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Microeconomics Unveiled Exploring Economic Dynamics At The
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Book Synopsis Microeconomics Unveiled: Exploring Economic Dynamics at the ... by :
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Book Synopsis Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth by : Kostis, Pantelis C.
Download or read book Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth written by Kostis, Pantelis C. and published by IGI Global. This book was released on 2020-10-30 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, the mainstream microeconomic and macroeconomic analysis was proven to be insufficient for exploring the dynamic and complex interactions among humans, institutions, and nature in our real economy. On the one side, microeconomics is filled with black-box models that fail to study the actual contractual relations between firms and markets, while on the other side macroeconomics were proven useless because they mistook the beauty of theoretical models for truth. Thus, questions have arisen about using new theoretical and empirical structures that would better describe our economic systems. Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth is an essential reference source that analyzes the hypotheses that govern the relationships of aggregate structures (macroeconomic analysis) that may be compatible with the assumptions that govern the behavior of individuals, households, and firms (micro analysis), and vice versa, in trying to achieve sustainable economic development and growth. Moreover, modern evolutionary growth thinking is used in trying to bridge the inconsistencies between microeconomics and macroeconomics and confront their failures in order to better describe the economic reality. While highlighting a broad range of topics including globalization, economic systems, and the role of institutions, this book is aimed toward economic analysts, financial advisors, policymakers, researchers, academicians, and students.
Book Synopsis Economic Theory and Cognitive Science by : Don Ross
Download or read book Economic Theory and Cognitive Science written by Don Ross and published by MIT Press. This book was released on 2007-01-26 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, Don Ross explores the relationship of economics to other branches of behavioral science, asking, in the course of his analysis, under what interpretation economics is a sound empirical science. The book explores the relationships between economic theory and the theoretical foundations of related disciplines that are relevant to the day-to-day work of economics—the cognitive and behavioral sciences. It asks whether the increasingly sophisticated techniques of microeconomic analysis have revealed any deep empirical regularities—whether technical improvement represents improvement in any other sense. Casting Daniel Dennett and Kenneth Binmore as its intellectual heroes, the book proposes a comprehensive model of economic theory that, Ross argues, does not supplant, but recovers the core neoclassical insights, and counters the caricaturish conception of neoclassicism so derided by advocates of behavioral or evolutionary economics. Because he approaches his topic from the viewpoint of the philosophy of science, Ross devotes one chapter to the philosophical theory and terminology on which his argument depends and another to related philosophical issues. Two chapters provide the theoretical background in economics, one covering developments in neoclassical microeconomics and the other treating behavioral and experimental economics and evolutionary game theory. The three chapters at the heart of the argument then apply theses from the philosophy of cognitive science to foundational problems for economic theory. In these chapters, economists will find a genuinely new way of thinking about the implications of cognitive science for economics, and cognitive scientists will find in economic behavior, a new testing site for the explanations of cognitive science.
Download or read book Economic Dynamics written by Ronald Shone and published by Cambridge University Press. This book was released on 2002-11-28 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the substantially revised and restructured second edition of Ron Shone's successful advanced textbook Economic Dynamics. The book provides detailed coverage of dynamics and phase diagrams, including: quantitative and qualitative dynamic systems, continuous and discrete dynamics, linear and non-linear systems and single equation and systems of equations. It illustrates dynamic systems using Mathematica, Maple V and spreadsheets. It provides a thorough introduction to phase diagrams and their economic application and explains the nature of saddle path solutions. The second edition contains a new chapter on oligopoly and an extended treatment of stability of discrete dynamic systems and the solving of first-order difference equations. Detailed routines on the use of Mathematica and Maple are now contained in the body of the text, which now includes advice on the use of Excel and additional examples and exercises throughout. Supporting website contains solutions manual and learning tools.
Book Synopsis Intermediate Microeconomics by : Varian
Download or read book Intermediate Microeconomics written by Varian and published by . This book was released on 2012-05-01 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Microeconomics of Wellbeing and Sustainability by : Leonardo Becchetti
Download or read book The Microeconomics of Wellbeing and Sustainability written by Leonardo Becchetti and published by Academic Press. This book was released on 2019-10-22 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Microeconomics of Wellbeing and Sustainability: Recasting the Economic Process explores the civil economy tradition in economic thought. Gaining increasing consensus worldwide, this alternative-not heterodox-view of the economic process and agents explains how modern economics is placing increasing emphasis on the determinants of subjective wellbeing and environmental sustainability. With support from behavioral economics, this book makes a foundational contribution that will help users better understand and prepare for future economic challenges.
Book Synopsis Microeconomic Foundations I by : David M. Kreps
Download or read book Microeconomic Foundations I written by David M. Kreps and published by Princeton University Press. This book was released on 2013 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a rigorous treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these tools.
Book Synopsis Encyclopedia of Energy, Natural Resource, and Environmental Economics by :
Download or read book Encyclopedia of Energy, Natural Resource, and Environmental Economics written by and published by Newnes. This book was released on 2013-03-29 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government
Book Synopsis Models in Microeconomic Theory by : Martin J. Osborne
Download or read book Models in Microeconomic Theory written by Martin J. Osborne and published by Open Book Publishers. This book was released on 2023-06-26 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels.
Download or read book Profit Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-03 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Profit Economics In the field of economics, profit is defined as the difference between the entire costs of an economic entity's inputs and the income that the entity has received from its outputs. This difference is also referred to as surplus value. By subtracting the overall cost from the total revenue, which includes both explicit and implicit costs, it is equivalent to the cost. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Profit (economics) Chapter 2: Duopoly Chapter 3: Microeconomics Chapter 4: Monopoly Chapter 5: Monopolistic competition Chapter 6: Oligopoly Chapter 7: Perfect competition Chapter 8: Imperfect competition Chapter 9: Price discrimination Chapter 10: Profit maximization Chapter 11: Monopoly profit Chapter 12: Allocative efficiency Chapter 13: Bertrand paradox (economics) Chapter 14: Market power Chapter 15: Marginal revenue Chapter 16: Market structure Chapter 17: Competition (economics) Chapter 18: Market distortion Chapter 19: Williamson tradeoff model Chapter 20: Bertrand-Edgeworth model Chapter 21: Monopoly price (II) Answering the public top questions about profit economics. (III) Real world examples for the usage of profit economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Profit Economics.
Book Synopsis Schaum's Outline of Microeconomics, 4th Edition by : Dominick Salvatore
Download or read book Schaum's Outline of Microeconomics, 4th Edition written by Dominick Salvatore and published by Erlangga. This book was released on 2006-05 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Confusing Textbooks? Missed Lectures? Tough Test Questions? Fortunately for you, there's Schaum's Outlines. More than 40 million students have trusted Schaum's to help them succeed in the classroom and on exams. Schaum's is the key to faster learning and higher grades in every subject. Each Outline presents all the essential course information in an easy-to-follow, topic-by-topic format. You also get hundreds of examples, solved problems, and practice exercises to test your skills. This Schaum's Outline gives you Practice problems with full explanations that reinforce knowledge Coverage of the most up-to-date developments in your course field In-depth review of practices and applications Fully compatible with your classroom text, Schaum's highlights all the important facts you need to know. Use Schaum's to shorten your study time-and get your best test scores! Schaum's Outlines-Problem Solved.
Book Synopsis Exploring Universal Basic Income by : Ugo Gentilini
Download or read book Exploring Universal Basic Income written by Ugo Gentilini and published by World Bank Publications. This book was released on 2019-11-25 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Universal basic income (UBI) is emerging as one of the most hotly debated issues in development and social protection policy. But what are the features of UBI? What is it meant to achieve? How do we know, and what don’t we know, about its performance? What does it take to implement it in practice? Drawing from global evidence, literature, and survey data, this volume provides a framework to elucidate issues and trade-offs in UBI with a view to help inform choices around its appropriateness and feasibility in different contexts. Specifically, the book examines how UBI differs from or complements other social assistance programs in terms of objectives, coverage, incidence, adequacy, incentives, effects on poverty and inequality, financing, political economy, and implementation. It also reviews past and current country experiences, surveys the full range of existing policy proposals, provides original results from micro†“tax benefit simulations, and sets out a range of considerations around the analytics and practice of UBI.
Download or read book Microeconomics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2023-11-08 with total page 829 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Microeconomics Microeconomics is a subfield of mainstream economics that investigates the decision-making processes of individuals and firms when it comes to the distribution of limited resources, as well as the relationships that exist between these different individuals and firms. As contrast to macroeconomics, which analyzes the economy as a whole, microeconomics examines specific markets, industries, and sectors. Macroeconomics, on the other hand, looks at the economy in its entirety. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Microeconomics Chapter 2: Monopoly Chapter 3: Monopolistic competition Chapter 4: Neoclassical economics Chapter 5: Oligopoly Chapter 6: Perfect competition Chapter 7: Supply and demand Chapter 8: Imperfect competition Chapter 9: Index of economics articles Chapter 10: Economic equilibrium Chapter 11: Monopoly profit Chapter 12: Market power Chapter 13: Marginal revenue Chapter 14: Long run and short run Chapter 15: Competition (economics) Chapter 16: Market distortion Chapter 17: Margin (economics) Chapter 18: Profit (economics) Chapter 19: Bertrand-Edgeworth model Chapter 20: Monopoly price Chapter 21: Mesoeconomics (II) Answering the public top questions about microeconomics. (III) Real world examples for the usage of microeconomics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of microeconomics Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of microeconomics.
Book Synopsis Introduction to Modern Economic Growth by : Daron Acemoglu
Download or read book Introduction to Modern Economic Growth written by Daron Acemoglu and published by Princeton University Press. This book was released on 2008-12-15 with total page 1009 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: https://press.princeton.edu/titles/8970.html For Professors only: To access a complete solutions manual online, email us at: [email protected]
Download or read book Utility written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-05 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Utility In economics, utility is a measure of the satisfaction that a certain person has from a certain state of the world. Over time, the term has been used in two different meanings.The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism, by moral philosophers such as Jeremy Bentham and John Stuart Mill. In this context, the utilities of different people in the same state are comparable. In particular, one can compute the sum of all peoples' utilities in each state, and choose the state in which the sum is maximized; this leads to the utilitarian rule of social choice.The term has been adapted and reapplied within neoclassical economics, which dominates modern economic theory, as a representation of a consumer's ordinal preferences over a choice set. In this context, utility is not comparable across different consumers or possessing a cardinal interpretation. In fact, every monotone transformation of a utility function represents the same ordinal ranking over the alternatives, and thus is equivalent from the neoclassical economics point of view. In game theory, too, utility is used in the same meaning. This concept of utility is personal and based on choice rather than on pleasure received, and so requires fewer behavioral assumptions than the original concept. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Utility Chapter 2: Indifference curve Chapter 3: Arrow's impossibility theorem Chapter 4: Social welfare function Chapter 5: Consumer choice Chapter 6: Welfare economics Chapter 7: Expected utility hypothesis Chapter 8: Utility maximization problem Chapter 9: Marshallian demand function Chapter 10: Ordinal utility Chapter 11: Cardinal utility Chapter 12: Revealed preference Chapter 13: Constant elasticity of substitution Chapter 14: Quasilinear utility Chapter 15: Von Neumann-Morgenstern utility theorem Chapter 16: Preference (economics) Chapter 17: Preference Chapter 18: Debreu's representation theorems Chapter 19: Multi-attribute utility Chapter 20: Dichotomous preferences Chapter 21: Responsive set extension (II) Answering the public top questions about utility. (III) Real world examples for the usage of utility in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Utility.
Download or read book Mesoeconomics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2023-11-09 with total page 795 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Mesoeconomics The study of economic arrangements that are not based on the microeconomics of buying and selling as well as supply and demand, nor on the macroeconomic reasoning of aggregate totals of demand, but rather on the significance of the structures under which these forces play out, and how to measure the effects of these structures, is referred to as mezzoeconomics or mesoeconomics. This is a neologism that is used to describe the study of economic arrangements. Back in the 19th century, the field of study known as mesoeconomics first started to take shape. Long-term planning and economic zoning were topics that were investigated by Soviet researchers in the first half of the 20th century. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Mesoeconomics Chapter 2: Keynesian economics Chapter 3: Microeconomics Chapter 4: Macroeconomics Chapter 5: Neoclassical economics Chapter 6: General equilibrium theory Chapter 7: Post-Keynesian economics Chapter 8: Index of economics articles Chapter 9: Fiscal policy Chapter 10: Demand management Chapter 11: Kurt Dopfer Chapter 12: Long run and short run Chapter 13: Economics education Chapter 14: Dynamic stochastic general equilibrium Chapter 15: Microfoundations Chapter 16: New classical macroeconomics Chapter 17: Yew-Kwang Ng Chapter 18: Jason Potts (economist) Chapter 19: History of macroeconomic thought Chapter 20: New neoclassical synthesis Chapter 21: Richard Curtin (economist) (II) Answering the public top questions about mesoeconomics. (III) Real world examples for the usage of mesoeconomics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of mesoeconomics Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of mesoeconomics.
Download or read book Monopsony written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-24 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Monopsony According to the principles of economics, a monopsony is a market structure in which a single buyer controls the market to a significant degree by acting as the primary purchaser of products and services that are supplied by a large number of potential suppliers. Assuming that a single entity is the lone purchaser of an item or service, the microeconomic theory of monopsony establishes that this firm possesses market power over all other sellers. This is a power that is comparable to that of a monopolist, who has the ability to influence the price for its buyers in a monopoly, which is a situation in which several buyers have only one seller of a product or service accessible to purchase something from. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Monopsony Chapter 2: Labour economics Chapter 3: Microeconomics Chapter 4: Minimum wage Chapter 5: Perfect competition Chapter 6: New Keynesian economics Chapter 7: Phillips curve Chapter 8: Employment Chapter 9: Classical general equilibrium model Chapter 10: Efficiency wage Chapter 11: Marginal revenue productivity theory of wages Chapter 12: Edward Chamberlin Chapter 13: Bilateral monopoly Chapter 14: Labour market flexibility Chapter 15: Goodwin model (economics) Chapter 16: Factor market Chapter 17: Inequality of bargaining power Chapter 18: Labor demand Chapter 19: Alan Manning Chapter 20: Shapiro-Stiglitz theory Chapter 21: Francis Kramarz (II) Answering the public top questions about monopsony. (III) Real world examples for the usage of monopsony in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Monopsony.