Taking a modern approach to teaching standard microeconomic theory, this text uses a number of carefully selected, real-life examples - both domestic and international - from today's headlines to help facilitate students' understanding of core economic concepts. All mathematical equations and calculations are addressed in "Maths Notepad" features as well as in occasional calculus references in selected appendices. The text brings the modern theory of the firm-transaction costs, the agency problem, search theory, asymmetric information, game theory and bilaterals contracting - into the standard discussion of firms and markets, while also incorporating results from finance literature on how markets adjust to risk and uncertainty, including the roles of futures and swap markets.
- ISBN10 0065005260
- ISBN13 9780065005264
- Publish Date March 1995
- Publish Status Out of Print
- Out of Print 30 October 2009
- Publish Country GB
- Publisher Pearson Education Limited
- Imprint Longman
- Format Hardcover
- Pages 720
- Language English