Microeconomic Essentials: Understanding Economics in the News by Jay Prag (Engli

Description: Microeconomic Essentials by Jay Prag "An introduction to microeconomics for introductory/non-major micro and MBA courses"-- FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description A concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications.A concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications.This concise and nontechnical introduction to microeconomics emphasizes concepts over mathematics. Keeping in mind that sometimes the most accurate model is not very useful in the real world, Microeconomic Essentials balances economics as mathematics with economics as a social process. Microeconomics is part of daily life; gas prices, wage increases, the rising cost of health care, international trade- all are microeconomic topics. Therefore, like its predecessor, Macroeconomic Essentials, this textbook accompanies its explanations with examples and real-world applications.The book covers the basic market model of supply and demand, showing how this "powerhouse" model can explain most price changes in the market. It discusses government intervention in the market; consumer theory and utility maximization, considering both concepts and real-world issues; the theory of the firm, "de-mathematizing" marginal revenue, marginal cost, and other topics; monopolies; perfect competition; and imperfect competition and oligopolies, as illustrated by OPEC, Coke, and Pepsi. It discusses game theory, reviewing the familiar models and concepts-while cautioning that game theory is best thought of as "a state of mind"; input markets; welfare and public economics, applying the tools presented in previous chapters; and international trade. Each chapter ends with examples and exercises. Appendixes supply answers to sample exam questions and solutions to even-numbered exercises. Author Biography Jay Prag is Clinical Full Professor at Claremont Graduate Universitys Drucker School of Management. He is the coauthor (with Peter E. Kennedy) of Macroeconomic Essentials, fourth edition (MIT Press). Table of Contents Chapter 1 IntroductionChapter 2 The Market ModelChapter 3 Applications of and Interference With the MarketChapter 4 Behind the Demand Line: Consumer TheoryChapter 5 Behind the Supply Line: Theory of the FirmChapter 6 Perfect CompetitionChapter 7 MonopolyChapter 8 Imperfect Competition and Oligopoly ModelsChapter 9 Game TheoryChapter 10 Input MarketsChapter 11 Welfare and Public EconomicsChapter 12 International Economics Promotional A concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications. Promotional "Headline" A concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications. Details ISBN0262539276 Author Jay Prag Language English ISBN-10 0262539276 ISBN-13 9780262539272 Format Paperback DEWEY 338.5 Short Title Microeconomic Essentials Subtitle Understanding Economics in the News Pages 264 Year 2020 Publication Date 2020-10-06 UK Release Date 2020-10-06 Imprint MIT Press Country of Publication United States AU Release Date 2020-10-06 NZ Release Date 2020-10-06 US Release Date 2020-10-06 Publisher MIT Press Ltd Audience General We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:130071119;

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