Microeconomic Theory

Microeconomic Theory : An Integrated Approach

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For intermediate undergraduate courses in Microeconomics, undergraduate and graduate courses in Managerial Economics, and MBA or Master's level courses in Microeconomic Theory. This student-friendly text clearly integrates microeconomic theory with calculus and graphics; its approach centers on constructing and analyzing fundamental models. By integrating basic tools of calculus, the text encourages students to solve problems by generating actual numerical solutions. The manner in which calculus reinforces the graphical analysis is clearly demonstrated in a step-by-step fashion; students will understand what the graphical solutions actually represent. Numerous real world applications of the theory are highlighted throughout the text.show more

Product details

  • Hardback | 681 pages
  • 187.96 x 231.14 x 40.64mm | 1,065.94g
  • Pearson Education (US)
  • Prentice Hall
  • Upper Saddle River, United States
  • English
  • glossary
  • 0130114189
  • 9780130114181

Back cover copy

MAKING THE CONNECTION with Concepts, Math, and Graphs! You won't find detached mathematical explanations buried in the footnotes or appendices in this text! Microeconomic Theory: An Integrated Approach gets right to the heart of microeconomic theory by integrating broad-based fundamental principles with basic calculus and real world applications. The authors have paid extraordinary attention to presenting theoretical microeconomic concepts with words, graphs, mathematics, and real world examples. Each method of presentation is carefully developed and closely coordinated with the others. Key concepts are first developed on an intuitive level. They are then demonstrated with vivid mathematical and graphical examples (with solutions). Finally, real world examples show the application of theory. This Integrated Approach will highlight the broad applicability of microeconomics to a wide range of decision-making problems.show more

Table of contents

I. PRELIMINARIES. 1. Review of Basic Calculus Techniques. 2. Unconstrained and Constrained Optimization of Multivariate Functions. II. THEORY OF THE CONSUMER. 3. Utility Theory. 3AW. Uncertainty, Risk, and Expected Utility. (Can be viewed at www.prenhall.com/mathis.) 4. Consumer Optimization. 5. Individual Demand Functions and Related Topics. 6. Market Demand Curves. 7. Demand-Related Elasticities. III. THEORY OF THE FIRM. 8. Production in the Short Run. 9. Production in the Long Run. 10. Long-Run Optimization for the Firm. 11. Costs of Production in the Long Run. 12. Costs of Production in the Short Run. IV. MARKET STRUCTURES. 13. Perfect Competition in the Short Run. 14. Perfect Competition in the Long Run. 15. Monopoly. 16. Additional Topics Related to Monopoly. 17. Oligopoly. 18. Applications of Game Theory to Oligopolistic Firm Behavior. 19. Monopolistic Competition. V. INPUT MARKETS. 20. Demand for Labor. 21. Supply of Labor. 22. Capital Markets. VI. GENERAL EQUILIBRIUM ANALYSIS. 23. General Equilibrium Analysis in an Exchange Economy. 24. General Equilibrium Analysis in an Economy with Production and Exchange. Glossary.show more

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