Microeconomics: Markets, Methods and Models

by Douglas Curtis, Ian Irvine

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Book Description

Microeconomics: Markets, Methods, and Models by D.Curtis and I. Irvine provides concise yet complete coverage of introductory microeconomics theory, application and policy. The textbook begins with an explanation and development of the standard tools of analysis in the discipline and carries on to investigate the meaning of 'well-being' in the context of an efficient use of the economy's resources.

An understanding of individual optimizing behavior is developed, and this behavior is in turn used to link household decisions on savings with firms' decisions on production, expansion and investment. The textbook then explores behavior in a variety of different market structures. The role of the government is examined, and the key elements in the modern theory of international trade are developed.

Opportunity cost, a global economy and behavioral responses to incentives are the dominant themes. Examples are domestic and international in their subject matter and are of the modern era.

This open book is licensed under a Creative Commons License (CC BY-NC-SA). You can download Microeconomics: Markets, Methods and Models ebook for free in PDF format (2.7 MB).

Table of Contents

Part One
The Building Blocks
 
Introduction to key ideas
 
Theories, models and data
 
The classical marketplace - demand and supply
Part Two
Responsiveness and the Value of Markets
 
Measures of response: elasticities
 
Welfare economics and externalities
Part Three
Decision Making by Consumer and Producers
 
Individual choice
 
Firms, investors and capital markets
 
Production and cost
Part Four
Market Structures
 
Perfect competition
 
Monopoly
 
Imperfect competition
Part Five
The Factors of Production
 
Labour and capital
 
Human capital and the income distribution
Part Six
Government and Trade
 
Government
 
International trade
 

Book Details

Publisher
Lyryx
Published
2017
Pages
450
Edition
1
Language
English
PDF Size
2.7 MB
License
CC BY-NC-SA

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