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Microeconomics

Equilibrium and Efficiency

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Red Globe Press

Pages: 368
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Paperback - 9780230201132

17 May 2013

$79.99

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Ebook - 9781137302601

16 September 2017

$69.99

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Hardcover - 9780230201125

17 May 2013

$129.99

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Microeconomics: Equilibrium and Efficiency teaches how to apply microeconomic theory in an innovative, intuitive and concise way. Using real-world, empirical examples, this book not only covers the building blocks of the...

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Microeconomics: Equilibrium and Efficiency teaches how to apply microeconomic theory in an innovative, intuitive and concise way. Using real-world, empirical examples, this book not only covers the building blocks of the subject, but helps gain a broad understanding of microeconomic theory and models.

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Unlike most Intermediate Microeconomics books, ten Raa uses realworld, empirical examples to introduce the subject matter - this book teaches how to apply microeconomic theory
There are unique innovations throughout the book - for example, making use of constant elasticity of substitution functions and applying Negishi's method to present general equilibrium theory
Concise and intuitive - students will not just learn the building blocks of micro, but gain a broad understanding of microeconomic theory and models
Author is a well-respected academic, has international research and teaching experience and is the recipient of the Wassily Leontief Centennial Medal

PART I: ECONOMIC PRINCIPLES
Economic Building Blocks and the Importance of Elasticities
Scarcities and how they are Priced
PART II: THE DEMAND SIDE OF THE ECONOMY
Utility and Expenditures
Demand: Income and Substitution Effects
Measuring Consumer Well-being
PART III: THE SUPPLY SIDE OF THE ECONOMY
Production Analysis: Inputs, Outputs, Coefficients, and Productivity
Production Functions
Supply and Market Power
PART IV: BUILDING THE MODEL OF THE ECONOMY
Equilibrium
Efficiency Theory
PART V: PUTTING THE MODEL TO USE
Measuring Economic Performance
Market Forms and Competition Policy
Public Economics
PART VI: MARKET IMPERFECTIONS
Game Theory and the New Industrial Organization
Analyzing Uncertainty and Missing Information
Search, Transaction, and Switching Costs.

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Thijs ten Raa has been affiliated with NYU and Erasmus University and is now Associate Professor of Economics at Tilburg University, The Netherlands. He has published eight books, including the acclaimed The Economics of Benchmarking (2009), and numerous articles. In 2006 he was awarded the Wassily Leontief Centennial Medal.

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Thijs ten Raa has been affiliated with NYU and Erasmus University and is now Associate Professor of Economics at Tilburg University, The Netherlands. He has published eight books, including the acclaimed The Economics of Benchmarking (2009), and numerous articles. In 2006 he was awarded the Wassily Leontief Centennial Medal.

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