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| About the book |
Microeconomics, 2nd European Edition offers comprehensive and accessible coverage of microeconomic theory, explaining how this is used to analyse and evaluate contemporary market systems. The book draws on relevant real world examples to highlight how theory can help to solve or understand a range of problems and is a central basis for thinking like an economist. |
| Key features |
| About the authors |
Wyn Morgan is a senior Lecturer in Economics and a Research Fellow in the Centre for Research in Economic Development and International Trade (CREDIT) in the School of Economics at the University of Nottingham, UK. |
| Table of contents |
1 The Market Economy PART 1 The Household 2 Consumer Choice 3 Comparative Statics and Demand 4 Price Changes and Consumer Welfare 5 The Household as Supplier 6 Choice under Uncertainty PART 2 The Firm 7 The Firm and Its Goals 8 Technology and Production 9 Cost PART 3 The Competitive Model 10 The Price-Taking Firm 11 Equilibrium in Competitive Markets 12 General Equilibrium and Welfare Economics PART 4 Market Power 13 Monopoly 14 More on Price-Making Firms 15 Oligopoly and Strategic Behaviour 16 Game Theory PART 5 Missing Markets 17 Asymmetric Information 18 Externalities and Public Goods Progress Check Solutions References Index |
