluable insights into microeconomics, along with how all of its relevant theory is applicable to today’s markets.

Page by page, this workbook:

• Provides a convenient means of reviewing material presented in Micro Markets, and of enhancing your understanding of the principles of microeconomic theory

• Helps you learn to perform dynamic microeconomic analysis in practice and underscores several realities of markets that are stressed in Micro Markets

• Turns to the equities markets as a consistent application of microeconomic theory, while expanding the application of microeconomic principles to other markets

• And much more

If you intend on acquiring a firm understanding of this dynamic discipline, then the lessons found within Micro Markets Workbook can help you achieve this goal.

Product Details

ISBN-13:	9780470608982
Publisher:	Wiley
Publication date:	03/25/2010
Series:	Wiley Finance , #516
Sold by:	JOHN WILEY & SONS
Format:	eBook
Pages:	240
File size:	590 KB

About 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.

MICHAEL G. CAREW is Assistant Professor in the faculty of Economics and Finance at Baruch College in New York City. Prior to his academic work, he was a senior corporate executive and chief financial officer in New York investment and commercial banking, including insurance, real estate, and government finance. Carew received his PhD in U.S. economic history and his MBA in economics from New York University.

TATIANA MAKSIMENKO is a PhD candidate in finance at the Zicklin School of Business, Baruch College, CUNY, where her research is in the field of financial intermediation and corporate finance. Previously, she was at the economic research department of the Federal Reserve Bank of Cleveland. Maksimenko received her MBA in finance at Weatherhead School of Management, Case Western Reserve University, and holds a BS in economics and mathematics from Novosibirsk State University, Russia. She contributed to the book, Micro Markets: A Market Structure Approach to Microeconomic Analysis.

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Table of Contents

Preface.

Chapter 1 Introduction to Market-Driven Economics.

Learning Objectives.

Chapter Summary.

Glossary.

Current Events Discussions.

Review Questions.

Applications and Issues.

Additional Readings.

Answers to Review Questions.

Chapter 2 The Consumer Choice Model.

Learning Objectives.

Chapter Summary.

Glossary.

Current Events Discussions.

Review Questions.

Applications and Issues.

Additional Readings.

Answers to Review Questions.

Chapter 3 Demand Meets Supply.

Learning Objectives.

Chapter Summary.

Glossary.

Current Events Discussions.

Review Questions.

Applications and Issues.

Additional Readings.

Answers to Review Questions.

Chapter 4 Microeconomic Analysis Goes to Market.

Learning Objectives.

Chapter Summary.

Glossary.

Current Events Discussions.

Review Questions.

Applications and Issues.

Additional Readings.

Answers to Review Questions.

Chapter 5 Supply and the Costs of Production.

Learning Objectives.

Chapter Summary.

Glossary.

Current Events Discussions.

Review Questions.

Applications and Issues.

Additional Readings.

Answers to Review Questions.

Chapter 6 Sources and Nature of Competition.

Learning Objectives.

Chapter Summary.

Glossary.

Current Events Discussions.

Review Questions.

Applications and Issues.

Additional Readings.

Answers to Review Questions.

Chpater 7 Market Efficiency.

Learning Objectives.

Chapter Summary.

Glossary.

Current Events Discussions.

Review Questions.

Applications and Issues.

Additional Readings.

Answers to Review Questions.

Chapter 8 Public Policy and the Interplay between Competition, Technology and Regulation.

Learning Objectives.

Chapter Summary.

Glossary.

Current Events Discussions.

Review Questions.

Applications and Issues.

Additional Readings.

Answers to Review Questions.

About the Authors.