Microeconomics

An Open Introduction

Häftad, Engelska, 2025

AvRichard Friberg

1 139 kr

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Based on the author’s extensive experience of teaching microeconomics, this concise textbook is written specifically for introductory to intermediate courses in microeconomics. Instead of presenting a very large number of different cases and applications that can be overwhelming, the book focuses in on the key concepts in each topic, equipping readers with a solid understanding of these concepts so they are well set up to apply them to a wide range of other issues.It covers all standard topics but is especially focused on central ideas with respect to market power, externalities and asymmetric information, linking them to practice and empirical evidence. It also includes subjects that are partly novel for microeconomics textbooks: competitive selection when firms have different marginal costs, platform markets and auctions. Throughout, the book relies on calculus, encouraging the reader to solve problems like a professional economist, utilising the same set of tools over and over again to highlight the portability of the economic way of thinking.Supported by a wide-ranging selection of exercises with solutions, empirical examples, a mathematical appendix, links to step-by-step videos and PowerPoint slides, Microeconomics is suitable for studying microeconomics and microeconomic issues at the introductory to intermediate level.The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons [Attribution (CC-BY)] 4.0 International license.

Produktinformation

Utgivningsdatum2025-11-19
Mått174 x 246 x undefined mm
Vikt730 g
FormatHäftad
SpråkEngelska
Antal sidor378
FörlagTaylor & Francis Ltd
ISBN9781041034360

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1. Introduction 2. Supply and demand Part I: Where does supply come from? 3. From technology to costs 4. Supply by price-taking firms Part II: Where does demand come from? 5. Consumer choice 6. Demand curves and elasticities Part III: Efficiency and equity in a competitive market 7. Efficiency in partial equilibrium 8. Efficiency in general equilibrium Part IV: Imperfect competition 9. Monopoly and monopolistic competition 10. Oligopoly 11. Games and strategies 12. Price discrimination Part V: Market failures 13. Externalities 14. Asymmetric information Part VI: Applications 15. Labor supply and demand 16. Uncertainty 17. International trade 18. Topics and digital markets 19. Mathematical appendix

“This book will be equally adored by two types of people: the teacher who loves teaching real economics, and the student who is curious about how real economics will help them understand the world. Everything is laid out in gorgeous clarity, waiting to be discovered.”Dave Donaldson, Class of 1949 Professor of Economics, MIT, US“Do we really need another introductory microeconomics textbook? Absolutely, if properly done! This gem is a fantastic addition to the world of microeconomics resources. It’s crystal-clear, refreshingly free of jargon, and strikes the perfect balance: simple enough to grasp, yet never simplistic. It delivers the core intuition of each topic in plain language, but then takes it up a notch with basic calculus to explain concepts like a true professional. Plus, it’s packed with engaging YouTube videos that walk you through derivations step-by-step, making you feel like you’re in a one-on-one class. And the cherry on top? It dives into exciting modern topics like digitization and platform markets. Whether you’re diving into micro for the first time, studying on your own, or looking for a solid reference book, this is the one to get!”Christos Genakos, Professor of Economics and Policy, Cambridge Judge Business School, University of Cambridge, UK