Workbook for Principles of Microeconomics

by Martin Kolmar, Magnus Hoffmann

Overview

This Second Edition updates the companion workbook to match the new edition of the textbook Principles of Microeconomics. Each chapter features a wide variety of exercises, ranging from basic multiple-choice questions to challenging mathematical problems and case study scenarios.

The textbook pursues an integrative approach to modern microeconomics by critically reflecting on the main findings of economics from a philosophical standpoint and comparing them to approaches found in the social sciences. It adopts an institutional perspective to analyze the potential and limitations of different market types, and highlights implications for the design of the legal system and business practices throughout. In addition to traditional rational-choice models, important findings from behavioral economics and psychology are also presented.

Product Details

ISBN-13:	9783030877279
Publisher:	Springer International Publishing
Publication date:	03/03/2022
Series:	Classroom Companion: Economics
Edition description:	2nd ed. 2022
Pages:	308
Product dimensions:	6.10(w) x 9.25(h) x (d)

About the Author

Martin Kolmar is Professor of Economics and Director of the Institute for Business Ethics at the University of St. Gallen, Switzerland. He studied Economics in Bonn and Berkeley and holds a PhD in Economics from the University of Konstanz. His research interests range from Institutional and Behavioral to Normative Economics and Philosophy. He is especially interested in the evolutionary, psychological and neuroscientific foundations of behaviour and well-being.

Magnus Hoffmann is a Senior Research Fellow at the University of St. Gallen, Switzerland. He studied Politics and Economics in Marburg and Mainz and holds a PhD in Economics from the University of Mainz. His fields of expertise include contests, industrial organization (IO) and tax competition.

Table of Contents

First Principles.- Gains from Trade.- Markets and Institutions - Introduction.- Supply and Demand.- Normative Economics.- Externalities.- Decisions and Consumber Behavior.- Costs.- A Second Look.- Firm Behavior in Monopolistic Markets.- Principles of Game Theories.- Firm Behavior in Oligopolistic Markets.- Elasticity.