Price Theory and Applications (6th Edition)

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9780131907782: Price Theory and Applications (6th Edition)
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In this updated economics text, J. Hirshleifer (UCLA) and D. Hirshleifer (U. of Michigan) examine market decisions in a psychosocial context, and present boxed examples drawing upon recent research for discussion purposes. They designate challenging starred material beyond the core readings in the areas of: an introduction to the field, utility and preference (including measures of life satisfaction related to income), the business firm, factor markets and income distribution, exchange, the economics of time, and political economy. Annotation c. by Book News, Inc., Portland, Or.

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This intermediate-level text shows how an understanding of economics can shed light on market behavior, guide personal and financial decisions, and explain behavior in such areas as politics, crime, and the family.

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Rich with examples, this reality-based economics book continues its pioneering approach at integrating theory and applications, showing how macroeconomic analysis sheds light on market behavior, guides personal and financial decisions, and explains behavior in such areas as politics, crime, and the family. Presents over 100 topically varied, boxed 'Examples' which illustrate how economic models and principles help explain real-world phenomena, and intersperses more in-depth 'Applications' throughout, extending basic theory to topics of special interest, such as the economics of charitable contributions, the effects of import quotas, and minimum wage laws. Includes discussions and applications of economic analysis to historical phenomena; numerous non-US examples and illustrations; studies of topics and data from anthropology, law, biology, psychology, and other social sciences. Sixth Edition now analyzes time as a constraint upon consumption, provides a systematic introduction to the theory of games, and updates extensively throughout, with many new examples.For economists.

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