Intermediate Microeconomics
Format: Hardcover
ISBN13: 9780719045813
Hardcover|9780719045813
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Overview
"As well as providing a thorough treatment of the key elements of price theory for second-year students of microeconomics, this textbook also presents a distinctive perspective on the material, embedding these elements in a sustained analytical argument linking price theory to the study of industry. This perspective is valuable for economics and business students in both second and third years of study." "Starting from a Paretian stand-point, the argument develops the logic of individual choice and its implications for interdependent consumers and producers, and reviews the efficiency conditions appropriate to a general equilibrium framework. This is then used to derive the corresponding Marshallian functions, allowing the conditions for a competitive equilibrium to be established. The argument proceeds to consider different market structures, establishing the relevance for the study of oligopoly of game theoretic approaches: a chapter is devoted entirely to game theory, including repeated games and theories of rational choice." "The book has several distinctive features: a stress on the interdependence between output and employment decisions; an explicit focus on E. H. Chamberlin's analysis of monopolistic competition; an unobtrusive historical dimension; parallel diagrammatic and mathematical treatments of optimisation; linkages with classical macroeconomics; and an emphasis on the implications of time and uncertainty."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
| ISBN-13 | 9780719045813 |
|---|---|
| ISBN-10 | 0719045819 |
| List Price | $69.95 |
| Format | Hardcover |
|---|---|
| Language | English |
| Pages | 304 pages |
| Publisher | Manchester Univ Pr |
| Published On | 1997-02-01 |
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