Microeconomics: A Modern Approach / Edition 3

Microeconomics: A Modern Approach / Edition 3

by Andrew Schotter
     
 

ISBN-10: 0321077474

ISBN-13: 9780321077479

Pub. Date: 08/02/2000

Publisher: Addison Wesley

Economics is a living science--and you can make a contribution. Dr. Schotter's new MICROECONOMICS: A MODERN APPROACH shows you how to go beyond studying theory and effectively apply what you learn to your future studies, career, and life. Professor Schotter believes the future of teaching microeconomics will be heavily connected with the use of experimental tools.…  See more details below

Overview

Economics is a living science--and you can make a contribution. Dr. Schotter's new MICROECONOMICS: A MODERN APPROACH shows you how to go beyond studying theory and effectively apply what you learn to your future studies, career, and life. Professor Schotter believes the future of teaching microeconomics will be heavily connected with the use of experimental tools. As a result, MICROECONOMICS is built on an experimental economics framework that emphasizes game theory, strategic analysis, and organization of the firm, without skimping on traditional topics like consumer choice, production and markets. Each chapter and section builds upon a unifying theme of how economic institutions develop to solve problems that arise in a society. Concepts are presented within the context of a society that starts out in a primitive state of nature and gradually develops the characteristics and institutions of a modern economy. Illustrating various points of view, the text also helps you sharpen your critical thinking skills as it presents theories as well as their deficiencies. Applying intermediate economics to everyday life, MICROECONOMICS: A MODERN APPROACH is a text that will further your core foundation for studying economics.

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Product Details

ISBN-13:
9780321077479
Publisher:
Addison Wesley
Publication date:
08/02/2000
Series:
Addison-Wesley Series in Economics
Edition description:
3RD
Pages:
752
Product dimensions:
7.05(w) x 8.72(h) x 1.64(d)

Table of Contents

Detailed Contents
List of Examples and Consulting Reports
Preface
Ch. 1Economics and Institutions: A Shift of Emphasis1
Ch. 2Consumers and Their Preferences18
Ch. 3Demand and Behavior In Markets59
Ch. 4The Problem of Exchange112
Ch. 5The Discovery of Production and Its Technology142
Ch. 6Cost and Choice169
Ch. 7Game Theory and the Tools of Strategic Business Analysis204
Ch. 8The Internal Organization of the Firm248
Ch. 9The Age of Entrepreneurship: Monopoly267
Ch. 10Natural Monopoly and the Economics of Regulation292
Ch. 11The World of Oligopoly: Preliminaries to Successful Entry326
Ch. 12Market Entry and the Emergence of Perfect Competition362
Ch. 13Perfectly Competitive Markets390
Ch. 14Uncertainty and the Emergence of Insurance430
Ch. 15General Equilibrium and the Origins of the Free-Market and Interventionist Ideologies462
Ch. 16Moral Hazard and Adverse Selection: Informational Market Failures484
Ch. 17Externalities: The Free Market-Interventionist Battle Continues507
Ch. 18Public Goods, the Consequences of Strategic Voting Behavior, and the Role of Government531
Ch. 19Input Markets and the Origins of Class Conflict566
Answers to Selected Exercises and Problems599
Index623

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