Intermediate Microeconomics: An Intuitive Approach with Calculus

✍ Scribed by Thomas Nechyba

• Publisher: Cengage Learning EMEA
• Year: 2018
• Tongue: English
• Leaves: 1009
• Edition: 1st EMEA Edition
• Category: Library

✦ Synopsis

This brand new EMEA adaptation of Thomas Nechyba's popular text presents a European, Middle East and African perspective, whilst also being fully updated. This exciting new edition follows Professor Nechyba's five primary goals for any microeconomics course by presenting microeconomics as a way of looking at the world, showing students how and why the world works, how to think more clearly and develop conceptual thinking skills, providing a flexible learning style and by finally providing a roadmap for further study. Each chapter follows the A and B structure developed by Professor Nechyba, allowing students to explore an intuitive approach in Part A and then focus on how the intuitive approach can be represented mathematically approach in Part B. This edition is also available as a MindTap with additional assessments, Graph Builder and video graph presentations. It is also available with Aplia, a comprehensive online learning assessment tool with autograded randomised questions to test students' understanding.

✦ Table of Contents

Brief Contents
Contents
Preface
About the Authors
1 Introduction
Part 1: Utility-Maximizing Choice: Consumers, Workers and Savers
2 A Consumer’s Economic Circumstances
3 Economic Circumstances in Labour and Financial Markets
4 Tastes and Indifference Curves
5 Different Types of Tastes
6 Doing the Best We Can
7 Income and Substitution Effects in Consumer Goods Markets
8 Wealth and Substitution Effects in Labour and Capital Markets
9 Demand for Goods and Supply of Labour and Capital
10 Consumer Surplus and Deadweight Loss
Part 2: Profit-Maximizing Choice: Producers or Firms
11 One Input and One Output: A Short-Run Producer Model
12 Production With Multiple Inputs
13 Production Decisions in the Short and Long Run
Part 3: Competitive Markets and the Invisible Hand
14 Competitive Market Equilibrium
15 The Invisible Hand and the First Welfare Theorem
16 General Equilibrium
17 Choice and Markets in the Presence of Risk
Part 4: Distortions of the Invisible Hand in Competitive Markets
18 Elasticities, Price-Distorting Policies and Non-Price Rationing
19 Distortionary Taxes and Subsidies
20 Prices and Distortions Across Markets
21 Externalities in Competitive Markets
22 Asymmetric Information in Competitive Markets
Part 5: Distortions of the Invisible Hand From Strategic Decisions
23 Monopoly
24 Strategic Thinking and Game Theory
25 Oligopoly
26 Product Differentiation and Innovation in Markets
27 Public Goods
28 Governments and Politics
Part 6: Considering How to Make the World a Better Place
29 What Is Good? Challenges From Psychology and Philosophy
30 Balancing Government, Civil Society and Markets
Glossary
Index