Microeconomic Essentials: Understanding Economics in the News
Description:
A concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications.
This concise and nontechnical introduction to microeconomics emphasizes concepts over mathematics. Keeping in mind that sometimes the most accurate model is not very useful in the real world, Microeconomic Essentials balances economics as mathematics with economics as a social process. Microeconomics is part of daily life; gas prices, wage increases, the rising cost of health care, international trade- all are microeconomic topics. Therefore, like its predecessor, Macroeconomic Essentials, this textbook accompanies its explanations with examples and real-world applications.
The book covers the basic market model of supply and demand, showing how this "powerhouse" model can explain most price changes in the market. It discusses government intervention in the market; consumer theory and utility maximization, considering both concepts and real-world issues; the theory of the firm, "de-mathematizing" marginal revenue, marginal cost, and other topics; monopolies; perfect competition; and imperfect competition and oligopolies, as illustrated by OPEC, Coke, and Pepsi. It discusses game theory, reviewing the familiar models and concepts-while cautioning that game theory is best thought of as "a state of mind"; input markets; welfare and public economics, applying the tools presented in previous chapters; and international trade. Each chapter ends with examples and exercises. Appendixes supply answers to sample exam questions and solutions to even-numbered exercises.
Best prices to buy, sell, or rent ISBN 9780262539272
Frequently Asked Questions about Microeconomic Essentials: Understanding Economics in the News
The price for the book starts from $35.00 on Amazon and is available from 22 sellers at the moment.
If you’re interested in selling back the Microeconomic Essentials: Understanding Economics in the News book, you can always look up BookScouter for the best deal. BookScouter checks 30+ buyback vendors with a single search and gives you actual information on buyback pricing instantly.
As for the Microeconomic Essentials: Understanding Economics in the News book, the best buyback offer comes from and is $ for the book in good condition.
The Microeconomic Essentials: Understanding Economics in the News book is in very low demand now as the rank for the book is 3,286,460 at the moment. A rank of 1,000,000 means the last copy sold approximately a month ago.
The highest price to sell back the Microeconomic Essentials: Understanding Economics in the News book within the last three months was on December 10 and it was $1.37.