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The Resource Microeconomics : equilibrium and efficiency, Thijs ten Raa

Microeconomics : equilibrium and efficiency, Thijs ten Raa

Label
Microeconomics : equilibrium and efficiency
Title
Microeconomics
Title remainder
equilibrium and efficiency
Statement of responsibility
Thijs ten Raa
Creator
Subject
Language
eng
Summary
This text teaches you how to apply microeconomic theory in an innovative, intuitive and concise way. Using real-world, empirical examples, this book not only covers the building blocks of the subject, but helps gain a broad understanding of microeconomic theory and models--
Assigning source
Provided by Publisher
Cataloging source
AU@
http://library.link/vocab/creatorName
Raa, Thijs ten
Illustrations
illustrations
Index
index present
Literary form
non fiction
http://library.link/vocab/subjectName
Microeconomics
Target audience
adult
Label
Microeconomics : equilibrium and efficiency, Thijs ten Raa
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
  • pt. I Economic Principles -- ch. 1 Economic building blocks and the importance of elasticities -- 1.1.Introduction -- 1.2.What is an economy? -- 1.3.Building blocks of an economy -- 1.4.Elasticities -- 1.5.Positive and normative economics -- 1.6.Mathematical tools -- 1.7.Summary -- Exercises -- References -- ch. 2 Scarcities and how they are priced -- 2.1.Introduction -- 2.2.The economy -- 2.3.Math review: Maximization of a function -- 2.4.Optimizing the economy -- 2.5.The theory of constrained optimization -- 2.6.Applying Lagrangian theory to the economy -- 2.7.Summary -- Exercises -- Reference -- pt. II The Demand Side of the Economy -- ch. 3 Utility and expenditures -- 3.1.Introduction -- 3.2.Utility functions -- 3.3.Revealed preferences -- 3.4.Demand and expenditure -- 3.5.CES functions -- 3.6.Quantities, prices, and the standard of living -- 3.7.Price indices -- 3.8.Summary -- Exercises -- References --
  • ch. 4 Demand: Income and substitution effects -- 4.1.Introduction -- 4.2.Compensated demand and Shephard's Lemma -- 4.3.Price effects on demand: The Slutsky equation -- 4.4.The Law of Demand for markets -- 4.5.Roy's Lemma -- 4.6.Intertemporal consumption: Savings -- 4.7.Demand for leisure time: Labor supply -- 4.8.Summary -- Exercises -- References -- ch. 5 Measuring consumer well-being -- 5.1.Introduction -- 5.2.Exact measures of price changes -- 5.3.Consumer surplus -- 5.4.Quasi-linear demand -- 5.5.Constant elasticity of substitution (CES) demand -- 5.6.Income changes -- 5.7.Aggregation -- 5.8.Summary -- Exercises -- References -- pt. III The Supply Side of the Economy -- ch. 6 Production analysis: Inputs, outputs, coefficients, and productivity -- 6.1.Introduction -- 6.2.Accounting for inputs and outputs -- 6.3.Productivity, profit, and value-added -- 6.4.National income and national product -- 6.5.Input-output analysis --
  • Contents note continued: 6.6.Total factor productivity -- 6.7.Technical change -- 6.8.Summary -- Exercises -- References -- ch. 7 Production functions -- 7.1.Introduction -- 7.2.Cobb-Douglas and Leontief functions -- 7.3.Derivation of the Cobb-Douglas function -- 7.4.Two-stage production and marginal rates of substitution -- 7.5.Returns to scale -- 7.6.Summary -- Exercises -- Appendix 7.A Derivation of the Cobb-Douglas function -- Appendix 7.B Proof of the Functional Separability Theorem -- References -- ch. 8 Supply and market power -- 8.1.Introduction -- 8.2.Cobb-Douglas supply and demand -- 8.3.The production possibility set -- 8.4.Returns to scale -- 8.5.The Law of Supply -- 8.6.Hotelling's Lemma -- 8.7.Production costs and input demand -- 8.8.Market power -- 8.9.Summary -- Exercises -- Reference -- pt. IV Building the Model of the Economy -- ch. 9 Equilibrium -- 9.1.Introduction -- 9.2.Homogeneity and Walras' Law -- 9.3.Determining equilibrium: The analytical approach --
  • Contents note continued: 9.4.Determining equilibrium: The graphical approach -- 9.5.The road to Negishi's method: The contract curve -- 9.6.Determining equilibrium: Negishi's method -- 9.7.General equilibrium analysis -- 9.8.Equilibrium analysis of production economies -- 9.9.Alternative utility and production functions in the general equilibrium model -- 9.10.Summary -- Exercises -- Appendix 9.A Exchange Economies: Equilibrium Existence -- Appendix 9.B Production Economies: Equilibrium Existence -- References -- ch. 10 Efficiency theory -- 10.1.Introduction -- 10.2.The First Welfare Theorem -- 10.3.The Second Welfare Theorem -- 10.4.Distinguishing between efficiency and inefficiency -- 10.5.How to determine inefficiency -- 10.6.Measuring inefficiency -- 10.7.Inefficiency in small, open economies -- 10.8.Summary -- Exercises -- Reference -- pt. V Putting the Model to Use -- ch. 11 Measuring economic performance -- 11.1.Introduction --
  • Contents note continued: 11.2.Measuring performance by tracking consumption -- 11.3.Analyzing dynamic efficiency -- 11.4.Analyzing static efficiency -- 11.5.Consumer surplus and market power -- 11.6.Summary -- Exercises -- References -- ch. 12 Market forms and competition policy -- 12.1.Introduction -- 12.2.Sustainable and supportable prices -- 12.3.Ramsey prices -- 12.4.The Weak Invisible Hand Theorem -- 12.5.Limit prices -- 12.6.Measuring efficiency -- 12.7.Measuring the efficiency of an industrial organization -- 12.8.Efficiency and prices -- 12.9.Summary -- Exercises -- References -- ch. 13 Public economics -- 13.1.Introduction -- 13.2.Public goods -- 13.3.Lindahl prices -- 13.4.Ramsey taxes -- 13.5.Club goods -- 13.6.Externalities -- 13.7.Environmental economics -- 13.8.Measuring inequality -- 13.9.Summary -- Exercises -- References -- pt. VI Market Imperfections -- ch. 14 Game theory and the new industrial organization -- 14.1.Introduction --
  • Contents note continued: 14.2.Games and strategies: Best responses -- 14.3.Price games -- 14.4.Quantity games -- 14.5.The new industrial organization -- 14.6.Bimatrix games -- 14.7.Randomized strategies -- 14.8.Nash equilibrium analysis -- 14.9.Constant-sum games -- 14.10.Summary -- Exercises -- References -- ch. 15 Analyzing uncertainty and missing information -- 15.1.Introduction -- 15.2.Modeling uncertainty -- 15.3.Expected utility theory -- 15.4.Risk analysis -- 15.5.Contingencies analysis -- 15.6.Insurance -- 15.7.Fixed wages vs. bonuses -- 15.8.Summary -- Exercises -- References -- ch. 16 Search, transaction, and switching costs -- 16.1.Introduction -- 16.2.Searching: Analyzing costs vs. benefits -- 16.3.Transaction costs -- 16.4.Switching costs -- 16.5.Summary -- Exercises -- Appendix 16.A Differentiating the integral in the expected utility expression with respect to the number of searches -- References
Control code
FIEb17326849
Dimensions
25 cm.
Extent
xx, 348 pages
Form of item
regular print reproduction
Isbn
9780230201125
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)841521527
Label
Microeconomics : equilibrium and efficiency, Thijs ten Raa
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
  • pt. I Economic Principles -- ch. 1 Economic building blocks and the importance of elasticities -- 1.1.Introduction -- 1.2.What is an economy? -- 1.3.Building blocks of an economy -- 1.4.Elasticities -- 1.5.Positive and normative economics -- 1.6.Mathematical tools -- 1.7.Summary -- Exercises -- References -- ch. 2 Scarcities and how they are priced -- 2.1.Introduction -- 2.2.The economy -- 2.3.Math review: Maximization of a function -- 2.4.Optimizing the economy -- 2.5.The theory of constrained optimization -- 2.6.Applying Lagrangian theory to the economy -- 2.7.Summary -- Exercises -- Reference -- pt. II The Demand Side of the Economy -- ch. 3 Utility and expenditures -- 3.1.Introduction -- 3.2.Utility functions -- 3.3.Revealed preferences -- 3.4.Demand and expenditure -- 3.5.CES functions -- 3.6.Quantities, prices, and the standard of living -- 3.7.Price indices -- 3.8.Summary -- Exercises -- References --
  • ch. 4 Demand: Income and substitution effects -- 4.1.Introduction -- 4.2.Compensated demand and Shephard's Lemma -- 4.3.Price effects on demand: The Slutsky equation -- 4.4.The Law of Demand for markets -- 4.5.Roy's Lemma -- 4.6.Intertemporal consumption: Savings -- 4.7.Demand for leisure time: Labor supply -- 4.8.Summary -- Exercises -- References -- ch. 5 Measuring consumer well-being -- 5.1.Introduction -- 5.2.Exact measures of price changes -- 5.3.Consumer surplus -- 5.4.Quasi-linear demand -- 5.5.Constant elasticity of substitution (CES) demand -- 5.6.Income changes -- 5.7.Aggregation -- 5.8.Summary -- Exercises -- References -- pt. III The Supply Side of the Economy -- ch. 6 Production analysis: Inputs, outputs, coefficients, and productivity -- 6.1.Introduction -- 6.2.Accounting for inputs and outputs -- 6.3.Productivity, profit, and value-added -- 6.4.National income and national product -- 6.5.Input-output analysis --
  • Contents note continued: 6.6.Total factor productivity -- 6.7.Technical change -- 6.8.Summary -- Exercises -- References -- ch. 7 Production functions -- 7.1.Introduction -- 7.2.Cobb-Douglas and Leontief functions -- 7.3.Derivation of the Cobb-Douglas function -- 7.4.Two-stage production and marginal rates of substitution -- 7.5.Returns to scale -- 7.6.Summary -- Exercises -- Appendix 7.A Derivation of the Cobb-Douglas function -- Appendix 7.B Proof of the Functional Separability Theorem -- References -- ch. 8 Supply and market power -- 8.1.Introduction -- 8.2.Cobb-Douglas supply and demand -- 8.3.The production possibility set -- 8.4.Returns to scale -- 8.5.The Law of Supply -- 8.6.Hotelling's Lemma -- 8.7.Production costs and input demand -- 8.8.Market power -- 8.9.Summary -- Exercises -- Reference -- pt. IV Building the Model of the Economy -- ch. 9 Equilibrium -- 9.1.Introduction -- 9.2.Homogeneity and Walras' Law -- 9.3.Determining equilibrium: The analytical approach --
  • Contents note continued: 9.4.Determining equilibrium: The graphical approach -- 9.5.The road to Negishi's method: The contract curve -- 9.6.Determining equilibrium: Negishi's method -- 9.7.General equilibrium analysis -- 9.8.Equilibrium analysis of production economies -- 9.9.Alternative utility and production functions in the general equilibrium model -- 9.10.Summary -- Exercises -- Appendix 9.A Exchange Economies: Equilibrium Existence -- Appendix 9.B Production Economies: Equilibrium Existence -- References -- ch. 10 Efficiency theory -- 10.1.Introduction -- 10.2.The First Welfare Theorem -- 10.3.The Second Welfare Theorem -- 10.4.Distinguishing between efficiency and inefficiency -- 10.5.How to determine inefficiency -- 10.6.Measuring inefficiency -- 10.7.Inefficiency in small, open economies -- 10.8.Summary -- Exercises -- Reference -- pt. V Putting the Model to Use -- ch. 11 Measuring economic performance -- 11.1.Introduction --
  • Contents note continued: 11.2.Measuring performance by tracking consumption -- 11.3.Analyzing dynamic efficiency -- 11.4.Analyzing static efficiency -- 11.5.Consumer surplus and market power -- 11.6.Summary -- Exercises -- References -- ch. 12 Market forms and competition policy -- 12.1.Introduction -- 12.2.Sustainable and supportable prices -- 12.3.Ramsey prices -- 12.4.The Weak Invisible Hand Theorem -- 12.5.Limit prices -- 12.6.Measuring efficiency -- 12.7.Measuring the efficiency of an industrial organization -- 12.8.Efficiency and prices -- 12.9.Summary -- Exercises -- References -- ch. 13 Public economics -- 13.1.Introduction -- 13.2.Public goods -- 13.3.Lindahl prices -- 13.4.Ramsey taxes -- 13.5.Club goods -- 13.6.Externalities -- 13.7.Environmental economics -- 13.8.Measuring inequality -- 13.9.Summary -- Exercises -- References -- pt. VI Market Imperfections -- ch. 14 Game theory and the new industrial organization -- 14.1.Introduction --
  • Contents note continued: 14.2.Games and strategies: Best responses -- 14.3.Price games -- 14.4.Quantity games -- 14.5.The new industrial organization -- 14.6.Bimatrix games -- 14.7.Randomized strategies -- 14.8.Nash equilibrium analysis -- 14.9.Constant-sum games -- 14.10.Summary -- Exercises -- References -- ch. 15 Analyzing uncertainty and missing information -- 15.1.Introduction -- 15.2.Modeling uncertainty -- 15.3.Expected utility theory -- 15.4.Risk analysis -- 15.5.Contingencies analysis -- 15.6.Insurance -- 15.7.Fixed wages vs. bonuses -- 15.8.Summary -- Exercises -- References -- ch. 16 Search, transaction, and switching costs -- 16.1.Introduction -- 16.2.Searching: Analyzing costs vs. benefits -- 16.3.Transaction costs -- 16.4.Switching costs -- 16.5.Summary -- Exercises -- Appendix 16.A Differentiating the integral in the expected utility expression with respect to the number of searches -- References
Control code
FIEb17326849
Dimensions
25 cm.
Extent
xx, 348 pages
Form of item
regular print reproduction
Isbn
9780230201125
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)841521527

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