For Intermediate Microeconomics courses.NO ACCESS CARD INCLUDED . Microeconomics and its role in decision making and public policyMicroeconomics exposes readers to topics that play a central role in microeconomics. From game theory and competitive strategy, to the roles of uncertainty and information, and the analysis of pricing by firms with market power, the text helps you understand what’s going on in the world of business. It also shows you how microeconomics can be used as a practical tool for decision-making and for designing and understanding public policy. The 9th Edition further illustrates microeconomics’ relevance and usefulness with new coverage and examples, and an improved exposition that is clear and accessible as well as lively and engaging. With Microeconomics, you will be able to fully appreciate how a modern economy functions.Also available with MyLab EconomicsMyLab™ Economics is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts. NOTE: You are purchasing a standalone product. MyLab Economics does not come packaged with this product. If you would like to purchase both the physical text and MyLab Economics, search for:0134086317 / 9780134086316 Microeconomics Plus MyLab Economics with Pearson eText -- Access Card Package, 9/e Package consists of:0134143078 / 9780134143071 MyLab Economics with Pearson eText -- Access Card -- for Microeconomics0134184246 / 9780134184241 Microeconomics Read more

With the economy currently in turmoil, understanding how businesses and consumers interact is more important than ever—for business owners and students of economics, alike. A handy, fluff-free resource tool, our 3-panel (6-page) guide simplifies the world of microeconomics through the use of definitions, formulas and full-color tables and charts. Read more

A better understanding of how the economy works in general is crucial for established businesses, start-ups and students of economics. This 3-panel (6-page) guide, jam-packed with up-to-date information, examines macroeconomics in great detail. Read more

The Gold Standard, Now for Today’s Students Varian’s Intermediate Microeconomics, long the gold standard, welcomes new co-author Marc Melitz. Informed by his extensive teaching experience, Melitz incorporates fresh examples and problems to modernize and enhance Varian’s core approach to support today’s students. A new interactive ebook supports provides unique interactives that explain challenging concepts, and Smartwork online assessment tool offers ample opportunities for students to work through problem sets. Read more

Few other economists have been read and cited as often as R.H. Coase has been, even though, as he admits, "most economists have a different way of looking at economic problems and do not share my conception of the nature of our subject." Coase's particular interest has been that part of economic theory that deals with firms, industries, and markets—what is known as price theory or microeconomics. He has always urged his fellow economists to examine the foundations on which their theory exists, and this volume collects some of his classic articles probing those very foundations. "The Nature of the Firm" (1937) introduced the then-revolutionary concept of transaction costs into economic theory. "The Problem of Social Cost" (1960) further developed this concept, emphasizing the effect of the law on the working of the economic system. The remaining papers and new introductory essay clarify and extend Coarse's arguments and address his critics. "These essays bear rereading. Coase's careful attention to actual institutions not only offers deep insight into economics but also provides the best argument for Coase's methodological position. The clarity of the exposition and the elegance of the style also make them a pleasure to read and a model worthy of emulation."—Lewis A. Kornhauser, Journal of Economic Literature Ronald H. Coase was awarded the Nobel Prize in Economic Science in 1991. Read more

Thoroughly examine how microeconomic principles apply to health care delivery and its policies with Henderson's insightful HEALTH ECONOMICS AND POLICY, 8E. Updates and expanded content help you explore the changing nature of health care, the social and political sides of issues and the future of health care delivery and finance as the U.S. transitions beyond the Affordable Care Act. You learn how to analyze public policy from an economic perspective as new content addresses today's policy environment and changes as well as reform alternatives. Special features address issues in healthcare today, profile health care leaders and offer global comparisons. A convenient new eBook format provides imbedded links to extra content. New appendices show you how to interpret empirical results and perform economic evaluations. This edition clearly introduces an engaging economic side of health care that's interesting no matter what your major or future plans. Read more

PRAISE FOR THE LONG GOOD BUY:"Oppenheimer offers brilliant insights, sage advice and entertaining anecdotes. Anyone wishing to understand how financial markets behave – and misbehave – should read this book now."Stephen D. King, economist and author of Grave New World: The End of Globalisation, the Return of History"Peter has always been one of the masters of dissecting financial markets performance into an understandable narrative, and in this book, he pulls together much of his great thinking and style from his career, and it should be useful for anyone trying to understand what drives markets, especially equities."Lord Jim O'Neill, Chair, Chatham House"A deeply insightful analysis of market cycles and their drivers that really does add to our practical understanding of what moves markets and long-term investment returns."Keith Skeoch, CEO, Standard Life Aberdeen"This book eloquently blends the author's vast experience with behavioural finance insights to document and understand financial booms and busts. The book should be basic reading for any student of finance."Elias Papaioannou, Professor of Economics, London Business School"This is an excellent book, capturing the insights of a leading market practitioner within the structured analytical framework he has developed over many years. It offers a lively and unique perspective on how markets work and where they are headed."Huw Pill, Senior Lecturer, Harvard Business School"The Long Good Buy is an excellent introduction to understanding the cycles, trends and crises in financial markets over the past 100 years. Its purpose is to help investors assess risk and the probabilities of different outcomes. It is lucidly written in a simple logical way, requires no mathematical expertise and draws on an amazing collection of historical data and research. For me it is the best and most comprehensive introduction to the subject that exists."Lord Brian Griffiths, Chairman - Centre for Enterprise, Markets and Ethics, Oxford Read more

Microeconomics: The Basics is an accessible introduction to the core topics in the field. Intended for those with little or no background in the subject, it provides the reader with a solid foundation of the basic principles of microeconomics and establishes a framework for further study.Topics in the book cover the most important areas in microeconomics, including supply and demand, consumer choice, elasticity, market failure and the role of government, production and cost, perfect competition, monopoly, oligopoly, monopolistic competition, the labor market, and capital and financial markets. Applications that are relevant for contemporary study of the field are also included. Written in a highly engaging style, each chapter is accompanied by key terminology lists to emphasize important terms and concepts, as well as further reading suggestions which provide the opportunity for students to read more about specific topics, with a glossary provided at the end of the book.Microeconomics: The Basics is essential reading for anyone who wishes to master the fundamental principles of microeconomics. Read more

Essential Mathematics for Economics covers mathematical topics that are essential for economic analysis in a concise but rigorous fashion. The book covers selected topics such as linear algebra, real analysis, convex analysis, constrained optimization, dynamic programming, and numerical analysis in a single volume. The book is entirely self-contained, and almost all propositions are proved. FeaturesReplete with exercises and illuminating examplesSuitable as a primary text for an advanced undergraduate or postgraduate course on mathematics for economicsBasic linear algebra and real analysis are the only prerequisites.Supplementary materials such as Matlab codes, teaching slides etc. are posted on the book website https://github.com/alexisakira/EME. Read more

Enhance your comprehension of how economic concepts function today with the unique and impactful storytelling stye and digital resources from Microeconomics. Read more

Principles of Microeconomics 3e covers the scope and sequence of most one semester introductory microeconomics courses. The third edition takes a balanced approach to the theory and application of microeconomics concepts. The text uses conversational language and ample illustrations to explore economic theories, and provides a wide array of examples using both fictional and real-world applications. The third edition has been carefully and thoroughly updated to reflect recent developments, as well as to provide a deeper background in diverse contributors and their impacts on economic thought and analysis. For example, the third edition highlights the research and views of a broader group of economists. This is the official print version of this OpenStax textbook. OpenStax makes full-color hardcover and B&W paperback print copies available for students who prefer a hardcopy textbook to go with the free digital version of this OpenStax title. The textbook content is exactly the same as the OpenStax digital book. This textbook is available for free download at the OpenStax dot org website, but as many students prefer to study with hardcopy books, we offer affordable OpenStax textbooks for sale through Amazon as well as most campus bookstores. Read more

Book Description:Unlock the complexities of microeconomics with this comprehensive guide designed for learners at all levels. This book breaks down economic concepts with clear explanations and practical examples, enhanced by Python code to solidify your understanding through real-world application. Whether you're a student, a professional looking to brush up on economic principles, or just curious about how microeconomic systems work, this book provides the insights you need. Navigate through core concepts and advanced topics with ease, all explained through the clarity of mathematics and enhanced by coding solutions.Key Features:Python code examples for hands-on learning and application.In-depth analysis of fundamental and advanced microeconomic theories.Clear, step-by-step guides to mathematical equations and their real-world implications.A comprehensive approach combining theoretical exploration with practical coding exercises.What You Will Learn:Master the demand function and its relationship with price, income, and preferences.Develop a deep understanding of the algebraic equations behind market equilibrium.Calculate price elasticity of demand to measure consumer responsiveness to price shifts.Evaluate how income variations influence demand using income elasticity formulas.Analyze the impact of pricing in related goods with cross-price elasticity tools.Assess supply responsiveness to price shifts using elasticity of supply calculations.Compute consumer surplus through integral calculus for market insights.Quantify producer surplus using supply curve analysis.Explore the interplay between total revenue and demand elasticity.Dive into marginal utility and calculate it as the utility function's derivative.Construct budget constraint equations to assess choices under budgetary limits.Apply the utility maximization rule to optimize consumption decisions.Comprehend indifference curves and their mathematical formulations.Derive Engel curves to illustrate demand changes related to income levels.Calculate substitution effects using Slutsky's and Hicksian methodologies.Decode the income effect and its influence on purchasing power.Use the Slutsky equation to decompose price change impacts.Develop Hicksian demand curves for constant utility levels.Introduce production functions, focusing on the Cobb-Douglas model.Derive marginal products from production functions for input analysis.Calculate average products and their relevance in production efficiency.Grasp the law of diminishing returns and its mathematical implications.Visualize isoquants and isocosts to determine efficient input combinations.Utilize calculus in cost minimization for input optimization.Analyze total cost functions derived from inputs and production dynamics.Break down average cost functions into fixed, variable, and total costs.Determine marginal cost through the derivative of total cost functions.Set profit-maximizing conditions by equating marginal cost to marginal revenue.Conduct break-even analysis to equate total revenue and costs.Identify production shutdown points through price and average variable costs relations. Read more

Adaptive Responses of Native Amazonians investigates the adaptive responses of the aborigines of Amazonia from the ecological perspective within anthropology. The discussions are organized around the major modes of Amazonian subsistence (cultivation, hunting and fishing), nutrition, and settlement pattern. Comprised of 15 chapters, this volume begins with an overview of Amazonian ecosystems, citing environmental models of Amazonian adaptive behavior and sociocultural evolution as well as the problematic definition or measure of the concept of adaptation. The reader is then introduced to shifting cultivation among the Machiguenga, Native American inhabitants of the tropical rainforest of the Upper Amazon, and the Kuikuru, one of three Carib-speaking villages located at the headwaters of the Xingú River. Subsequent chapters focus on the adaptive strategies of the Wakuénai people to the oligotrophic rainforest of the Rio Negro Basin; neotropical hunting among the Aché of Eastern Paraguay; trekking by the Mekranoti-Kayapó Indians of Central Brazil in lowland South America; and fishing patterns among the Cocamilla Indians of Achual Tipishca in the Huallaga River Basin in northeastern Peru. The book also considers nutrition and settlement patterns among native Amazonians. This monograph will be a useful resource for anthropologists, scholars, specialists, and others who are interested in the general fields of human ecology, South American ethnology, and tropical studies. Read more

Bayesian econometric methods have enjoyed an increase in popularity in recent years. Econometricians, empirical economists, and policymakers are increasingly making use of Bayesian methods. This handbook is a single source for researchers and policymakers wanting to learn about Bayesian methods in specialized fields, and for graduate students seeking to make the final step from textbook learning to the research frontier. It contains contributions by leading Bayesians on the latest developments in their specific fields of expertise. The volume provides broad coverage of the application of Bayesian econometrics in the major fields of economics and related disciplines, including macroeconomics, microeconomics, finance, and marketing. It reviews the state of the art in Bayesian econometric methodology, with chapters on posterior simulation and Markov chain Monte Carlo methods, Bayesian nonparametric techniques, and the specialized tools used by Bayesian time series econometricians such as state space models and particle filtering. It also includes chapters on Bayesian principles and methodology. Read more

Microeconomic Analysis has been a fixture of graduate programs in economics for fifteen years, providing unique authority, clarity, and breadth of coverage. The Third Edition continues to supply the building blocks of microeconomic analysis: a thorough treatment of optimization and equilibrium methods, coupled with numerous examples of their application. The Third Edition expands on the earlier editions in two ways. First, the coverage has been rewritten and rearranged. Second, chapters have been added on game theory, oligopoly, asset markets, and information economics. The new chapters fully update the text, highlighting significant developments of the last decade at a level that is accessible for first-year graduate students. Read more

In this book, a leading observer of the international financial system assesses official efforts to address the problem of financial crises in emerging markets. Professor Eichengreen describes the progress that has been made in limiting the frequency of crises and strengthening the international financial system. He also shows that initiatives in this area have unintentionally made life more difficult for the poorest countries. He therefore argues that efforts to limit the threat to the international financial system need to be linked to an increase in development assistance. Another place where official efforts have fallen short, the author argues is in creating new ways of resolving crises. He shows that official financing through the International Monetary Fund is part of the problem. The IMF's financial rescues allow investors to escape without losses, in turn encouraging them to lend without due regard to the risks. This only makes the international system more crises prone. That the IMF has repeatedly come under pressure to bail out crisis countries reflects the absence of other acceptable ways of resolving the financial difficulties of emerging markets. Not lending threatens to expose the international financial system to a disorderly and disruptive crisis. At the same time, radical new alternatives like an international bankruptcy court or international lender of last resort would create more problems than they solved-even if there was the political appetite for such ambitious schemes, which there is not. The author concludes that the best way to enhance the efficiency and stability of international financial markets is by pushing for changes to the provisions of loan agreements that will enhance the capacity of creditors and debtors to resolve financial problems on their own. Read more

A mechanism is a mathematical structure that models institutions through which economic activity is guided and coordinated. There are many such institutions; markets are the most familiar ones. Lawmakers, administrators and officers of private companies create institutions in orders to achieve desired goals. They seek to do so in ways that economize on the resources needed to operate the institutions, and that provide incentives that induce the required behaviors. This book presents systematic procedures for designing mechanisms that achieve specified performance, and economize on the resources required to operate the mechanism, i.e., informationally efficient mechanisms. Our systematic design procedures are algorithms for designing informationally efficient mechanisms. Most of the book deals with these procedures of design. When there are finitely many environments to be dealt with, and there is a Nash-implementing mechanism, our algorithms can be used to make that mechanism into an informationally efficient one. Informationally efficient dominant strategy implementation is also studied. Read more

The family is a complex decision unit in which partners with potentially different objectives make consumption, work, and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern, and self-contained account of the research in the growing area of family economics. The first half of the book develops several alternative models of family decision making. Particular attention is paid to the collective model and its testable implications. The second half discusses household formation and dissolution and who marries whom. Matching models with and without frictions are analyzed and the important role of within-family transfers is explained. The implications for marriage, divorce, and fertility are discussed. The book is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family. Read more

Surveying the field of the economics of the household, the second edition of this text reviews the theory of the consumer at the intermediate undergraduate level. It applies and extends it to consumer demand and expenditures, consumption and saving, time allocation among market work, home work, and leisure, human capital emphasizing investment in education, children and health, fertility, marriage, and divorce. Influenced by Gary Becker and his associates, the models developed are used to help explain modern U.S. trends in family behavior. Topics are discussed with the aid of geometry and a little algebra. Read more

Every family worries about money, whether they’re strapped for cash and living paycheck to paycheck, or concerned about saving for college or retirement. And hardworking parents don’t always have time to spare for reworking the budget or shopping around for the best college savings account. Written by top USA TODAY personal finance columnists Sandra Block and John Waggoner and veteran reporter Kathy Chu, this book covers all the most pressing financial issues that families face. Readers will find concise, sensible information on how to: • discuss money with a spouse • create a budget the family can stick to • take control of debt • teach kids about money management • get the most out of healthcare • claim all applicable tax breaks • prepare for big purchases: a car, a home, braces… • plan for college and retirement Filled with helpful charts, checklists, resources and USA TODAY’s hallmark “snapshot” infographics, The Busy Family’s Guide to Money is the perfect resource for families who need real, practical solutions—fast. Read more