Microeconomics: a global text
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London [u.a.]
Routledge
2010
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVIII, 496 S. graph. Darst. |
| ISBN: | 0415454522 0415454530 9780415454520 9780415454537 |
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MARC
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| 100 | 1 | |a Whitehead, Judy A. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Microeconomics |b a global text |c Judy A. Whitehead |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a London [u.a.] |b Routledge |c 2010 | |
| 300 | |a XVIII, 496 S. |b graph. Darst. | ||
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Record in the Search Index
| _version_ | 1804139106518695936 |
|---|---|
| adam_text | Contents
Preface x
Acknowledgements
xii
List of Figures
xiv
List of Tables
xix
List of Boxed Examples
xx
Chapter
1
Introduction to Microeconomics
1
1.1
Scenario
1
1.2
Definition of microeconomics
2
1.3
Tools, gadgets and gizmos
3
1.4
The methodology of
microeconomic
theory
14
1.5
The methodological controversy
—
scientific validity
20
Review questions for Chapter
1 25
Recommended reading for Chapter
1 26
Chapter
2
Theory of the Consumer
27
2.1
The individual consumer and utility maximization
27
2.2
The Cardinal utility theory
28
2.3
The Ordinal utility theory (mdifference curves)
33
2.4
The Revealed Preference (RP) theory
51
Review questions for Chapter
2 56
Recommended reading for Chapter
2 57
Chapter
3
Market Demand and Elasticity
58
3.1
From individual demand to market demand
58
3.2
The price elasticity of demand
60
3.3
The income elasticity of demand
77
3.4
Cross price elasticity of demand
85
Review questions for Chapter
3 87
Recommended reading for Chapter
3 88
Chapter
4
Topics in Demand Analysis
89
4.1
Consumer and producer surplus
89
4.2
Price indices
94
4.3
The characteristics approach to demand theory
98
4.4
Price and rent controls
102
4.5
External effects on demand
108
4.6
The
Neümann-Morgenstern (NM)
utility index
112
4.7
Empirical demand functions
117
Review questions for Chapter
4 119
Recommended reading for Chapter
4 121
Chapter
5
The Producer and Optimal Production Choices
123
5.1
Technology and the production function
123
5.2
Optimizing behaviour in the short-run
125
5.3
Optimizing behaviour of the producer in the long-run
132
5.4
The multi-product firm
149
Review questions for Chapter
5 160
Recommended reading for Chapter
5 161
Chapter
6
Costs and Scale
162
6.1
Traditional cost theory
-
the short-ran
162
6.2
Long-ran costs in the traditional theory
169
6.3
The modern theory of cost
174
6.4
Economies of scale
179
6.5
Cobb-Douglas production and cost functions
186
Review questions for Chapter
6 201
Recommended reading for Chapter
6 202
Chapter
7
Linear and Dynamic Programming and X-efficiency
203
7.1
Linear programming
203
7.2
Dynamic programming for multi-stage processes
216
7.3
The concept of X-efficiency
224
Review questions for Chapter
7 232
Recommended reading for Chapter
7 233
Chapter
8
Equilibrium in an Isolated Market
235
8.1
Existence of market equilibrium
235
8.2
Uniqueness of market equilibrium
238
8.3
The stability of equilibrium-static stability
240
8.4
Dynamie
stability and the Cobweb model
249
8.5
Application of dynamic stability conditions
259
Review questions for Chapter
8 260
Recommended reading for Chapter
8 261
Chapter
9
The Perfectly Competitive Market
262
9.1
Assumptions and fundamentals of the model
262
9.2
Short-run equilibrium
264
9.3
Long-run equilibrium
270
9.4
Predictions of the model
271
Review questions for Chapter
9 280
Recommended reading for Chapter
9 281
Chapter
10
Monopoly
282
10.1
Assumptions and behavioural conditions
282
10.2
Short-run equilibrium of the firm/industry
285
10.3
Long-run equilibrium
294
10.4
Predictions-the dynamics of the model
296
10.5
Multi-plant monopoly
299
10.6
Price discrimination
302
10.7
Bilateral monopoly
310
10.8
Regulation of monopoly
312
Review questions for Chapter
10 314
Recommended reading for Chapter
10 315
Chapter
11
Monopolistic Competition
316
11.1
Basic features and assumptions of the monopolistic competition
model
317
11.2
Demand and costs
318
11.3
Equilibrium in the short-run
320
1
1.4
Equilibrium in the long-run
322
11.5
Monopolistic competition and excess capacity
326
11.6
Reflections on the model
329
Review questions for Chapter
11 331
Recommended reading for Chapter
11 331
Chapter
12
Oligopoly
333
12.1
Assumptions, definitions and summary of models
333
12.2
The Cournot model
335
12.3
The Bertrand/Edgeworth duopoly model
339
12.4
Chamberlin and stability in duopoly
340
12.5
The kinked demand model
342
12.6
The Stackleberg sophisticated
duopolist
model
343
12.7
The cartel
350
12.8
The price leadership model
354
12.9
Game theory and oligopoly
359
Review questions for Chapter
12 361
Recommended reading for Chapter
12 362
Chapter
13
Alternative Theories of the Firm
363
13.1
Major issues and alternatives
363
13.2
Baumol s sales revenue maximization model
370
13.3
The mark-up pricing model of the firm
379
13.4
The behavioural theories
388
13.5
The economics of information
390
Review questions for Chapter
13 392
Recommended reading for Chapter
13 392
Chapter
14
The Factor Market
394
14.1
Introduction to distribution theory
394
14.2
Short-run factor demand under marginal productivity theory
395
14.3
Long-run factor demand under marginal productivity theory
404
14.4
Market demand for a single input
411
14.5
The supply curve of labour
414
14.6
Factor market equilibrium under the marginal productivity theory
417
14.7
Monopsony in the factor market
418
14.8
The labour unions, exploitation and unemployment
422
14.9
Product exhaustion theorems and distribution
426
Review questions for Chapter
14 428
Recommended reading for Chapter
14 429
Appendix
-
The marginal expenditure of input curve
429
Chapter
15
General Equilibrium and Welfare Maximization
431
15.1
The nature and tools of general equilibrium
431
15.2
General equilibrium of exchange or consumption
-
efficiency in
distribution of the product
434
15.3
General equilibrium of production
-
efficiency in the allocation
of factors
436
15.4
Efficiency of the product mix -joint efficiency in production
and consumption
43 8
15.5
Features of the equilibrium position
443
15.6
Welfare maximization
448
15.7
Factors affecting a welfare maximum
453
15.8
Postscript
459
Review questions for Chapter
15 459
Recommended reading for Chapter
15 460
Appendix
-
MRPT and marginal costs
461
Chapter
16
Investment Criteria
463
16.1
Definition of a project
464
16.2
Cash flow analysis
464
16.3
Discounted cash flow analysis
467
16.4
Investment criteria choices
471
16.5
Choice of investment criteria
488
Review questions for Chapter
16 489
Recommended reading for Chapter
16 490
Index
491
|
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| spelling | Whitehead, Judy A. Verfasser aut Microeconomics a global text Judy A. Whitehead 1. publ. London [u.a.] Routledge 2010 XVIII, 496 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Microeconomics Mikroökonomie (DE-588)4039225-9 gnd rswk-swf Mikroökonomie (DE-588)4039225-9 s DE-604 Erscheint auch als Online-Ausgabe 0-203-87061-1 Erscheint auch als Online-Ausgabe 978-0-203-87061-7 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017548124&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Whitehead, Judy A. Microeconomics a global text Microeconomics Mikroökonomie (DE-588)4039225-9 gnd |
| subject_GND | (DE-588)4039225-9 |
| title | Microeconomics a global text |
| title_auth | Microeconomics a global text |
| title_exact_search | Microeconomics a global text |
| title_full | Microeconomics a global text Judy A. Whitehead |
| title_fullStr | Microeconomics a global text Judy A. Whitehead |
| title_full_unstemmed | Microeconomics a global text Judy A. Whitehead |
| title_short | Microeconomics |
| title_sort | microeconomics a global text |
| title_sub | a global text |
| topic | Microeconomics Mikroökonomie (DE-588)4039225-9 gnd |
| topic_facet | Microeconomics Mikroökonomie |
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