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NOOK Study eTextbooks from Barnes & Noble are read with the NOOK Study eReader for your PC and Mac. Learn about NOOK Study
Anonymous
Posted August 5, 2003
The author is truly a master in explaining difficult concepts. He does not try to scare away people by using esoteric notations, 'bad' English (some economic books are unnecessarily lengthy, wordy). The author uses math in the way most people understand (calculus). Unlike books like the one by Mas-Collel, Nicholson does not try to show that 'economics is rocket science that few people understand', instead, he is trying to lead you to the interesting world of economics. I used this book as my main study tool for my PhD course. Our professor chose Mas-Collel's heavy book, but I found it was a great waste of my time and money. I almost lost my interest in economics by reading that book. Nicholson's book saved my career interest and I truly think he really understands the 'stuff'. The is a masterpiece.
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More About This Textbook
Overview
MICROECONOMIC THEORY: BASIC PRINCIPLES AND EXTENSIONS, 11th edition, delivers economic models, theoretical tools, real-world applications, and the latest developments in the study of microeconomics. Insightful graphic presentations help visual learners see the connections between the calculus and the algebra/geometry of the same material as it applies to microeconomic theory.
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Meet the Author
Walter Nicholson is the Ward H. Patton Professor of Economics at Amherst College where he enjoys introducing students to strange kinds of things economists have tried to model. By combining law and economics, he found the perfect match between interesting economic theory and important social questions that he could use to encourage students to speak accurately about economics. Nicholson received his Ph.D. in economics from MIT and has been published in numerous journals such as the Monthly Labor Review, The Journal of Economic Perspectives, and The Review of Economics and Statistics.
Christopher Snyder specializes in the fields of industrial organization, microeconomic theory, and law and economics. He received his Ph.D. in Economics from the Massachusetts Institute of Technology in 1994 before joining the Economics Department at Dartmouth in 2005.He has also taught at George Washington University and has held visiting positions at M.I.T. and the University of Chicago.
Table of Contents
Part I: INTRODUCTION. 1. Economic Models. 2. Mathematics for Microeconomics. Part II: CHOICE AND DEMAND. 3. Preferences and Utility. 4. Utility Maximization and Choice. 5. Income and Substitution Effects. 6. Demand Relationships among Goods. Part III: UNCERTAINTY AND STRATEGY. 7. Uncertainty. 8. Game Theory. Part IV: PRODUCTION AND SUPPLY. 9. Production Functions. 10. Cost Functions. 11. Profit Maximization. Part V: COMPETITIVE MARKETS. 12. The Partial Equilibrium Competitive Model. 13. General Equilibrium and Welfare. Part VI: MARKET POWER. 14. Monopoly. 15. Imperfect Competition. Part VII: PRICING IN INPUT MARKETS. 16. Labor Markets. 17. Capital and Time. Part VIII: MARKET FAILURE. 18. Asymmetric Information. 19. Externalities and Public Goods.