Microeconomic Theory second edition

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A01=Michael Wetzstein
advanced microeconomic problem solving
asymmetric information
Author_Michael Wetzstein
Category=KCC
Commodity Bundle
Commodity X2
Consumer Surplus
Deadweight Loss
Demand Curve
Diminishing Marginal Returns
DVD Player
Economic Theory
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
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Expected Utility Function
general equilibrium models
Horizontal Summation
Income Expansion Path
Indifference Curves
input market theory
Lerner Index
Marginal Revenue Product
Market Demand Curve
Market Supply Curve
Microeconomic Theory
Microeconomics
Per-unit Price
Price Consumption Curve
Producer Surplus
Production Possibilities Frontier
public goods provision
Pure Exchange Economy
risk aversion
Routledge
Short Run Marginal Cost Curve
Short Run Total Cost
SMC Curve
Substitution Effect
Supply Curve
Textbook
welfare analysis
Wetzstein

Product details

  • ISBN 9780415603706
  • Weight: 2040g
  • Dimensions: 174 x 246mm
  • Publication Date: 20 Dec 2012
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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This book introduces the main concepts of microeconomics to upper division undergraduate students or first year graduate students who have undergone at least one elementary calculus course. The book fully integrates graphical and mathematical concepts and offers over 150 analytical examples demonstrating numerical solutions.

The book has a strong theoretical basis but shows how microeconomics can be brought to bear on the real world. New Features for this edition include:

  • an incorporation of the theory of stock externalities associated with greenhouse gases
  • development of the section on insurance with particular reference to the new US healthcare program
  • greater integration of game theoretic concepts throughout the book.

The book’s style is accessible, but also rigorous. Mathematical examples are provided throughout the book, in particular for key concepts and the result is a balanced approach in terms of prose, graphics, and mathematics.

Michael Wetzstein is a Professor of Agricultural and Applied Economics at The University of Georgia.

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