Microeconomics: An Intuitive Approach with Calculus

Microeconomics: An Intuitive Approach with Calculus PDF Download Ebook. Thomas Nechyba uses intuition, a conversational writing style, everyday examples and outstanding graphs to present microeconomic theory as a way of looking at the world.

Presenting microeconomic theory as a way of looking at the world, this text builds on the basic economic foundation of individual behavior. Each chapter is divided into two sections. The A sections introduce concepts using intuition, a conversational writing style, everyday examples, and graphs. The B sections cover the same concepts with precise, accessible mathematical analyses that pre-suppose one semester of single-variable calculus.

The package offers unprecedented flexibility in terms of topical coverage and graphical analysis: each copy includes access to online LiveGraphs -- a suite of interactive, animated graphs that allows students to view dimensional graphs and functions illustrated in the book, as well as some additional graphs that are not in the printed text. Students can play and replay the LiveGraphs while listening to a brief explanation of the graphs.

LiveGraphs put graphical analyses online, where students can play and replay animated figures with audio captions. Students can watch lines get plotted, see curves move, and in some cases, change variables to affect results. Rather than confining applications to static boxed features, Nechyba incorporates applications into end-of-chapter exercises. By working through exercises that exemplify key applications, students learn by doing and can apply their knowledge beyond the text.

By first exploring an intuitive and graphical approach to the topics, then linking the concepts with mathematical analyses, students build both mathematical skills and abstract thinking. The result is a better understanding of microeconomics foundations, and better preparation for further coursework in economics, business, or policy studies.

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Microeconomics for MBAs 2nd Edition, McKenzie

Microeconomics for MBAs: The Economic Way of Thinking for Managers 2nd Edition PDF Download Ebook. Richard B. McKenzie and Dwight R. Lee show the economic way of thinking through problems that MBA students will find relevant to their career goals. Theory and math is kept as simple as possible and illustrated with real-life scenarios.

This textbook package includes online video tutorials on key concepts and complex arguments, and topics likely to be assessed in exams. The distinguished author team has developed this textbook over 20 years of teaching microeconomics to MBA students. Chapters are clearly structured to support learning: Part I of each chapter develops key economic principles.

Part II draws on those principles to discuss organizational and incentive issues in management and focuses on solving the 'principal-agent' problem to maximize the profitability of the firm - lessons that can be applied to problems MBAs will face in the future. Economics and management are treated equally; this unique textbook presents economics as part of the everyday thinking of business people.

The most difficult thing in teaching microeconomics for MBAs is to focus on the consistent application of economic principles to real world management problems. McKenzie and Lee's emphasis on getting the incentives right within firms emphasizes that what economics has to offer students is principles, rather than answers, because the principles need to be combined with particular facts and judgments, which is the essence of management.

In particular, their focus on the logical explanation of principles and applications rather than mathematical treatments that imply management issues have unique, precise and correct answers, makes this book far more useful for managers than alternative texts.


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Microeconomics and Behavior 8th Edition, Robert Frank

Microeconomics and Behavior 8th Edition PDF Download Ebook. Robert H. Frank describes the essential topics of microeconomics while exploring the relationship between economics analysis and human behavior. The book’s clear narrative appeals to students, and its numerous examples help students develop economic intuition.

This book introduces modern topics not often found in intermediate textbooks. Its focus throughout is to develop a student’s capacity to “think like an economist.” The concept aims to teach students to use economic principles to explain everyday details of ordinary existence. Throughout the text, Economic Naturalist examples help develop economic intuition and demonstrate the relevance of economics.

Useful Appendixes include the utility function approach to the consumer budgeting problem, additional topics in demand theory, additional applications of rational choice theory, search theory, production theory, cost theory, additional models of monopolistic competition, and a more detailed look at exhaustible resource allocation.

The inclusion of this material offers instructors unmatched latitude in their choice of technical level and topic coverage. Those who desire to teach a calculus-based course will find comprehensive coverage of optimization theory in the appendices to Chapters 3, 9, and 10. Starred problems that require calculus are included in the end-of-chapter problem sets.

The text boasts a four-color design modeled after the successful Frank/Bernanke Principles of Economics text. An extensive collection of photos illustrate the Examples and the Economic Naturalist features. The attractive look of the book will aid students in their understanding and motivate them to read. An exceptionally clear writing style engages students in the fundamentals of microeconomics.

The generous use of worked examples and exercises promotes a solid understanding of economic principles. These are clearly indicated in the table of contents. End-of-chapter exercises and problems closely linked with the text's concepts and examples help students more readily relate the economic concepts to the pedagogy.

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Microeconomics Behavior, Institutions and Evolution

Microeconomics Behavior, Institutions and Evolution PDF Download Ebook. Samuel Bowles uses recent advances in evolutionary game theory, contract theory, behavioral experiments, and the modeling of dynamic processes. Author develops a theory of how economic institutions shape individual behavior, and how institutions evolve due to individual actions, technological change, and chance events.

In this book, author returns to the classical economists' interest in the wealth and poverty of nations and people, the workings of the institutions of capitalist economies, and the coevolution of individual preferences and the structures of markets, firms, and other institutions.

Each chapter is introduced by empirical puzzles or historical episodes illuminated by the modeling that follows, and the book closes with sets of problems to be solved by readers seeking to improve their mathematical modeling skills. Complementing standard mathematical analysis are agent-based computer simulations of complex evolving systems that are available online so that readers can experiment with the models.

Bowles concludes with the time-honored challenge of "getting the rules right," providing an evaluation of markets, states, and communities as contrasting and yet sometimes synergistic structures of governance. Must reading for students and scholars not only in economics but across the behavioral sciences, this engagingly written and compelling exposition of the new microeconomics moves the field beyond the conventional models of prices and markets toward a more accurate and policy-relevant portrayal of human social behavior.

The standard neoclassical competitive model of economic behavior has been significantly extended in the last fifty years by emphasis on interaction among small groups (game theory), on extended models of human motivation based in part on human evolution, and on divergent information bases of participants. A rich but scattered literature has now received a brilliant synthesis and development in this book. It will be an indispensable part of future teaching in microeconomics at the graduate or advanced undergraduate levels, as well as an excellent source of information for the practicing economist.

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Microeconomics of Banking 2e by Freixas and Rochet

Microeconomics of Banking PDF Download Ebook. Xavier Freixas and Jean-Charles Rochet give impressive synthesis of an enormous body of research developed over the last twenty years. It is clearly written and a pleasure to read. What I found particularly useful is the great effort that authors have taken to systematically integrate the theory of financial intermediation into classical microeconomics and finance theory.

Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking sector that may justify government intervention.

In the past, banking courses in most doctoral programs in economics, business, or finance focused either on management or monetary issues and their macroeconomic consequences; a microeconomic theory of banking did not exist because the Arrow-Debreu general equilibrium model of complete contingent markets (the standard reference at the time) was unable to explain the role of banks in the economy.

This text provides students with a guide to the microeconomic theory of banking that has emerged since then, examining the main issues and offering the necessary tools for understanding how they have been modeled. It covers the recent dramatic developments in academic research on the microeconomics of banking, with a focus on four important topics: the theory of two-sided markets and its implications for the payment card industry.

This book also describes "non-price competition" and its effect on the competition-stability tradeoff and the entry of new banks; the transmission of monetary policy and the effect on the functioning of the credit market of capital requirements for banks; and the theoretical foundations of banking regulation, which have been clarified, although recent developments in risk modeling have not yet led to a significant parallel development of economic modeling.

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Microeconomics: A Modern Approach, Andrew Schotter

Microeconomics: A Modern Approach PDF Download Ebook. Andrew Schotter shows how to go beyond studying theory and effectively apply what you learn to your future studies, career, and life. Professor Schotter believes the future of teaching microeconomics will be heavily connected with the use of experimental tools.

As a result, this book is built on an experimental economics framework that emphasizes game theory, strategic analysis, and organization of the firm, without skimping on traditional topics like consumer choice, production and markets. Each chapter and section builds upon a unifying theme of how economic institutions develop to solve problems that arise in a society.

One of the major analytical tools used in the book is game theory. Chapter 11 introduces the fundamentals of game theory, illustrating how it can serve as a tool for strategic business analysis. Throughout the remaining chapters, game theory is used as a means of understanding the different strategies of the various parties to a situation.

Cutting-edge coverage includes several chapters not found in other texts, including the internal organization of the firm (ch. 8), entry prevention (ch. 12), natural monopoly and the economics of regulation (ch. 10) and time inconsistency. If these chapters do not fit the objectives of your course, they can be skipped without causing any problems in understanding for future chapters.

Concepts are presented within the context of a society that starts out in a primitive state of nature and gradually develops the characteristics and institutions of a modern economy. Illustrating various points of view, the text also helps you sharpen your critical thinking skills as it presents theories as well as their deficiencies. Applying intermediate economics to everyday life, it is a text that will further your core foundation for studying economics.

To help students see economics as a dynamic science, a considerable amount of space is devoted to criticizing theories. In some chapters, this is done through "consulting reports," which suggest possible solutions to problems that the model society faces, such as how to regulate monopolies.

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Microeconomics Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus 3rd Edition PDF Download Ebook. Jeffrey M. Perloff uses calculus, algebra, and graphs to present microeconomic theory using actual examples, and then encourages readers to apply the theory to analyze real-world problems.

The book has been substantially revised, 80% of the Applications are new or updated, and there are 24 new Solved Problems. Every chapter (after Chapter 1) contains a new feature (the Challenge and the Challenge Solution) and has many new end-of-chapter exercises.

This text goes beyond basic microeconomic theory and looks at theories and applications from many important contemporary fields of economics. Examples include extensive coverage of problems from resource economics, labor economics, international trade, public finance, and industrial organization is featured throughout.

This text introduces game theory in Chapter 13, analyzing both static games (including prisoners’ dilemma, chicken, and other games) and multiperiod games (such as collusion and preventing entry), and special attention is paid to auction strategies. Chapters 14, 16, 17, 18, and 19 employ game theory to analyze oligopoly behavior, investing given an uncertain future, pollution (the Coase Theorem), and other topics.

This text uses real-world examples throughout the narrative to illustrate the many basic theories of microeconomics. Students see monopoly theory applied to a patented pharmaceutical, Botox. Oligopoly theories are used to analyze the rivalry between Coke and Pepsi, and between United Airlines and American Airlines on the Chicago–Los Angeles route. Apple’s monopoly pricing of iPods is analyzed.

Overall, these examples and applications use real people, real companies, and real data to illustrate basic microeconomic theory, providing students with a practical perspective that showcases the versatility of modern microeconomics.

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