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Microeconomic Theory: Basic Principles and Extensions / Edition 8

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Overview

Applauded for providing the most clear and accurate presentation of advanced microeconomic concepts, Walter Nicholson brings us Microeconomic Theory: Basic Principles and Extensions, 8e . It gives readers the opportunity to work directly with theoretical tools, real-world applications, and cutting edge developments in the study of microeconomics. Reviewers exclaim, "NicholsonÂ's text is solid, rigorous and comprehensive. It is sensibly challenging for students, best serving students with a mathematics background, and absolutely essential for those who are preparing for graduate studies in economics."

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Product Details

  • ISBN-13: 9780030335938
  • Publisher: Cengage Learning
  • Publication date: 10/26/2001
  • Edition description: Older Edition
  • Edition number: 8
  • Pages: 768
  • Product dimensions: 8.25 (w) x 10.25 (h) x 1.25 (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.

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Table of Contents

Pt. I Introduction 1
Ch. 1 Economic Models 3
Ch. 2 The Mathematics of Optimization 23
Pt. II Choice and Demand 67
Ch. 3 Preferences and Utility 69
Ch. 4 Utility Maximization and Choice 98
Ch. 5 Income and Substitution Effects 125
Ch. 6 Demand Relationships among Goods 164
Ch. 7 Market Demand and Elasticity 184
Pt. III Choice under Uncertainty 209
Ch. 8 Choice in Uncertain Situations: Expected Utility and Risk Aversion 211
Ch. 9 The Economics of Information 242
Ch. 10 Game Theory and Strategic Equilibrium 265
Pt. IV Production and Supply 287
Ch. 11 Production Functions 289
Ch. 12 Costs 322
Ch. 13 Profit Maximization and Supply 363
Pt. V Perfect Competition 397
Ch. 14 The Partial Equilibrium Competitive Model 399
Ch. 15 Applied Competitive Analysis 438
Ch. 16 General Competitive Equilibrium 459
Ch. 17 The Efficiency of Perfect Competition 501
Pt. VI Models of Imperfect Competition 543
Ch. 18 Models of Monopoly 545
Ch. 19 Traditional Models of Imperfect Competition 580
Ch. 20 Game Theory Models of Pricing 610
Pt. VII Pricing in Input Markets 633
Ch. 21 Firms' Demands for Inputs 635
Ch. 22 Labor Supply 666
Ch. 23 Capital 690
Pt. VIII Limits of the Market 727
Ch. 24 Externalities and Public Goods 729
Ch. 25 Public Choice Theory 757
Brief Answers to Queries 781
Solutions to Odd-Numbered Problems 791
Glossary of Frequently used Terms 801
Name Index 809
Subject Index 813
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