Essentials of Microeconomics

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Essentials of Microeconomics is an excellent introduction to microeconomics, with a vigorous treatment of all relevant introductory microeconomic concepts. Each chapter is self-contained and includes the required key mathematical skills at the start. Ideal for introductory microeconomics courses and business economics courses.

Essentials of Microeconomics is an excellent introduction to microeconomics. It presents the basic tools of microeconomics clearly and concisely. It presents a vigorous treatment of all relevant introductory microeconomic concepts, and emphasises on modern economics – game theory and imperfect markets. Each chapter is self-contained and includes the required key mathematical skills at the start.

Now in its second edition, this updated textbook includes:

• Expanded lecturer resources, including detailed lecture slides, sample exam questions and updated test bank multiple choice questions
• An additional section on Economics in Practice, focused on policy, econometrics and behavioural economics

This book is ideal not only for introductory microeconomics courses, but its level of analysis also makes the book appropriate for introductory level economics taught at postgraduate level. With the emphasis on strategy, this text is also well suited for use in business economics courses.

Obsah

Part I Key Concept and Tools

1. Key economic concepts

2. Key mathematical tools

3. Key strategic tools

Part II Gains from Trade

4. Trade and the PPF

5. Bargaining

Part III Market Fundamentals

6. Demand

7. Production and Costs

8. Supply

9. Equilibrium and welfare

10. Elasticity

Part IV Types of Markets

11. Introduction to Markets

12. Perfect Competition

13. Monopoly

14. Monopolistic Competition

15. Oligopoly

Part V Market Failures

16. Price regulation, taxes and subsidies

17. Externalities

18. Public Goods and common resources

Part VI International Trade

19. International Trade

Part VII Economics in Practice

20. Some other markets

21. Economic policy

22. Economics and evidence

Part VII Review

23. Questions and answers