Principles of Microeconomics : An Integrative Approach / by Martin Kolmar.

Format:

Book

Author/Creator:

Kolmar, Martin., Author.

Series:

Springer Texts in Business and Economics, 2192-4341

Language:

English

Subjects (All):

Microeconomics.

Experimental economics.

Economics--History.

Economics.

Game theory.

Evolutionary economics.

Institutional economics.

Experimental Economics.

History of Economic Thought and Methodology.

Game Theory.

Institutional and Evolutionary Economics.

Local Subjects:

Microeconomics.

Experimental Economics.

History of Economic Thought and Methodology.

Game Theory.

Institutional and Evolutionary Economics.

Physical Description:

1 online resource (XII, 336 p. 80 illus.)

Edition:

1st ed. 2017.

Place of Publication:

Cham : Springer International Publishing : Imprint: Springer, 2017.

Summary:

This text provides a comprehensive and unique introduction to modern microeconomics. It pursues an integrative approach by putting the main findings of economics into a broader perspective; theories are critically reflected on from a philosophical standpoint and by comparing them to approaches found in the social sciences, while implications for the design of the legal system and business practices are highlighted throughout. In addition, the book presents brief examples and comprehensive case studies to facilitate an understanding of the theories’ real-world implications. Starting from the question as to why and how societies organize economic activity, the book adopts an institutional perspective to analyze the potential and limitations of different market types with regard to alleviating scarcity and achieving distributive objectives. It not only covers traditional rational-choice models, but also systematically introduces readers to important findings from behavioral economics and psychology. A companion workbook is available which features a wide variety of exercises, ranging from basic multiple-choice questions to challenging mathematical problems and case study scenarios. .

Contents:

Introduction: First Principles

Gains from Trade

A Primer in Markets and Institutions: Introduction

Supply and Demand Under Perfect Competition

Normative Economics

Externalities and the Limits of Markets

Foundations of Demand and Supply: Decisions and Consumer Behavior

Costs

Firm Behavior and Industrial Organization: A Second Look at Firm Behavior Under Perfect Competition

Firm Behavior in Monopolistic Markets

Principles of Game Theory

Firm Behavior in Oligopolistic Markets

Appendix: A Case Study

Mathematical Appendix.

Other Format:

erscheint auch als

ISBN:

9783319575896

3319575899

OCLC:

1008870743