Intermediate Microeconomics with Microsoft Excel - 2nd Edition

Format:

Book

Author/Creator:

Barreto, Humberto, author.

Language:

English

Subjects (All):

Finance--Textbooks.

Finance.

Physical Description:

1 online resource

Edition:

2nd Edition

Place of Publication:

Greencastle, Indiana Humberto Barreto 2020.

Language Note:

In English.

Summary:

This book is based on the idea that there is a particular framework used by economists to interpret observed reality. This framework has been called the economic way of thinking, the economic approach, and the method of economics. This book is different from the many other books that attempt to teach microeconomics in three ways: It explicitly applies the recipe of the economic approach in every example. It uses concrete examples via Microsoft Excel in every application, which enables the reader to manipulate live graphs and learn numerical methods of optimization. The majority of the content is in the Excel workbooks which the reader uses to create meaning. You learn by doing, not by reading.

Contents:

I Consumer Behavior

1 Budget Constraint

2 Satisfaction

3 Optimal Choice

4 Comparative Statics

5 Endowment Models

6 Bads

7 Search Theory

8 Behavioral Economics

9 Rational Addiction

II The Firm

10 Production Function

11 Input Cost Minimization

12 Output Profit Maximization

13 Input Profit Maximization

14 Consistency

15 Monopoly

16 Game Theory

III The Market System

17 Partial Equilibrium

18 General Equilibrium

IV Conclusion

Notes:

Description based on online resource