Methods Of Microeconomics A Simple Introduction

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Methods of Microeconomics: A Simple Introduction

Author : K.H. Erickson
Publisher : K.H. Erickson
ISBN 13 :
Total Pages : 75 pages
Book Rating : 4./5 ( download)

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Book Synopsis Methods of Microeconomics: A Simple Introduction by : K.H. Erickson

Download or read book Methods of Microeconomics: A Simple Introduction written by K.H. Erickson and published by K.H. Erickson. This book was released on with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Methods of Microeconomics: A Simple Introduction is an accessible guide to the mathematical methods of microeconomics. Worked examples are combined with exercises and solutions for readers, as economic relationships and equilibrium values are revealed and outcomes predicted. Consumer preferences and utility are examined with indifference curves, and differentiation to find marginal utility and the marginal rate of substitution. Consumer choice uses a Lagrange multiplier for optimization of utility functions subject to a budget constraint. Risk attitude and expected utility look at absolute and relative risk aversion measures, and apply risk averse, neutral or risk loving attitudes to find the expected utility linked with gambling or buying insurance. Production maximization optimizes production functions subject to cost constraints. Cost minimization optimizes cost functions subject to production constraints. Profit maximization with quadratic cost functions is performed for perfectly competitive or monopoly firms. Monopoly, monopolistically competitive, and oligopoly equilibrium values are calculated with optimization. The effects of asymmetric information are examined by comparing actual, equilibrium, and efficient outcomes for buyers and sellers.

Methods of Microeconomics

Author : K. Erickson
Publisher : Createspace Independent Pub
ISBN 13 : 9781502993878
Total Pages : 100 pages
Book Rating : 4.9/5 (938 download)

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Book Synopsis Methods of Microeconomics by : K. Erickson

Download or read book Methods of Microeconomics written by K. Erickson and published by Createspace Independent Pub. This book was released on 2014-10-27 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Methods of Microeconomics: A Simple Introduction is an accessible guide to the mathematical methods of microeconomics. Worked examples are combined with exercises and solutions for readers, as economic relationships and equilibrium values are revealed and outcomes predicted. Consumer preferences and utility are examined with indifference curves, and differentiation to find marginal utility and the marginal rate of substitution. Consumer choice uses a Lagrange multiplier for optimization of utility functions subject to a budget constraint. Risk attitude and expected utility look at absolute and relative risk aversion measures, and apply risk averse, neutral or risk loving attitudes to find the expected utility linked with gambling or buying insurance. Production maximization optimizes production functions subject to cost constraints. Cost minimization optimizes cost functions subject to production constraints. Profit maximization with quadratic cost functions is performed for perfectly competitive or monopoly firms. Monopoly, monopolistically competitive, and oligopoly equilibrium values are calculated with optimization. The effects of asymmetric information are examined by comparing actual, equilibrium, and efficient outcomes for buyers and sellers.

Microeconomic Methods

Author : K. H. Erickson
Publisher : CreateSpace
ISBN 13 : 9781502804198
Total Pages : 100 pages
Book Rating : 4.8/5 (41 download)

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Book Synopsis Microeconomic Methods by : K. H. Erickson

Download or read book Microeconomic Methods written by K. H. Erickson and published by CreateSpace. This book was released on 2014-10-21 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomic Methods: A Simple Introduction offers an accessible guide to the mathematical methods of microeconomics, and worked examples are combined with exercises and solutions for readers, as economic relationships and equilibrium values are revealed and outcomes predicted. Consumer preferences and utility are examined with indifference curves, and differentiation to find marginal utility and the marginal rate of substitution. Consumer choice uses a Lagrange multiplier to perform optimization of utility functions subject to a budget constraint. Risk attitude and expected utility look at absolute and relative risk aversion measures, and apply risk averse, neutral or risk loving attitudes to find the expected utility linked with gambling or buying insurance. Production maximization optimizes production functions subject to cost constraints. Cost minimization optimizes cost functions subject to production constraints. Profit maximization with quadratic cost functions is performed for perfectly competitive or monopoly firms. Monopoly, monopolistically competitive, and oligopoly equilibrium values are calculated with optimization. The effects of asymmetric information are examined by comparing actual, equilibrium, and efficient outcomes for buyers and sellers.

Microeconomics

Author : Avinash Dixit
Publisher : Oxford University Press
ISBN 13 : 0199689377
Total Pages : 153 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis Microeconomics by : Avinash Dixit

Download or read book Microeconomics written by Avinash Dixit and published by Oxford University Press. This book was released on 2014-04 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: The issues of microeconomics - including individuals' financial choices and firms' decisions about hiring and firing - have a large impact on the economic world, arguably as much, if not more than, macroeconomics. In this Very Short Introduction Avinash Dixit clearly explains what microeconomics is by using examples from around the world.

Economics: A Simple Introduction

Author : K.H. Erickson
Publisher : K.H. Erickson
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4./5 ( download)

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Book Synopsis Economics: A Simple Introduction by : K.H. Erickson

Download or read book Economics: A Simple Introduction written by K.H. Erickson and published by K.H. Erickson. This book was released on with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics: A Simple Introduction offers an accessible guide to the principles and methods of economics, with calculations and over 25 diagrams to support the analysis. Understand the four dimensional nature of economics, and how its learning process differs from other subjects. Use data points, read graphs, and learn to create your own graphs and how to plot a trend curve. Evaluate the laws of diminishing marginal utility and diminishing returns exhibited by these trend curves, and assess the impact on consumers and producers. Turn curves into lines to find the relationship between two variables using an intercept and slope. Find the equilibrium outcome where all sides are balanced and understand its importance for consumers and producers. Examine the factors which facilitate or prevent an equilibrium outcome, and which may lead to a range of possible outcomes. Explore the impact of time as static analysis becomes dynamic analysis. Look into short-run shifts in demand or supply, and the affect which they may have on prices and consumption or production levels. Look at changes which can occur over the long-run, specifically the end of the law of diminishing returns. Microeconomics overview explains how consumer preferences and budget constraint decide demand, and firm productivity and costs against revenue decide supply. Macroeconomics overview explains how the IS-LM model where goods and money markets balance decides aggregate demand, and the Phillips curve and growth models determine aggregate supply. Econometrics is introduced as a method is presented to create value estimates, and economic theory becomes practice.

A Course in Microeconomic Theory

Author : David M. Kreps
Publisher : Princeton University Press
ISBN 13 : 0691202753
Total Pages : 870 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis A Course in Microeconomic Theory by : David M. Kreps

Download or read book A Course in Microeconomic Theory written by David M. Kreps and published by Princeton University Press. This book was released on 2020-05-26 with total page 870 pages. Available in PDF, EPUB and Kindle. Book excerpt: David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics.

Principles of Macroeconomics

Author : Douglas Curtis
Publisher :
ISBN 13 :
Total Pages : 435 pages
Book Rating : 4.:/5 (125 download)

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Book Synopsis Principles of Macroeconomics by : Douglas Curtis

Download or read book Principles of Macroeconomics written by Douglas Curtis and published by . This book was released on 2021 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Principles of Macroeconomics is an adaptation of the textbook, Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine, and presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course. Examples are domestic and international in their subject matter and are of the modern era — financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure, and concerns about slow growth and the risk of deflation, are included. This textbook is intended for a one-semester course, and can be used in a two-semester sequence with the companion textbook, Principles of Microeconomics. The three introductory chapters are common to both textbooks."--BCcampus website.

Microeconomics: A Simple Introduction

Author : K.H. Erickson
Publisher : K.H. Erickson
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4./5 ( download)

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Book Synopsis Microeconomics: A Simple Introduction by : K.H. Erickson

Download or read book Microeconomics: A Simple Introduction written by K.H. Erickson and published by K.H. Erickson. This book was released on 2014-01-13 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics: A Simple Introduction offers an accessible guide to the central principles and ideas of microeconomics, with over 50 diagrams included to illustrate the analysis. Understand opportunity cost, diminishing returns, demand and supply, the market equilibrium, market failure, adverse selection and moral hazard. Learn how to calculate price and income elasticities. Consumer theory explores budget constraints, indifference curves, marginal rate of substitution, utility maximization, Hicks and Slutsky income and substitution effects, and Samuelson’s revealed preference theory. Firm theory examines production factors, Cobb-Douglas and other production functions, returns to scale, isoquant curves, isocost lines, cost minimization, profit maximization, Lerner index, and differentiation to derive a marginal revenue curve. Perfect competition, monopolistic competition, oligopoly, and monopoly are explained. Monopoly welfare effects are shown, with oligopoly models of kinked demand, cartels, dominant price leadership, Cournot and Bertrand. Game theory investigates duopoly and battle of the sexes games, assessing them with dominance and credible threats.

introductory MICROECONOMICS

Author : Cristobal M. Pagoso
Publisher : Rex Bookstore, Inc.
ISBN 13 : 9789712315404
Total Pages : 324 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis introductory MICROECONOMICS by : Cristobal M. Pagoso

Download or read book introductory MICROECONOMICS written by Cristobal M. Pagoso and published by Rex Bookstore, Inc.. This book was released on 1994 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Introductory Microeconomics

Author : Michael Veseth
Publisher : Academic Press
ISBN 13 : 1483258343
Total Pages : 379 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Introductory Microeconomics by : Michael Veseth

Download or read book Introductory Microeconomics written by Michael Veseth and published by Academic Press. This book was released on 2014-05-10 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introductory Microeconomics explains the basic principles of microeconomics, producer and consumer choices, resource markets, and government policies. The book describes the economics of exchange, such as the role of economic growth, factors that determine the amount and types of exchange, the supply and demand model of market operations, price setting, price changes, and the impact of one market on other markets. The text also explains market failures in terms of free market choice, externalities of failures, monopolies, as well as scarcity and choices leading to poverty. When economic policies are considered by the state, there are trade-offs that are necessary in the exchange. Before the government should make decisions, it always has to consider two opportunity costs, namely, 1) budget constraints, and 2) the opportunity cost of the funds spent in the private sector. For example (no. 1), if more money is spent on transfer payments, less will be left for education, national defense, infrastructure. Another example (no. 2) is when the government collects taxes, a direct loss in real income and utility among consumers will result. The book also presents real world economics in terms of the social security tax in the United States. The book can prove valuable for students of economics or business, sociologists, general readers interested in real-world economics, and policy makers involved in national economic development.

Principles of Microeconomics

Author : Martin Kolmar
Publisher : Springer
ISBN 13 : 3319575899
Total Pages : 338 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Principles of Microeconomics by : Martin Kolmar

Download or read book Principles of Microeconomics written by Martin Kolmar and published by Springer. This book was released on 2017-09-11 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text provides a comprehensive and unique introduction to modern microeconomics. It pursues an integrative approach by putting the main findings of economics into a broader perspective; theories are critically reflected on from a philosophical standpoint and by comparing them to approaches found in the social sciences, while implications for the design of the legal system and business practices are highlighted throughout. In addition, the book presents brief examples and comprehensive case studies to facilitate an understanding of the theories’ real-world implications. Starting from the question as to why and how societies organize economic activity, the book adopts an institutional perspective to analyze the potential and limitations of different market types with regard to alleviating scarcity and achieving distributive objectives. It not only covers traditional rational-choice models, but also systematically introduces readers to important findings from behavioral economics and psychology. A companion workbook is available which features a wide variety of exercises, ranging from basic multiple-choice questions to challenging mathematical problems and case study scenarios.

Principles of Microeconomics 2e

Author : Steven A. Greenlaw
Publisher :
ISBN 13 : 9781947172340
Total Pages : pages
Book Rating : 4.1/5 (723 download)

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Book Synopsis Principles of Microeconomics 2e by : Steven A. Greenlaw

Download or read book Principles of Microeconomics 2e written by Steven A. Greenlaw and published by . This book was released on 2017-09-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Modern Microeconomics

Author : HL Ahuja
Publisher : S. Chand Publishing
ISBN 13 : 938567613X
Total Pages : pages
Book Rating : 4.3/5 (856 download)

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Book Synopsis Modern Microeconomics by : HL Ahuja

Download or read book Modern Microeconomics written by HL Ahuja and published by S. Chand Publishing. This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The nineteenth edition of Modern Microeconomics continues to provide a detailed understanding of the foundations of microeconomics. While it provides a solid foundation for economic analysis, it also lucidly explains the mathematical derivations of various microeconomic concepts. This textbook would be extremely useful for the students of economics.

Microeconomic Theory

Author : Stephen Mathis
Publisher : Pearson
ISBN 13 :
Total Pages : 712 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Microeconomic Theory by : Stephen Mathis

Download or read book Microeconomic Theory written by Stephen Mathis and published by Pearson. This book was released on 2002 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt: This student-friendly text clearly integrates microeconomic theory with calculus and graphics; its approach centers on constructing and analyzing fundamental models. By integrating basic tools of calculus, the text encourages students to solve problems by generating actual numerical solutions. The manner in which calculus reinforces the graphical analysis is clearly demonstrated in a step-by-step fashion; students will understand what the graphical solutions actually represent. Numerous real world applications of the theory are highlighted throughout the text.

Introduction to Microeconomics

Author : David E. W. Laidler
Publisher :
ISBN 13 : 9780860031314
Total Pages : 332 pages
Book Rating : 4.0/5 (313 download)

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Book Synopsis Introduction to Microeconomics by : David E. W. Laidler

Download or read book Introduction to Microeconomics written by David E. W. Laidler and published by . This book was released on 1981 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Microeconomics: A Very Short Introduction

Author : Avinash Dixit
Publisher : OUP Oxford
ISBN 13 : 0191003603
Total Pages : 153 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Microeconomics: A Very Short Introduction by : Avinash Dixit

Download or read book Microeconomics: A Very Short Introduction written by Avinash Dixit and published by OUP Oxford. This book was released on 2014-04-24 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics - individuals' choices of where to live and work, how much to save, what to buy, and firms' decisions about location, hiring, firing, and investment - involves issues that concern us on a daily basis. But when people think about economics, they tend to place importance on the bigger picture - macroeconomics - including issues such as unemployment, inflation, and the competitiveness of nations. In this Very Short Introduction, Avinash Dixit argues that the microeconomy has a large impact on the economic world, arguably as much as the issues of macroeconomics. Dixit steers a clear path through the huge number of issues related to microeconomics, explaining what happens when things go well, as well as showing how they fail, why that happens, and what can be done about it. Using real-life examples from around the world, using the minimum of mathematics and including simple graphs, he provides insights into economics from psychology and sociology to explain economic behaviour and rational choice. An ideal introduction for anyone interested in business and economics. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

An Easy Introduction to Economics: Microeconomics

Author : Susan M. Carlson
Publisher : Quantum Scientific Publishing
ISBN 13 : 1481874020
Total Pages : 339 pages
Book Rating : 4.4/5 (818 download)

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Book Synopsis An Easy Introduction to Economics: Microeconomics by : Susan M. Carlson

Download or read book An Easy Introduction to Economics: Microeconomics written by Susan M. Carlson and published by Quantum Scientific Publishing. This book was released on 2023-04-07 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have you ever wondered how economics affect you personally? Are you interested in how your financial behavior affects the prices and availability of the goods and services you use every day? This easy introduction to microeconomics gives you an opportunity to learn about the basic concepts of the economics of individuals and businesses in simple terms and easy to understand graphics.