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Microeconomics: A Modern Approach, 3/E
Andrew R. Schotter, New York University

ISBN-10: 0321077474
ISBN-13:  9780321077479

Publisher:  Prentice Hall
Copyright:  2001
Format:  Cloth; 752 pp
Published:  08/02/2000
Status: Out of Print


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Description

A fresh, modern approach to intermediate economics, this book breaks with tradition in a number of innovative ways. The author uses a game-theoretical and experimental point of view and presents an unfolding theme that provides a cohesive framework for the theory. In an effort to develop students' critical thinking, he asks them to question the theory they are learning and presents them with unsolved problems and unanswered questions in microeconomic theory to motivate the subject and make it real.


Features

  • NEW - <F75BS>NEW! An abundance (over 100) of solved problems provides a greater working knowledge of the material and helps students with homework assignments. Pg.___
  • NEW - <F75BS>NEW! An increased use of experimental economics lends empirical support to the theory, encourages critical thinking, and illuminates some difficult theoretical issues. Pg.___
  • Early introduction of game theory and its consistent use throughout the rest of the book enhance the book's modern approach. Pg.___
  • The author provides a cohesive narrative that ties all the chapters together. Pg.___
  • Innovative presentation of business strategy, especially the treatment of competitive markets, makes the text of interest to business schools. Pg.___


Table of Contents

(All chapters, except Chapter 1, contain Exercises and Problems.)

1. Economics and Institutions: A Shift of Emphasis.


2. Consumers and Their Preferences.


3. Demand and Behavior in Markets.

Appendix A: The Demand Curve.

Appendix B: The Expenditure Function.

Appendix C: Price-Compensating Variations.



4. The Problem of Exchange.

Appendix A: The Shrinking of the Core.

Appendix B: Pareto Optima and the Contract Curve.

Appendix C: Competitive Equilibrium and Pareto Optimality.



5. The Discovery of Production and Its Technology.

Appendix A: The Production Function.



6. Cost and Choice.

Appendix A: The Cost Function.



7. Game Theory and the Tools of Strategic Business Analysis.

Appendix A: Games of Incomplete Information.

Appendix B: Repeated Games.



8. The Internal Organization of the Firm.


9. The Age of Entrepreneurship: Monopoly.

Appendix A: The Monopoly Problem.

Appendix B: Price Discrimination.



10. Natural Monopoly and the Economics of Regulation.

Appendix A: The Allocation of Common Costs: Cross-Subsidization.

Appendix B: Franchise Monopoly.



11. The World of Oligopoly: Preliminaries to Successful Entry.

Appendix A: Nash Equilibrium in Duopoly.

Appendix B: Implicit Collusion and Repeated Games.



12. Market Entry and the Emergence of Perfect Competition.

Appendix A: Incomplete Information and Entry Prevention.



13. Perfectly Competitive Markets.

Appendix A: Two Welfare Propositions.



14. Uncertainty and the Emergence of Insurance.


15. General Equilibrium and the Origins of the Free-Market and Interventionist Ideologies.


16. Moral Hazard and Adverse Selection: Informational Market Failures.


17. Externalities: The Free Market—Interventionalist Battle Continues.

Appendix A: Excess Production Under Externalities.



18. Public Goods, the Consequences of Strategic Voting Behavior, and the Role of Government.


19. Input Markets and the Origins of Class Conflict.


Answers to Selected Exercises and Problems.


Index.



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Blackboard, 3/E
Schotter
©2001  |  On-line Supplement  |  Version 5.0.2  |  Access Code Required  |  Live
ISBN-10: 0201749866  |  ISBN-13: 9780201749861
 |  Students, buy access Instructors, request content (at no cost)  |  More Info

CourseCompass, 3/E
Schotter
©2001  |  On-line Supplement  |  Access Code Required  |  Live
ISBN-10: 0201749874  |  ISBN-13: 9780201749878
 |  Students, buy access Take a Tour  |  More Info

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Print this content

In this section:

Blackboard, 3/E
Schotter
©2001  |  On-line Supplement  |  Version 5.0.2  |  Access Code Required  |  Live
ISBN-10: 0201749866  |  ISBN-13: 9780201749861
 |  Students, buy access Instructors, request content (at no cost)  |  More Info

CourseCompass, 3/E
Schotter
©2001  |  On-line Supplement  |  Access Code Required  |  Live
ISBN-10: 0201749874  |  ISBN-13: 9780201749878
 |  Students, buy access Take a Tour  |  More Info

Back to top


Websites and online courses

Blackboard, 3/E
Schotter
©2001  |  On-line Supplement  |  Version 5.0.2  |  Access Code Required  |  Live
ISBN-10: 0201749866  |  ISBN-13: 9780201749861
 |  Students, buy access More Info

CourseCompass, 3/E
Schotter
©2001  |  On-line Supplement  |  Access Code Required  |  Live
ISBN-10: 0201749874  |  ISBN-13: 9780201749878
 |  Students, buy access More Info


Websites and Online Courses

Blackboard, 3/E
Schotter
©2001  |  On-line Supplement  |  Version 5.0.2  |  Access Code Required  |  Live
ISBN-10: 0201749866  |  ISBN-13: 9780201749861
 |  Students, buy access Instructors, request content (at no cost)  |  More Info

CourseCompass, 3/E
Schotter
©2001  |  On-line Supplement  |  Access Code Required  |  Live
ISBN-10: 0201749874  |  ISBN-13: 9780201749878
 |  Students, buy access Take a Tour  |  More Info

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