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Essentials of Microeconomics is an excellent introduction to microeconomics, with a vigorous treatment of all relevant introductory microeconomic concepts. Each chapter is self-contained and includes the required key mathematical skills at the start. Ideal for introductory microeconomics courses and business economics courses.
List of contents
Part I Key Concept and Tools
1. Key economic concepts
2. Key mathematical tools
3. Key strategic tools
Part II Gains from Trade
4. Trade and the PPF
5. Bargaining
Part III Market Fundamentals
6. Demand
7. Production and Costs
8. Supply
9. Equilibrium and welfare
10. Elasticity
Part IV Types of Markets
11. Introduction to Markets
12. Perfect Competition
13. Monopoly
14. Monopolistic Competition
15. Oligopoly
Part V Market Failures
16. Price regulation, taxes and subsidies
17. Externalities
18. Public Goods and common resources
Part VI International Trade
19. International Trade
Part VII Economics in Practice
20. Some other markets
21. Economic policy
22. Economics and evidence
Part VII Review
23. Questions and answers
About the author
Bonnie Nguyen is an Honours graduate from the University of Sydney in both Law and Economics. Bonnie’s research interests include an economic analysis of litigation and the internal organisation and ownership structure of firms. She has published research in the Journal of Institutional and Theoretical Economics and the Australian Economic Review. Bonnie has previously taught microeconomics at the University of Sydney.
Andrew Wait is a Professor in the School of Economics at the University of Sydney. He has a PhD from the Australian National University and a Bachelor of Economics (Honours) from the University of Adelaide. Andrew’s research interests include industrial organisation and organisational economics. Andrew has published in the RAND Journal of Economics, the International Journal of Industrial Organization and the Journal of Law, Economics and Organization. He is the co-convenor of the Annual Organizational Economics Workshop.
Summary
Essentials of Microeconomics is an excellent introduction to microeconomics, with a vigorous treatment of all relevant introductory microeconomic concepts. Each chapter is self-contained and includes the required key mathematical skills at the start. Ideal for introductory microeconomics courses and business economics courses.
