Microeconomics / Edition 7

by Robert Pindyck, Daniel Rubinfeld

Overview

KEY BENEFIT: This book is well known for its coverage of modern topics (Game theory, Economics of Information, and Behavioral Economics), clarity of its writing style and graphs, and integrated use of real world examples.

KEY TOPICS: The emphasis on relevance and application to both managerial and public-policy decision-making are focused goals of the book. This emphasis is accomplished by including MANY extended examples that cover such topics as the analysis of demand, cost, and market efficiency; the design of pricing strategies; investment and production decisions; and public policy analysis.

Economists and strategists looking to stay current with economic information.

Product Details

ISBN-13:	9780132080231
Publisher:	Prentice Hall
Publication date:	06/25/2008
Series:	MyEconLab Series
Edition description:	Older Edition
Pages:	768
Product dimensions:	7.90(w) x 10.10(h) x 1.30(d)

About the Author

Robert S. Pindyck is the Bank of Tokyo-Mitsubishi Ltd. Professor of Economics and Finance in the Sloan School of Management at M.I.T. Daniel L. Rubinfeld is the Robert L. Bridges Professor of Law and Professor of Economics Emeritus at the University of California, Berkeley, and Professor of Law at NYU. Both received their PhDs from M.I.T., Pindyck in 1971 and Rubinfeld in 1972. Professor Pindyck’s research and writing have covered a variety of topics in microeconomics, including the effects of uncertainty on firm behavior and market structure; the behavior of natural resource, commodity, and financial markets; environmental economics; and criteria for investment decisions. Professor Rubinfeld, who served as chief economist at the Department of Justice in 1997 and 1998, is the author of a variety of articles relating to antitrust, competition policy, law and economics, law and statistics, and public economics.

Pindyck and Rubinfeld are also co-authors of Econometric Models and Economic Forecasts, another best-selling textbook that makes a perfect gift (birthdays, weddings, bar mitzvahs, you name it) for the man or woman who has everything. These two authors are always looking for ways to earn some extra spending money, so they enrolled as human subjects in a double-blind test of a new hair restoration medication. Rubinfeld strongly suspects that he is being given the placebo.

This is probably more than you want to know about these authors, but for further information, see their websites: http://web.mit.edu/rpindyck/www and http://www.law.berkeley.edu/faculty/rubinfeldd.

Table of Contents

Part I. Introduction: Markets and Prices

Chapter 1. Preliminaries

Chapter 2. The Basics of Supply and Demand

Part II. Producers, Consumers, and Competitive Markets

Chapter 3. Consumer Behavior

Chapter 4. Individual and Market Demand

Chapter 5. Uncertainty and Consumer Behavior

Chapter 6. Production

Chapter 7. The Cost of Production

Chapter 8. Profit Maximization and Competitive Supply

Chapter 9. The Analysis of Competitive Markets

Part III. Market Structure and Competitive Strategy

Chapter 10. Market Power: Monopoly and Monopsony

Chapter 11. Pricing with Market Power

Chapter 12. Monopolistic Competition and Oligopoly

Chapter 13. Game Theory and Competitive Strategy

Chapter 14. Markets for Factor Inputs

Chapter 15. Investment, Time, and Capital Markets

Part IV. Information, Market Failure, and the Role of Government

Chapter 16. General Equilibrium and Economic Efficiency

Chapter 17. Markets with Asymmetric Information

Chapter 18. Externalities and Public Goods

Appendix: The Basics of Regression

Glossary

Answers to Selected Exercises

Photo Credits

Index