Microeconomic Theory Basic Principles and Extensions

by Nicholson, Walter

• ISBN13: 9780030335938
• ISBN10: 0030335930
• Edition: 8th
• Format: Hardcover
• Copyright: 2001-10-26
• Publisher: South-Western College Pub

Summary

Applauded for providing the most clear and accurate presentation of advanced microeconomic concepts, Walter Nicholson brings us Microeconomic Theory: Basic Principles and Extensions, 8e . It gives readers the opportunity to work directly with theoretical tools, real-world applications, and cutting edge developments in the study of microeconomics. Reviewers exclaim, "Nicholsonà ;'s text is solid, rigorous and comprehensive. It is sensibly challenging for students, best serving students with a mathematics background, and absolutely essential for those who are preparing for graduate studies in economics."

Author Biography

Walter Nicholson is the Ward H. Patton Professor of Economics at Amherst College

Table of Contents

Introduction	p. 1
Economic Models	p. 3
The Mathematics of Optimization	p. 21
Choice and Demand	p. 63
Preferences and Utility	p. 65
Utility Maximization and Choice	p. 91
Income and Substitution Effects	p. 115
Demand Relationships Among Goods	p. 151
Market Demand and Elasticity	p. 171
Choice Under Uncertainty	p. 195
Expected Utility and Risk Aversion	p. 197
The Economics of Information	p. 225
Game Theory and Strategic Equilibrium	p. 245
Production and Supply	p. 265
Production Functions	p. 267
Costs	p. 297
Profit Maximization and Supply	p. 333
Perfect Competition	p. 365
The Partial Equilibrium Competitive Model	p. 367
Applied Competitive Analysis	p. 401
General Competitive Equilibrium	p. 421
The Efficiency of Perfect Competition	p. 455
Models of Imperfect Competition	p. 493
Models of Monopoly	p. 495
Traditional Models of Imperfect Competition	p. 527
Game Theory Models of Pricing	p. 553
Pricing in Input Markets	p. 575
Firms' Demands for Inputs	p. 577
Labor Supply	p. 605
Capital	p. 625
Limits of the Market	p. 657
Externalities and Public Goods	p. 659
Political Economics	p. 685
Brief Answers to Queries	p. 709
Solutions to Odd-Numbered Problems	p. 719
Glossary of Frequently Used Terms	p. 729
Name Index	p. 735
Subject Index	p. 738
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