Browse / Business & Economics / Microeconomics / 4th Edition
Microeconomics 9780139111082

Microeconomics | 4th Edition

ISBN-10: 0139111085
ISBN-13: 9780139111082
AUTHOR:
PUBLISHER: Prentice Hall PTR
Also available at Amazon.com
Note: Not guaranteed to come with supplemental materials (access codes, CDs, DVDs)
Product Description: I. AN INTRODUCTION TO MICROECONOMICS. 1. Microeconomics: A Working Methodology. Choice of Production Technique. The Water Shortage Problem. Agricultural Price Support Programs. Describing an Economy. The Equilibrium Method. Positive and Normative Economics. The Market Economy. II. INDIVIDUAL CHOICE. 2. A Theory of Preferences. Completeness and Consistency of Preferences. Nonsatiation and Maximizing Behavior. Tradeoffs and Indifference Curves. Tradeoffs and the Marginal Rate of Substitution. Utility Functions. Applications. 3. Demand Theory. Choices and Constraint. The Budget Constraint. The Consumer''s Choice Problem. Graphic Analysis of Utility Maximization. Application: Lump-Sum Versus Excise Taxes. Excise Tax Versus Lump-Sum Tax. Membership Fees as Lump-Sum Taxes. Comparative Statics Analysis of Demand. Consumption Response to a Change in Income. Complements and Substitutes. Consumption Response to a Change in Price. Application: Ingenious Advertising and the Demand Curve. Elasticity 4. More Demand Theory. The Law of Demand. Income and Substitution Effects. The Compensated Demand Curve. Time and Money Prices. Measuring Benefits and Costs. Index Numbers. 5. Intertemporal Decision Making and Capital Values. Intertemporal Value Comparisons. The Demand for Consumer Capital and Complementary Goods. Intertemporal Allocation of Nonrenewable Resources. The Life-Cycle Model. Human Capital. III. PRODUCTION AND COST. 6. Production and Cost: One Variable Input. The Production Function. Opportunity Costs. Cost-Minimization Problems. Production: One Variable Input. Costs of Production: One Variable Input. Application: Traffic Congestion and Multi-Plant firms. 7. Production and Cost: Many Variable Inputs. Isoquants and Input Substitution. Marginal Rate of Technical Substitution. Returns to Scale. The Cost-Minimization Problem: A Perspective. Solving Cost-Minimization Problems. IV. MARKET FOR GOODS. 8. The Theory of Perfect Competition. Competitive Model of Exchange. Potential Difficulties with the Competitive Model. The Assumptions of Perfect Competition. The Firm''s Short-Run Supply Decision. Short-Run Competitive Equilibrium. Efficiency of the Short-Run Competitive Equilibrium. Long-Run Competitive Equilibrium. 9. Applications of the Competitive Model. Comparative Statics in the Basic Supply and Demand Model. Application: Reading the Newspaper and Other Stories. Warm Houses in Cold Climates. Quotas in Agriculture. Rent Control. Taxes and Tariffs. The Market for Loanable Funds. The Economics of Crime. 10. Monopoly. Monopoly Defined. The Monopolist''s Revenue Functions. Maximizing Profit. The Inefficiency of Monopoly. Sources of Monopoly. Regulatory Responses to Monopoly. Patent Policy. V. RESOURCE MARKETS AND GENERAL EQUILIBRIUM. 11. Input Markets and the Allocation of Resources. The Role of Input Markets. Perfectly Competitive Input Markets. The Supply of Non-Labour Inputs. The Supply of Labour. The Firm''s Demand for One Variable Input. Input Demand with Many Variable Inputs. Competitive Equilibrium in an Input Market. Monopsony in Input Markets. Sources of Monopsony Power. Monopoly, Monopsony, and Pareto Optimality. The Firm''s Demand for Capital Inputs. 12. The Distribution of Income. The Lorenz Curve. Determinants of the Income Distribution. Distributive Justice. Minimum-Wage Legislation. Wage Floors in a Two-Sector Model. Income Maintenance. 13. Competitive General Equilibrium. Efficiency in an Exchange Economy. Competitive Equilibrium in an Exchange Economy. Efficiency and General Competitive Equilibrium. Sources of Inefficiency. VI. IMPERFECT COMPETITION. 14. Price Discrimination and Monopoly Practices. Price Discrimination and Market Segmentation. Monopsonistic Price Discrimination. Two-Part Tariffs. Tie-In Sales. All-or-Nothing Demands and the Exploitation of Affection. 15. Game Theory and Oligopoly. Game Theory. Monopoly Equilibrium. Duopoly as a Prisoner''s Dilemma. The Cournot Duopoly Model. The Cournot Model with Many Firms. The Bertrand Model. The Collusive Model of Oligopoly. Experimental Evidence. Repeated Play, Supergames, and Richer Strategies. The Limit-Output Model. Refinements of Limit Output. Positioning and Reacting. 16. Product Differentiation. Chamberlin''s Symmetrically Differentiated Products. Chamberlin''s Small-Numbers Case. Chamberlin''s Large-Numbers Case. Address Models of Monopolistic Competition. VII. UNCERTAINTY AND ASYMMETRIC INFORMATION. 17. Choice Making under Uncertainty. Expected-Utility Theory. Generalizing the Expected-Utility Approach. The Expected Utility Function. Shedding Risk. 18. Asymmetric Information, the Rules of the Game, and Externalities. Some Unresolved Problems. Externalities and the Coase Theorem. Information Costs, Transaction Costs, and Property Rights. Asymmetric Information and Transaction Costs. Externalities With Positive Transaction Costs. Responses to Externalities. Public Goods. 19. The Theory of the Firm. General Issues in the Theory of the Firm. Three Models of Organization. Team Production. The Pareto-Preffered Organizational Forms. Specialization and the Division of Labour. 20. Asymmetric Information and Market Behaviour. Reputations. Adverse Selection. Signaling. Moral Hazard Problems: Hidden Actions. Answers to Problems. Index.

Additional Details


PUBLICATION DATE:
704
CATEGORY: Business & Economics
Star

21 Day Unconditional Guarantee

any book, any reason

Rent This Book Now:

Price guaranteed for 45 minutes
Due May 15 $14.43
130 days (due Jul 2) $14.43
85 days (due May 18) $14.43
55 days (due Apr 18) $14.43
Select Your Own Date
--

Buy this book used:

$22.43

List Price: $110.00
Your Savings:
Total Price:
 

REVIEWS for Microeconomics 4th Edition


Select a star rating

FAQ'S

1. How do textbook rentals work?
It’s simple. Begin by searching for your textbook by ISBN (10 or 13-digit number that can be found on the back cover of each book), title, author or keyword. Next select how long you would like to rent the book then add it to your cart. Repeat for each book you’re looking for. After completing the order we’ll ship them to you and you’ll also receive a prepaid mailer. Return your books in the mailer by your rental due date.
2. Is renting a textbook better than purchasing it?
We offer both! You can buy or rent the book through Campus Book Rentals. It’s up to you to decide which option best meets your educational needs.
3. How do I track my order?
Login to your account here, you’ll see your current rentals listed textbook rentals listed with a yellow box that says “track”. Click the box to view the tracking number. *Not all books will have a tracking number since they may be sent from one of our partners. Tracking numbers will be updated as they become available.
4. How do I return my books?
When you rent textbooks from Campus Book Rentals you’ll receive a prepaid mailer. When it’s nearing your due date you’ll place your books inside the mailer and take it to the nearest USPS drop box or Post Office. If you don’t receive a mailer you can print a return label from your account. Return shipping is prepaid so please use either of the two methods to ensure they arrive at the correct facility.
5. Can I write or highlight in my book?
Of course! Just remember that future students will rent the same book after you, so please be respectful.
6. How much money can renting my books save?
It depends on the book. Generally renting textbooks can save you up to 80% compared to a new textbook.
7. Are Campus Book Rentals’ books the same as my bookstore’s?
Yes! We only ship US edition textbooks, which are the same as your campus bookstore.
8. Do access codes or other supplements come with a textbook rental?
One time use access codes and other supplemental materials are NOT included with rental books and must be purchased separately.
9. What if I don’t return my rental?
If your book rental is not returned by the due date, your credit card will be charged a non-return fee, equal to the replacement value for the book.
10. Can I purchase my book after I rent it?
Certainty! You’re only charged the difference between what you already paid and the value of the book at the time you initially rented. Login to your account and choose to purchase your book and it’ll walk you through the checkout process.

Textbook Rentals

We know that textbook rentals are the best way currently to distribute high quality textbooks, and we want to have you on board! Join over a million students that have saved money by renting! Not only is it better for you, but when you return it that book can go on to help even more students access affordable education. We're confident we offer the best value in rentals, but if you're not a believer you can always return your book for a no questions asked refund within 21 days.

Why Choose Us?

1. Campus Book Rentals pioneered the idea of textbook rentals, making prices significantly cheaper for every student while still maintaining the highest quality. We've been at it since 2007 and the entire industry has had to adapt to keep up.

2. Though keeping prices low has always been the goal, we can boast an excellent support team that has helped thousands of students get the best value for their education. Chat with them at 855-200-0021 or use our chat box.

3. We practice what we preach. We routinely read our own textbooks to further our own education while at work. We know that only with a well-educated team of individuals can we continue to change the industry for the better.

Make A Difference

At Campus Book Rentals our company is guided by a single question, "How are we making education more affordable?" We know that getting a college education is quickly becoming a rite of passage for students and is becoming more important every year. In order to make education more attainable for the 99%, we started renting textbooks so students could avoid high purchase prices and buyback programs. We know it's a better way, and we're going to show everyone how to make a college education affordable again.