Essays In Microeconomic Theory
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| Author | : Peter E. Earl |
| Publisher | : Edward Elgar Pub |
| Total Pages | : 432 |
| Release | : 1995-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781852788629 |
'Microeconomics for Business and Marketing is an extremely impressive piece of work. I would go so far as to say that it is without any doubt the best textbook on microeconomics which is available, both in terms of the range of material covered and in the way in which it is presented so clearly. 'It will be useful for non-specialist economics students, because it shows them that economics, when done properly, can say some interesting things without making ridiculous assumptions. and specialists will benefit from having such a wide range of material made accessible in a single text. I would recommend it without hesitation.' - Paul Ormerod, author of The Death of Economics and Consultant, Henley Centre for Forecasting Microeconomics for Business and Marketing is a wide-ranging, innovative textbook which will stimulate students and teachers alike. It will be of particular relevance to students of marketing, commerce and business strategy. Specifically designed with today's larger class sizes in mind, the book encourages students to question and to develop both analytical and written skills, as well as to use economics as a tool for problem solving.
| Author | : Frank Hahn |
| Publisher | : MIT Press |
| Total Pages | : 174 |
| Release | : 1997 |
| Genre | : Business & Economics |
| ISBN | : 9780262581547 |
In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.
| Author | : Pablo Coto-Millán |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 402 |
| Release | : 2003-11-26 |
| Genre | : Business & Economics |
| ISBN | : 9783790801040 |
Essays on Microeconomics and Industrial Organisation aim to serve as a source and work of reference and consultation for the field of Microeconomics in general and of Industrial Organisation in particular. Traditionally, Microeconomics is essentially taught as theory and hardly ever an estimation of a demand, production and cost function is offered . Over the last two decades, however, Microeconomics has greatly broadened its field of empirical application. Therefore, this text combines microeconomic theories with a variety of empirical cases. The standardised microeconomic analysis of demand, production and costs is set forth along with appropriate econometric techniques. The text consists of four parts: Demand, Production and Costs (Supply), Market and Industrial Structure and Failure of Market and Industrial Regulation. It includes eleven new chapters with respect to the first edition.
| Author | : Hyman Minsky |
| Publisher | : Routledge |
| Total Pages | : 329 |
| Release | : 2016-04-14 |
| Genre | : Business & Economics |
| ISBN | : 1317232496 |
In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'. In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression. This Routledge Classics edition includes a new foreword by Jan Toporowski.
| Author | : Martin J. Osborne |
| Publisher | : Open Book Publishers |
| Total Pages | : 382 |
| Release | : 2023-06-26 |
| Genre | : Business & Economics |
| ISBN | : 180511123X |
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.
| Author | : Philip Arestis |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2014-04-09 |
| Genre | : Keynesian economics |
| ISBN | : 9780415758338 |
This volume, a companion to Money, Macroeconomics and Keynes, is published in honour of Victoria Chick, and represents both consolidation and the breaking of new ground in Keynesian Methodology and Microeconomics.
| Author | : Martin Shubik |
| Publisher | : MIT Press |
| Total Pages | : 472 |
| Release | : 1999 |
| Genre | : Business & Economics |
| ISBN | : 9780262693110 |
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.
| Author | : Wolfgang J. M. Drechsler |
| Publisher | : Anthem Press |
| Total Pages | : 443 |
| Release | : 2009 |
| Genre | : Business & Economics |
| ISBN | : 1843317850 |
'Techno-Economic Paradigms' presents a series of essays discussing one of the most interesting and talked-about socio-economic theories of our times: techno-economic paradigm shifts.
| Author | : Bahrum Lamehdasht |
| Publisher | : Lulu.com |
| Total Pages | : 149 |
| Release | : 2012-12-13 |
| Genre | : Business & Economics |
| ISBN | : 1291879471 |
This book contains essays and revision notes for Microeconomics at the undergraduate level. This book includes the following topics: - Utility Curves; - Perfect Competition vs. Monopoly; - Oligopoly; - Collusion; - Monopolistic Competition; - Price Discrimination; - X-Efficiency; - Why do Firms Exist?; - Negative Externalities; - Positive Externalities; - Public Goods; - Adverse Selection; - General Equilibrium; - Efficiency Wages; - Minimum Wages and Unemployment; - Arrow-Pratt Risk-Aversion
| Author | : Michael J. Boskin |
| Publisher | : Academic Press |
| Total Pages | : 417 |
| Release | : 2014-05-10 |
| Genre | : Business & Economics |
| ISBN | : 148326100X |
Economic Theory, Econometrics, and Mathematical Economics: Economics and Human Welfare: Essays in Honor of Tibor Scitovsky focuses on the principles, influence, and contributions of Tibor Scitovsky on economics. The selection first elaborates on welfare economics and microeconomic theory, property rights doctrine and demand revelation under incomplete information, and experiments in the pricing of theater tickets. Discussions focus on the effect on audience composition, volume, and revenues, failure of bargaining under privacy, growing disenchantment with economic growth, and bargaining as a game of incomplete information. The text then takes a look at economics and the transformation of the idea of progress and changes in the size distribution of income. The text ponders on welfare criteria, distribution, and cost- benefit analysis; position of ethics in the theory of production; and rationing and price as methods of restricting demand for specific products. Topics include excise taxation with revenue distributed like rations; private and social returns to morality; effect of changes in the cost of organization and communication; and logical and historical foundation of the theory of the welfare state. The selection is highly recommended for economists and researchers interested in pursuing studies on the relationship of economics and human welfare.
