
Microeconomics
Description
Reviews / Votes
'This is an ideal microeconomics textbook for students who have a solid grounding in micro at the intermediate level. It contains the first and only integrated treatment of general equilibrium and input-output analysis." - Marcus Berliant, Washington University in St. Louis, US 'Microeconomics: Equilibrium and Efficiency is written on the premise that students should be able to take microeconomic theory to the data. Professor ten Raa has succeeded in writing a lucid text that shows the wide applicability of standard theory and its normative implications for a more efficient organization of real world economies.' - Fred Schroyen, Norwegian School of Economics, Bergen, Norway 'This innovative text marries advanced neo-classical theories of general equilibrium with applied approaches to measurement of economic activity. It teaches students a valuable and solid foundation for applying economic insights to understand trade and economic policy in our global economy.' - Robert P. Gilles, Queen's University Management School, Belfast, UK 'Ten Raa's book markedly stands out among the usual micro textbooks. Coherent, well written, rigorous and sharp, with a clear focus, this book will give students an excellent sense for the nature and performance of the market economy.' - Joop Hartog, University of Amsterdam, the NetherlandsMore details
Other editions
Additional editions


Person
Content
PART I: ECONOMIC PRINCIPLES.- Economic Building Blocks and the Importance of Elasticities.- Scarcities and how they are Priced.- PART II: THE DEMAND SIDE OF THE ECONOMY.- Utility and Expenditures.- Demand: Income and Substitution Effects.- Measuring Consumer Well-being.- PART III: THE SUPPLY SIDE OF THE ECONOMY.- Production Analysis: Inputs, Outputs, Coefficients, and Productivity.- Production Functions.- Supply and Market Power.- PART IV: BUILDING THE MODEL OF THE ECONOMY.- Equilibrium.- Efficiency Theory.- PART V: PUTTING THE MODEL TO USE.- Measuring Economic Performance.- Market Forms and Competition Policy.- Public Economics.- PART VI: MARKET IMPERFECTIONS.- Game Theory and the New Industrial Organization.- Analyzing Uncertainty and Missing Information.- Search, Transaction, and Switching Costs.