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Microeconomic Essentials : Understanding Economics in the News by Jay Prag (2020, Trade Paperback)

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Microeconomic Essentials : Understanding Economics in the News, Paperback by Prag, Jay, ISBN 0262539276, ISBN-13 9780262539272, Brand New, Free shipping in the US "An introduction to microeconomics for introductory/non-major micro and MBA courses"--

About this product

Product Identifiers

PublisherMIT Press

ISBN-100262539276

ISBN-139780262539272

eBay Product ID (ePID)14038279667

Product Key Features

Book TitleMicroeconomic Essentials : Understanding Economics in the News

Number of Pages248 Pages

LanguageEnglish

TopicEconomics / Microeconomics

Publication Year2020

IllustratorYes

GenreBusiness & Economics

AuthorJay PRAG

FormatTrade Paperback

Dimensions

Item Height0.6 in

Item Weight18.8 Oz

Item Length9 in

Item Width8 in

Additional Product Features

Intended AudienceTrade

LCCN2019-051434

Dewey Edition23

Dewey Decimal338.5

Table Of ContentChapter 1 Introduction Chapter 2 The Market Model Chapter 3 Applications of and Interference With the Market Chapter 4 Behind the Demand Line: Consumer Theory Chapter 5 Behind the Supply Line: Theory of the Firm Chapter 6 Perfect Competition Chapter 7 Monopoly Chapter 8 Imperfect Competition and Oligopoly Models Chapter 9 Game Theory Chapter 10 Input Markets Chapter 11 Welfare and Public Economics Chapter 12 International Economics

SynopsisA concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications. This concise and nontechnical introduction to microeconomics emphasizes concepts over mathematics. Keeping in mind that sometimes the most accurate model is not very useful in the real world, Microeconomic Essentials balances economics as mathematics with economics as a social process. Microeconomics is part of daily life; gas prices, wage increases, the rising cost of health care, international trade- all are microeconomic topics. Therefore, like its predecessor, Macroeconomic Essentials , this textbook accompanies its explanations with examples and real-world applications. The book covers the basic market model of supply and demand, showing how this "powerhouse" model can explain most price changes in the market. It discusses government intervention in the market; consumer theory and utility maximization, considering both concepts and real-world issues; the theory of the firm, "de-mathematizing" marginal revenue, marginal cost, and other topics; monopolies; perfect competition; and imperfect competition and oligopolies, as illustrated by OPEC, Coke, and Pepsi. It discusses game theory, reviewing the familiar models and concepts-while cautioning that game theory is best thought of as "a state of mind"; input markets; welfare and public economics, applying the tools presented in previous chapters; and international trade. Each chapter ends with examples and exercises. Appendixes supply answers to sample exam questions and solutions to even-numbered exercises., A concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications. This concise and nontechnical introduction to microeconomics emphasizes concepts over mathematics. Keeping in mind that sometimes the most accurate model is not very useful in the real world, Microeconomic Essentials balances economics as mathematics with economics as a social process. Microeconomics is part of daily life; gas prices, wage increases, the rising cost of health care, international trade: all are microeconomic topics. Therefore, like its predecessor, Macroeconomic Essentials , this textbook accompanies its explanations with examples and real-world applications. The book covers the basic market model of supply and demand, showing how this "powerhouse" model can explain most price changes in the market. It discusses government intervention in the market; consumer theory and utility maximization, considering both concepts and real-world issues; the theory of the firm, "de-mathematizing" marginal revenue, marginal cost, and other topics; monopolies; perfect competition; and imperfect competition and oligopolies, as illustrated by OPEC, Coke, and Pepsi. It discusses game theory, reviewing the familiar models and concepts--while cautioning that game theory is best thought of as "a state of mind"; input markets; welfare and public economics, applying the tools presented in previous chapters; and international trade. Each chapter ends with examples and exercises. Appendixes supply answers to sample exam questions and solutions to even-numbered exercises.

LC Classification NumberHB172.P693 2020