Examine microeconomic theory as a way of looking at the world with MICROECONOMICS: AN INTUITIVE APPROACH, 2E. Using a conversational writing style, everyday examples and outstanding graphs, this book sets a new standard for clarity and rigor without requiring any background in calculus. The author builds on the foundation of individual behavior, showing readers the larger context of economic intuition while developing conceptual thinking skills with carefully written analysis. The first chapters establish a set of tools that prepare the reader to understand supply, demand and equilibrium. The text offers unprecedented flexibility in topical coverage with four distinct paths through the topics. Readers can follow a non-game theory path through microeconomics, a path emphasizing game theory, a path emphasizing policy issues or a path focused on business. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
This brand new EMEA adaptation of Thomas Nechyba's popular text presents a European, Middle East and African perspective, whilst also being fully updated. This exciting new edition follows Professor Nechyba's five primary goals for any microeconomics course by presenting microeconomics as a way of looking at the world, showing students how and why the world works, how to think more clearly and develop conceptual thinking skills, providing a flexible learning style and by finally providing a roadmap for further study.Each chapter follows the A and B structure developed by Professor Nechyba, allowing students to explore an intuitive approach in Part A and then focus on how the intuitive approach can be represented mathematically approach in Part B. This edition is also available as a MindTap with additional assessments, Graph Builder and video graph presentations. It is also available with Aplia, a comprehensive online learning assessment tool with autograded randomised questions to test students' understanding.
With animated online LiveGraphs that bring text figures to life, MICROECONOMICS: AN INTUITIVE APPROACH WITH CALCULUS, International Edition uses intuition, a conversational writing style, everyday examples and outstanding graphs to present microeconomic theory as a way of looking at the world.
Preface -- Preferences and utility -- Demand theory -- Demand theory : applications -- Production theory -- Choice under uncertainty -- Partial and general equilibrium -- Monopoly -- Imperfect competition -- Externalities and public goods -- Contract theory -- Notes -- Index
The Microeconomics of Risk and Information covers the principal areas in the field, including risk aversion, simple portfolio theory, precautionary savings, production under risk, risk sharing in the Edgeworth box, adverse selection and moral hazard. Keeping to a strict two-dimensional environment and using only some basic calculus, this textbook is written principally for students of advanced undergraduate and beginning graduate courses in economics, finance, and other fields, who have studied microeconomics at the intermediate level. Compact and clear, the book reflects the author's twenty-year experience teaching the course in the one-semester format to students around the world.
Rev. ed. of: Microeconomic theory: concepts and connections. c2005.
The #1 text for Intermediate Microeconomics from the Chief Economist at Google! What makes Hal Varian?s Intermediate Microeconomics withCalculus unique? ? Calculus is now integrated into the main body of each chapter, allowing for a deeper understanding of core concepts in Intermediate Microeconomics. ? A rigorous approach delivered in short, topical chapters that focus on the tools students need to apply microeconomic theory to their studies and career. ? Cutting-edge content, including innovative chapters on the information economy and the economics of risky assets, that connect students to real issues today?s economy. ? A new chapter on data analysis, entitled ?Measurement,? that introduces students to this critical, emerging subject. Time-tested tools to bring Varian?s leading-edge approach to the classroom: ? The Instructor?s Manual includes chapter overviews and chapter outlines. ? The Test Bank features more than 75 questions per chapter. ? Art and lecture PowerPoints are available for visual impact in the classroom. ? Workouts for Intermediate Microeconomics can be used with the Intermediate Microeconomics with Calculus as it does include some exercises and problems that use calculus.
This unique text uses Microsoft Excel® workbooks to instruct students. In addition to explaining fundamental concepts in microeconomic theory, readers acquire a great deal of sophisticated Excel skills and gain the practical mathematics needed to succeed in advanced courses. In addition to the innovative pedagogical approach, the book features explicitly repeated use of a single central methodology, the economic approach. Students learn how economists think and how to think like an economist. With concrete, numerical examples and novel, engaging applications, interest for readers remains high as live graphs and data respond to manipulation by the user. Finally, clear writing and active learning are features sure to appeal to modern practitioners and their students. The website accompanying the text is found at www.depauw.edu/learn/microexcel.
The textbook that develops the economic way of thinking through problems that MBA students will find relevant to their career goals. Theory and math is kept as simple as possible and illustrated with real-life scenarios. This textbook package includes online video tutorials on key concepts and complex arguments, and topics likely to be assessed in exams. The distinguished author team has developed this textbook over 20 years of teaching microeconomics to MBA students. Chapters are clearly structured to support learning: Part I of each chapter develops key economic principles. Part II draws on those principles to discuss organizational and incentive issues in management and focuses on solving the 'principal-agent' problem to maximize the profitability of the firm – lessons that can be applied to problems MBAs will face in the future. Economics and management are treated equally; this unique textbook presents economics as part of the everyday thinking of business people.
This text uses calculus, algebra, and graphs to present microeconomic theory using actual examples, and then encourages students to apply the theory to analyse real-world problems. This 2nd edition has been substantially updated and revised, and is now offered with MyEconLab.
This book, which focuses on the fundamentals of microeconomic theory, presents an integrated approach to solving decision-making problems. Concepts are developed by using several tools: words, graphs, mathematics, and real-world examples; this allows the reader to solve many models and problems by forming actual numerical solutions, providing an understanding of the underlying principles these solutions represent. The book is organized into 6 broad-based topical areas: a review of basic calculus techniques, including univariate and multivariate functions; theory of the consumer, including utility theory, consumer optimization, market demand curves, and demand related elasticities; theory of the firm, including short and long run production; market structures, including perfect competition, monopoly, and oligopoly; input markets, including demand for and supply of labor, and capital markets; and general equilibrium analysis. For those needing to analyze decision-making processes of their business, including agents, consumers, entrepreneurs, suppliers of resources, investors, and policy-makers.
Taking a modern approach to the subject, this text provides students with a solid grounding in econometrics, using non-technical language wherever possible.
This innovative textbook contains everything students need to know on an intermediate microeconomics course. Combining classic theory and models with the latest developments, it gently guides learners through the topics and helps them to become increasingly independent. Mathematical understanding is a crucial part of mastering the subject, but can be tricky to obtain. Consequently, numerical tools and engaging exercises are expertly woven into the broader, conceptual discussion of economic theory. This process is progressive and incremental, with steps explained in great detail in the opening chapters to help students gain mathematical fluency and confidence. A microeconomics textbook that is essential reading for any intermediate level course at university. Although primarily aimed at two-semester undergraduate modules, the comprehensive and accessible writing style means that it is also suitable for certain postgraduate and one-semester courses. The author provides helpful notes on how to adapt the book to your course.
With a long history of innovation in the calculus market, the Larson/Edwards’ CALCULUS program has been widely praised by a generation of students and professors for solid and effective pedagogy that addresses the needs of a broad range of teaching and learning styles and environments. Each title in the series is just one component in a comprehensive calculus course program that carefully integrates and coordinates print, media, and technology products for successful teaching and learning. For use in or out of the classroom, the companion website LarsonCalculus.com offers free access to multiple tools and resources to supplement students’ learning. Stepped-out solution videos with instruction are available at CalcView.com for selected exercises throughout the text. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Improve your algebra and problem-solving skills with A COMPANION TO CALCULUS! Every chapter in this companion provides the conceptual background and any specific algebra techniques you need to understand and solve calculus problems related to that topic. Verbal descriptions, diagrams, graphs, pictures, symbolic formulas, and numerical data are all used to reinforce communicating and understanding in different modes. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
This best-selling text is still the most modern presentation of the subject. The Varian approach gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation.
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
Rev. ed. of: Advanced microeconomic theory. 2nd ed. 2001.