Intermediate Microeconomics: a tool-building approach
Intermediate Microeconomics: A Tool-Building Approach is a clear and concise calculus-based exposition of current microeconomic theory that is essential for students pursuing degrees in economics or business. The second edition explicitly incorporates constrained optimization techniques. This beauti...
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1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
London ; New York
Routledge, Taylor & Francis Group
2021
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Ausgabe: | Second edition |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Zusammenfassung: | Intermediate Microeconomics: A Tool-Building Approach is a clear and concise calculus-based exposition of current microeconomic theory that is essential for students pursuing degrees in economics or business. The second edition explicitly incorporates constrained optimization techniques. This beautifully presented and accessible text covers all the essential topics typically required at the intermediate level, from consumer and producer theory to the market structures of perfect competition, monopoly, duopoly, and oligopoly. Other topics include general equilibrium, risk, and game theory, as well as chapters on externalities, asymmetric information, and public goods.Through numerical examples as well as exercises, the book aims to teach microeconomic theory via a process of learning-by-doing. When there is a skill to be acquired, a list of steps outlining the procedure is provided, followed by an example to illustrate how this procedure is carried out. Once learned, students will be able to solve similar problems and be well on their way to mastering the skills needed for future study.Intermediate Microeconomics presents a large amount of material in a concise way, without sacrificing rigor or clarity of exposition. Through use of this text, students will acquire both the analytical toolkit and theoretical foundation necessary in order to take upper-level field courses in economics, such as industrial organization, international trade, and public finance |
Beschreibung: | xv, 374 Seiten Breite 174 mm, Hoehe 246 mm |
ISBN: | 9780367245351 9780367245337 |
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Datensatz im Suchindex
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adam_text | Contents Preface xi Acknowledgements xv 1 Markets 1.1 Market Demand and Supply 1.2 Determinants of Demand and Supply 1.3 Market Interventions 1.4 Elasticities 1 1 7 7 14 2 Budgets 2.1 Commodity Space 2.2 Competitive Budgets 2.3 Changes in Prices or Income 2.4 Non-Competitive Budgets 26 26 27 30 32 3 Preferences 3.1 Binary Relations 3.2 Properties of Binary Relations 3.3 Utility Representation of Preferences 3.4 Types of Preferences 3.5 The Notion of Utility 3.6 Utility, Preferences, and Properties 3.7 Special Topics0 39 39 40 43 46 52 55 58 4 Individual Demands 4.1 Preference Maximization on Budgets 4.2 Calculating Individual Demands 4.3 Two Properties of Demand Functions 66 66 70 78 5 Consumer Comparative Statics 5.1 Price and Income Consumption Curves 81 81 vii
viii Contents 5.2 5.3 6 Individual Elasticities of Demand Decomposing Price Effects Exchange Economies 6.1 The Edgeworth Box 6.2 Properties of Allocations 6.3 Walras Equilibrium 6.4 Allowing for More Goods or Consumers 6.5 Walras Law and the Welfare Theorems0 85 88 97 97 100 109 114 115 7 Technology 7.1 Production Functions and Productivity 7.2 Types of Technologies 7.3 Returns tö Scale 7.4 Production Possibility Frontiers 122 122 124 128 130 8 Costs 8.1 Cost Functions: The One-input Case 8.2 Cost Functions: The Two-inputs Case 8.3 Calculating Cost Functions 8.4 Cost Concepts 8.5 Returns to Scale Revisited 8.6 Cost Functions with Multiple Technologies0 8.7 Deriving Technologies Underlying Cost Functions0 137 137 138 142 146 150 152 154 9 Competitive Firms 9.1 Defining Profits 9.2 Short-Run Profit Maximization 9.3 Shifts in a Firm s Supply 9.4 Perfect Competition in the Long Run 159 160 161 167 169 10 Monopoly 10.1 Uniform Pricing 10.2 Differential Pricing 10.3 Personalized Pricing 10.4 Group Pricing 10.5 Menu Pricing: Unit-demand Bundling 175 175 181 186 188 191 11 Risk 11.1 Expected Utility 11.2 Attitudes towards Risk 11.3 Stochastic Dominance0 199 199 204 205
Contents 11.4 Pareto Efficient Risk Sharing ix 211 12 Game Theory 12 1 Static Games 12.2 Solving Static Games 12.3 Dynamic Games 218 219 220 231 13 Oligopoly 13.1 Static Quantity Competition 13.2 Static Price Competition 13.3 Dynamic Competition 242 242 248 253 14 Externalities 14.1 Market Inefficiencies 14.2 Three Solutions 262 263 266 15 Asymmetric Information 15.1 Hidden Action 15.2 Hidden Information 278 279 285 16 Public Goods 16.1 The Kolm Triangle 16.2 Lindahl Equilibrium 16.3 Voluntary Contribution Mechanism0 297 299 309 312 Mathematical Appendix A.l Functions A.2 Single Variable Calculus Review A.3 Concave and Convex Functions A.4 Single Variate Optimization A.5 Multivariate Calculus A.6 Multivariate Optimization A.7 Constrained Optimization A.8 Miscellanea 320 320 323 326 329 332 335 337 343 Selected Answers 348 Index 368
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adam_txt |
Contents Preface xi Acknowledgements xv 1 Markets 1.1 Market Demand and Supply 1.2 Determinants of Demand and Supply 1.3 Market Interventions 1.4 Elasticities 1 1 7 7 14 2 Budgets 2.1 Commodity Space 2.2 Competitive Budgets 2.3 Changes in Prices or Income 2.4 Non-Competitive Budgets 26 26 27 30 32 3 Preferences 3.1 Binary Relations 3.2 Properties of Binary Relations 3.3 Utility Representation of Preferences 3.4 Types of Preferences 3.5 The Notion of Utility 3.6 Utility, Preferences, and Properties 3.7 Special Topics0 39 39 40 43 46 52 55 58 4 Individual Demands 4.1 Preference Maximization on Budgets 4.2 Calculating Individual Demands 4.3 Two Properties of Demand Functions 66 66 70 78 5 Consumer Comparative Statics 5.1 Price and Income Consumption Curves 81 81 vii
viii Contents 5.2 5.3 6 Individual Elasticities of Demand Decomposing Price Effects Exchange Economies 6.1 The Edgeworth Box 6.2 Properties of Allocations 6.3 Walras Equilibrium 6.4 Allowing for More Goods or Consumers 6.5 Walras'Law and the Welfare Theorems0 85 88 97 97 100 109 114 115 7 Technology 7.1 Production Functions and Productivity 7.2 Types of Technologies 7.3 Returns tö Scale 7.4 Production Possibility Frontiers 122 122 124 128 130 8 Costs 8.1 Cost Functions: The One-input Case 8.2 Cost Functions: The Two-inputs Case 8.3 Calculating Cost Functions 8.4 Cost Concepts 8.5 Returns to Scale Revisited 8.6 Cost Functions with Multiple Technologies0 8.7 Deriving Technologies Underlying Cost Functions0 137 137 138 142 146 150 152 154 9 Competitive Firms 9.1 Defining Profits 9.2 Short-Run Profit Maximization 9.3 Shifts in a Firm's Supply 9.4 Perfect Competition in the Long Run 159 160 161 167 169 10 Monopoly 10.1 Uniform Pricing 10.2 Differential Pricing 10.3 Personalized Pricing 10.4 Group Pricing 10.5 Menu Pricing: Unit-demand Bundling 175 175 181 186 188 191 11 Risk 11.1 Expected Utility 11.2 Attitudes towards Risk 11.3 Stochastic Dominance0 199 199 204 205
Contents 11.4 Pareto Efficient Risk Sharing ix 211 12 Game Theory 12 1 Static Games 12.2 Solving Static Games 12.3 Dynamic Games 218 219 220 231 13 Oligopoly 13.1 Static Quantity Competition 13.2 Static Price Competition 13.3 Dynamic Competition 242 242 248 253 14 Externalities 14.1 Market Inefficiencies 14.2 Three "Solutions" 262 263 266 15 Asymmetric Information 15.1 Hidden Action 15.2 Hidden Information 278 279 285 16 Public Goods 16.1 The Kolm Triangle 16.2 Lindahl Equilibrium 16.3 Voluntary Contribution Mechanism0 297 299 309 312 Mathematical Appendix A.l Functions A.2 Single Variable Calculus Review A.3 Concave and Convex Functions A.4 Single Variate Optimization A.5 Multivariate Calculus A.6 Multivariate Optimization A.7 Constrained Optimization A.8 Miscellanea 320 320 323 326 329 332 335 337 343 Selected Answers 348 Index 368 |
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spelling | Banerjee, Samiran Verfasser (DE-588)171313534 aut Intermediate Microeconomics a tool-building approach Samiran Banerjee Second edition London ; New York Routledge, Taylor & Francis Group 2021 xv, 374 Seiten Breite 174 mm, Hoehe 246 mm txt rdacontent n rdamedia nc rdacarrier Intermediate Microeconomics: A Tool-Building Approach is a clear and concise calculus-based exposition of current microeconomic theory that is essential for students pursuing degrees in economics or business. The second edition explicitly incorporates constrained optimization techniques. This beautifully presented and accessible text covers all the essential topics typically required at the intermediate level, from consumer and producer theory to the market structures of perfect competition, monopoly, duopoly, and oligopoly. Other topics include general equilibrium, risk, and game theory, as well as chapters on externalities, asymmetric information, and public goods.Through numerical examples as well as exercises, the book aims to teach microeconomic theory via a process of learning-by-doing. When there is a skill to be acquired, a list of steps outlining the procedure is provided, followed by an example to illustrate how this procedure is carried out. Once learned, students will be able to solve similar problems and be well on their way to mastering the skills needed for future study.Intermediate Microeconomics presents a large amount of material in a concise way, without sacrificing rigor or clarity of exposition. Through use of this text, students will acquire both the analytical toolkit and theoretical foundation necessary in order to take upper-level field courses in economics, such as industrial organization, international trade, and public finance Theorie (DE-588)4059787-8 gnd rswk-swf Mikroökonomie (DE-588)4039225-9 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Mikroökonomie (DE-588)4039225-9 s Theorie (DE-588)4059787-8 s DE-604 Erscheint auch als Online-Ausgabe 978-0-429-28300-0 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032624496&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Banerjee, Samiran Intermediate Microeconomics a tool-building approach Theorie (DE-588)4059787-8 gnd Mikroökonomie (DE-588)4039225-9 gnd |
subject_GND | (DE-588)4059787-8 (DE-588)4039225-9 (DE-588)4123623-3 |
title | Intermediate Microeconomics a tool-building approach |
title_auth | Intermediate Microeconomics a tool-building approach |
title_exact_search | Intermediate Microeconomics a tool-building approach |
title_exact_search_txtP | Intermediate Microeconomics a tool-building approach |
title_full | Intermediate Microeconomics a tool-building approach Samiran Banerjee |
title_fullStr | Intermediate Microeconomics a tool-building approach Samiran Banerjee |
title_full_unstemmed | Intermediate Microeconomics a tool-building approach Samiran Banerjee |
title_short | Intermediate Microeconomics |
title_sort | intermediate microeconomics a tool building approach |
title_sub | a tool-building approach |
topic | Theorie (DE-588)4059787-8 gnd Mikroökonomie (DE-588)4039225-9 gnd |
topic_facet | Theorie Mikroökonomie Lehrbuch |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032624496&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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