Intermediate Microeconomics

by Robert Mochrie

Overview

This innovative textbook contains everything students need to know on an intermediate microeconomics course. Combining classic theory and models with the latest developments, it gently guides learners through the topics and helps them to become increasingly independent. Mathematical understanding is a crucial part of mastering the subject, but can be tricky to obtain. Consequently, numerical tools and engaging exercises are expertly woven into the broader, conceptual discussion of economic theory. This process is progressive and incremental, with steps explained in great detail in the opening chapters to help students gain mathematical fluency and confidence.

A microeconomics textbook that is essential reading for any intermediate level course at university. Although primarily aimed at two-semester undergraduate modules, the comprehensive and accessible writing style means that it is also suitable for certain postgraduate and one-semester courses. The author provides helpful notes on how to adapt the book to your course.

Product Details

ISBN-13:	9781137008442
Publisher:	Bloomsbury Academic
Publication date:	10/26/2015
Edition description:	1st ed. 2015
Pages:	672
Product dimensions:	7.40(w) x 9.60(h) x 1.20(d)

About the Author

Robert I. Mochrie is a Senior Lecturer in Accountancy, Economics and Finance at the School of Management and Languages, Heriot-Watt University, UK.
Nicholas Marsh is Fellow of the English Association and the author of many titles in the 'Analysing Texts' series, of which he is also the General Editor.

Table of Contents

PART I: MARKETS IN CONTEXT
1. Key principles
2. Perfect markets
PART II: RESOURCE ALLOCATION FOR PEOPLE
3. The budget set
4. Preferences
5. Utility functions
6. The most-preferred, affordable bundle
7. Demand functions
8. Price changes
9. The CES utility function
PART III: RESOURCE ALLOCATION FOR FIRMS
10. Production
11. Cost functions
12. Costs and planning
13. Firm supply in perfect competition
14. Equilibrium in perfect competition
PART IV: MARKET POWER
15. Monopoly
16. Price discrimination
17. Oligopoly
18. Game theory: concepts
19. Game theory: applications
PART V: WELFARE
20. Exchange
21. Production and distribution
22. Externalities
23. Public goods
PART VI: BEHAVIOUR
24. Personal choice
25. Inter-temporal choice
26. Choice and risk
27. Rationality and behaviour
PART VII: APPLYING GAME THEORY
28. Games with imperfect information
29. Product differentiation
30. Auctions
31. Afterword.