Description: Further DetailsTitle: Microeconomic Theory Old and NewCondition: NewSubtitle: A Student's GuideISBN-10: 0804758840EAN: 9780804758840ISBN: 9780804758840Publisher: Stanford University PressFormat: PaperbackRelease Date: 11/12/2009Description: Microeconomic Theory Old and New: A Student's Guide has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text presents in detail the three building blocks of Walrasian theory—establishing Pareto efficiency in a barter economy, establishing the efficiency of competitive markets, and accounting for market failure. Each is discussed verbally, graphically, and using mathematics. After reading this book, students will have an understanding of how the seemingly disparate pieces of conventional economics fit together as a system. Although the text focuses on the intellectual framework of standard economic theory, relevant mathematical techniques are discussed. The second goal is to present contemporary extensions and emerging alternatives to the Walrasian model. Some of the theoretical inconsistencies in the model are presented, drawing on the work of Samuelson, Boadway, Chipman and Moore, Ng, and Suzamura, among others. The text then presents challenges to the basic assumptions of the Walrasian system, posed by findings in behavioral economics and evolutionary game theory. Understanding both the Walrasian system and the theoretical and experimental critiques of classical economics is essential to those who ultimately work within the traditional framework and to those looking for an alternative, making this a must read for all students of economics.Language: EnglishCountry/Region of Manufacture: USItem Height: 229mmItem Length: 152mmItem Weight: 340gAuthor: John M. GowdyGenre: Business & FinanceRelease Year: 2009 Missing Information?Please contact us if any details are missing and where possible we will add the information to our listing.
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Book Title: Microeconomic Theory Old and New
Title: Microeconomic Theory Old and New
Subtitle: A Student's Guide
ISBN-10: 0804758840
EAN: 9780804758840
ISBN: 9780804758840
Release Date: 11/12/2009
Release Year: 2009
Country/Region of Manufacture: US
Genre: Business & Finance
Number of Pages: 208 Pages
Publication Name: Microeconomic Theory Old and New : a Student's Guide
Language: English
Publisher: Stanford University Press
Publication Year: 2009
Subject: Economics / Microeconomics, Public Policy / Social Services & Welfare, Economics / General
Item Height: 0.4 in
Type: Textbook
Item Weight: 12 Oz
Subject Area: Political Science, Business & Economics
Item Length: 9 in
Author: John M. Gowdy
Item Width: 6 in
Format: Trade Paperback