Microeconomics: Equilibrium and Efficiency - Softcover

Thijs Ten Raa

Softcover

ISBN 10: 023020113X ISBN 13: 9780230201132

Publisher: Palgrave MacMillan, 2013

Synopsis

Microeconomics: Equilibrium and Efficiency teaches how to apply microeconomic theory in an innovative, intuitive and concise way. Using real-world, empirical examples, this book not only covers the building blocks of the subject, but helps gain a broad understanding of microeconomic theory and models.

About this title

From the Back Cover:

Microeconomics: Equilibrium and Efficiency is an innovative textbook that introduces microeconomic theory in an applied way, making use of real-world empirical examples.

Key benefits:

· Concise and intuitive: students will not only become familiar with the building blocks of the subject, but also gain a broad understanding of microeconomic theory and models.

· Empirical, real-world examples: all economic concepts are developed in a measurable way. Performance measures are derived and applied to firms, industries, and national economies.

· Systemic approach: the economy is considered as a system, looking at how its different parts interact, how prices are formed and how markets are interconnected.

· Unique innovations: for example, general equilibrium theory is introduced making use of Negishi's method – that is, equilibrium analysis follows the techniques used in empirical models.

· Coverage of modern topics such as environmental economics, information and optimal search, and the theory of inequality measurement.

· End-of-chapter summaries and exercises, with answers in the appendix.

Thijs ten Raa's unique approach bridges the gap between microeconomic theory and applied economics, helping students understand applied models that are used widely in industry, economic planning, trade, and environmental studies. Written in a lucid, clear and direct style, it is an ideal textbook for advanced undergraduate and graduate students.

About the Author:

Thijs ten Raa has been affiliated with NYU and Erasmus University and is now Associate Professor of Economics at Tilburg University, The Netherlands. He has published eight books, including the acclaimed The Economics of Benchmarking (2009), and numerous articles. In 2006 he was awarded the Wassily Leontief Centennial Medal.

About this edition

• Publisher: Palgrave MacMillan
• Publication date: 2013
• ISBN 10: 023020113X
• ISBN 13: 9780230201132
• Binding: Paperback
• Number of pages: 368