Microeconomics : A Modern Approach

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Schotter's new perspective views microeconomics as a tool for institutions, integrating game theory consistently throughout the presentation. Further, Schotter integrates other modern material such as experimental economics, information economics and industrial organization. He accomplishes this by using a text-wide model to show the evolution of social and economic institutions.
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Product details

  • Hardback | 656 pages
  • 192 x 230 x 34mm | 1,138.51g
  • Harlow, United Kingdom
  • English
  • 0060457686
  • 9780060457686

Table of contents

Economics and institutions - a shift of emphasis; consumers and their preferences; demand and behaviour in markets; the problem of exchange; the discovery of production and its technology; cost and choice; game theory and the tools of strategic business analysis; the internal organization of the firm; the age of entrepreneurship - monopoly; natural monopoly and the economics of regulation; the world of oligopoly - preliminaries to successful entry; entry and the emergence of perfect competition; perfectly competitive markets; uncertainty and the emergence of insurance; general equilibrium and the rise of ideology; moral hazard and adverse selection - informational market failures; pollution control and externalities - the free market-interventionist battle continues; public goods, the consequences of strategic behaviour, and the rise of government; input markets and the analysis of class society.
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Rating details

9 ratings
3.88 out of 5 stars
5 33% (3)
4 44% (4)
3 0% (0)
2 22% (2)
1 0% (0)
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