{"product_id":"microeconomics-a-simple-introduction-paperback","title":"Microeconomics: A Simple Introduction - Paperback","description":"\u003cp\u003eby \u003cb\u003eK. H. Erickson\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eMicroeconomics: A Simple Introduction offers an accessible guide to the central principles and ideas of microeconomics, with over 50 diagrams included to illustrate the analysis.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eUnderstand opportunity cost, diminishing returns, demand and supply, the market equilibrium, market failure, adverse selection and moral hazard. Learn how to calculate price and income elasticities.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eConsumer theory explores budget constraints, indifference curves, marginal rate of substitution, utility maximization, Hicks and Slutsky income and substitution effects, and Samuelson's revealed preference theory.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eFirm theory examines production factors, Cobb-Douglas and other production functions, returns to scale, isoquant curves, isocost lines, cost minimization, profit maximization, Lerner index, and differentiation to derive a marginal revenue curve.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003ePerfect competition, monopolistic competition, oligopoly, and monopoly are explained. Monopoly welfare effects are shown, with oligopoly models of kinked demand, cartels, dominant price leadership, Cournot and Bertrand.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eGame theory investigates duopoly and battle of the sexes games, assessing them with dominance and credible threats.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 112\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.23 x 8 x 5.25 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e January 16, 2014\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":47431781122226,"sku":"9781494482190","price":16.52,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0770\/3891\/1666\/files\/81da2a0cdf2d5a2555e380a286a7dfc2.webp?v=1778595402","url":"https:\/\/box.dadyminds.org\/products\/microeconomics-a-simple-introduction-paperback","provider":"DADYMINDS BOX","version":"1.0","type":"link"}