Prices and Quantities: Fundamentals of Microeconomics - Image 1

£79.37

Cambridge University Press Prices and Quantities: Fundamentals of Microeconomics

Name: Prices and Quantities: Fundamentals of Microeconomics
Brand: Cambridge University Press
Price: 73.46 GBP
Availability: InStock

Microeconomics

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Last 85 days • 85 data points (No recent data available)

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Price distribution over 85 days • 4 price levels

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Most common price: £79 (63 days, 74.1%)

Price range: £73 - £79

Price levels: 4 different prices over 85 days

Description

Rakesh V. Vohra offers a unique approach to studying and understanding intermediate microeconomics by reversing the conventional order of treatment, starting with topics that are mathematically simpler and progressing to the more complex. The book begins with monopoly, which requires single variable rather than multivariable calculus and allows students to focus clearly on the fundamental trade-off at the heart of economics: margin versus volume. Imperfect competition and the contrast with monopoly follows, introducing the notion of Nash equilibrium. Perfect competition is addressed toward the end of the book, and framed as a model of non-strategic behavior by firms and agents. The last chapter is devoted to externalities, with an emphasis on how one might design competitive markets to price externalities and linking the difficulties to the problem of efficient provision of public goods. Real-life examples engage the reader while encouraging them to think critically about the interplay between model and reality.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 1108488935
Category: Books > Subjects > Business, Finance & Law > Economics > Microeconomics
Domain: Amazon UK
Release Date: 20 February 2020
Listed Since: 04 September 2019

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Cambridge University Press Prices and Quantities: Fundamentals of Microeconomics

Price History & Forecast

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Price Analysis

Description

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