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Synopsis
"Intermediate Microeconomics" offers a clear and concise treatment of microeconomic principles in a useful pedagogic framework. The mathematical level is approachable and uses basic algebra with extensions to calculus where it helps the analysis. The book is also strongly applied in focus and shows the relevance of theory in the 'real world'. Whilst these features make the book approachable to students, the theoretical content and overall learning experience is a rigorous one. In this adapted edition Peter Luke and Michael Wood have been brought in to adapt the text for the UK, European and South African market. Applications features in the book have been internationalised, and the European Social Model/US-UK model debate on the macroeconomy discussed at a micro level. This book is designed for students specifically studying economics at an undergraduate or postgraduate level such as MBA within the UK and EU in general, and South Africa. These students would be predominantly second-year students who have already taken an introductory course in microeconomics.
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About the Author
Walter Nicholson is the Ward H. Patton Emeritus Professor of Economics at Amherst College and a visiting professor at Ave Maria University, Naples, Florida. Over his teaching career, Professor Nicholson has sought to develop in students an appreciation for the value of economic models in the study of important social questions. He also has enjoyed showing students some of the stranger things that economists have sought to model. Nicholson received his PhD in economics from MIT. Most of his research is in the area of labor economics, especially policy questions related to unemployment.
Review
PART 1: INTRODUCTION. 1. Economic Models. Appendix: Mathematics Used In Microeconomics. PART 2: DEMAND. 2. Utility and Choice. 3. Individual Demand Curves. 4. Market Demand and Elasticity. PART 3: UNCERTAINTY and STRATEGY. 5. Uncertainty. 6. Game Theory and Strategy. PART 4: PRODUCTION, COSTS and SUPPLY. 7. Production. 8. Costs. 9. Profit Maximization and Supply. PART 5: PERFECT COMPETITION 10. Perfect Competition in a Single Market. 11. Applying the Competitive Model. 12. General Equilibrium and Welfare. PART 6: MARKET POWER. 13. Monopoly. 14. Imperfect Competition. PART 7: ADDITIONAL TOPICS. 15. Input Markets. Appendix: Individual Labour Supply. 16. Capital and Time. Appendix: Compound Interest. 17. Asymmetric Information. 18. Externalities and Public Goods.
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- PublisherCengage Learning
- Publication date2008
- ISBN 10 1844806294
- ISBN 13 9781844806294
- BindingPaperback
- LanguageEnglish
- Number of pages640
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