Price Theory and Applications / Edition 2by Jack Hirshleifer
Pub. Date: 01/01/1980
Publisher: Prentice Hall
Rich with examples, this reality-based economics book continues its pioneering approach at integrating theory and applications, showing how macroeconomic analysis sheds light on market behavior, guides personal and financial decisions, and explains behavior in such areas as politics, crime, and the family. Presents over 100 topically varied, boxed 'Examples' which illustrate how economic models and principles help explain real-world phenomena, and intersperses more in-depth 'Applications' throughout, extending basic theory to topics of special interest, such as the economics of charitable contributions, the effects of import quotas, and minimum wage laws. Includes discussions and applications of economic analysis to historical phenomena; numerous non-US examples and illustrations; studies of topics and data from anthropology, law, biology, psychology, and other social sciences. Sixth Edition now analyzes time as a constraint upon consumption, provides a systematic introduction to the theory of games, and updates extensively throughout, with many new examples.For economists.
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Table of Contents
(NOTE:All chapters conclude with a Summary and Questions.)
PART I. INTRODUCTION.
2. Working Tools.
PART II. PREFERENCE, CONSUMPTION, AND DEMAND.
4. Consumption and Demand.
5. Applications and Extensions of Demand Theory.
PART III. THE FIRM AND THE INDUSTRY.
7. Equilibrium in the Product MarketCompetitive Industry.
8. Monopolies and Cartels.
9. The Product as a Variable.
10. Oligopoly and Strategic Behavior.
PART IV. FACTOR MARKETS AND INCOME DISTRIBUTION.
12. Resource Supply and Factor-Market Equilibrium.
PART V. EXCHANGE.
PART VI. ECONOMICS AND TIME.
PART VII. POLITICAL ECONOMY.
16. Government, Conflict, and Cooperation.
Answers to Selected Questions.
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