Microeconomics: An Intuitive Approach with Calculus (with Study Guide)

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Is it more efficient to rent a car or take taxis while on vacation? How do coupons change demand? MICROECONOMICS: AN INTUITIVE APPROACH WITH CALCULUS explains the economic theory underlying day-to-day choices. The A sections of each chapter introduce concepts using intuition, a conversational writing style, everyday examples, and graphs. The B sections cover the same concepts with accessible mathematical analyses. Each copy includes access to online LiveGraphs — a suite of interactive, animated graphs that allows you to view dimensional graphs and functions illustrated in the book, as well as some additional graphs that are not in the printed text.LiveGraphs and the Study Guide are accessible through the access code that is included with the purchase of a new text.

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Editorial Reviews

From the Publisher
"I would certainly adopt the [Nechyba] text. In fact there is a good argument to be made that it is an ideal text for my course . . . I like the emphasis on 'basic theory' and the clear exposition thereof."

"I would consider adopting this textbook for my sections of intermediate microeconomics and the main reasons for my interest are the high quality of the chapter content and the unique supporting materials."

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Product Details

  • ISBN-13: 9780538453257
  • Publisher: Cengage Learning
  • Publication date: 1/8/2010
  • Series: Upper Level Economics Titles Series
  • Edition description: New Edition
  • Pages: 1224
  • Product dimensions: 8.20 (w) x 10.20 (h) x 1.60 (d)

Meet the Author

Professor Nechyba, who received his PhD from the University of Rochester in 1994, joined the Duke faculty in 1999 after spending five years on the faculty at Stanford University. He has lectured as a Visiting Professor at the Fundacao Getulio Vargas in Rio de Janeiro and the Center for Economic Studies at the University of Munich, and he held the year-long National Fellowship at the Hoover Institution on War, Revolution and Peace at Stanford in 1998/99. Professor Nechyba is currently a Research Associate at the National Bureau of Economic Research and serves as Associate Editor for the American Economic Review, International Tax and Public Finance, and The BE Journals of Economic Analysis and Policy. He has previously served as Director of Undergraduate Studies in the Department of Economics at Duke and is currently Department Chair. His research, which has been funded by agencies such as the National Science Foundation and the Spencer Foundation, lies in the field of public economics, with particular focus on primary and secondary education, federalism and the functioning of local governments, as well as public policy issues relating to disadvantaged families.

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Table of Contents

Web Chapter 0: Foundational Preliminaries: Using Graphs and Math in Economics (web-based chapter). Chapter 1: Introduction. PART 1: Utility-Maximizing Choice: Consumers,Workers, and Savers. Chapter 2: A Consumer's Economic Circumstances. Chapter 3: Economic Circumstances in Labor and Financial Markets. Chapter 4: Tastes and Indifference Curves. Chapter 5: Different Types of Tastes. Chapter 6: Doing the "Best" We Can. Chapter 7: Income and Substitution Effects in Consumer Goods Markets. Chapter 8: Wealth and Substitution Effects in Labor and Capital Markets. Chapter 9: Demand for Goods and Supply of Labor and Capital. Chapter 10: Consumer Surplus and Deadweight Loss. PART 2: Profit-Maximizing Choice: Producers (or "Firms"). Chapter 11: One Input and One Output: A Short-Run Producer Model. Chapter 12: Production with Multiple Inputs. Chapter 13: Production Decisions in the Short and Long Run. PART 3: Competitive Markets and the "Invisible Hand". Chapter 14: Competitive Market Equilibrium. Chapter 15: The "Invisible Hand" and the First Welfare Theorem. Chapter 16: General Equilibrium. Chapter 17: Choice and Markets in the Presence of Risk. PART 4: Distortions of the "Invisible Hand" in Competitive Markets. Chapter 18: Elasticities, Price-Distorting Policies, and Non-Price Rationing. Chapter 19: Distortionary Taxes and Subsidies. Chapter 20: Prices and Distortions across Markets. Chapter 21: Externalities in Competitive Markets. Chapter 22: Asymmetric Information in Competitive Markets. PART 5: Distortions of the "Invisible Hand" from Strategic Decisions. Chapter 23: Monopoly. Chapter 24: Strategic Thinking and Game Theory. Chapter 25: Oligopoly. Chapter 26: Product Differentiation and Innovation in Markets. Chapter 27: Public Goods. Chapter 28: Governments and Politics. PART 6: Considering How to Make the World a Better Place. Chapter 29: What Is Good? Challenges from Psychology and Philosophy. Chapter 30: Balancing Government, Civil Society, and Markets.

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