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Microeconomics - Equilibrium and Efficiency (Hardcover)
Loot Price: R6,856
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Microeconomics - Equilibrium and Efficiency (Hardcover)
Expected to ship within 12 - 17 working days
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"Microeconomics: Equilibrium and Efficiency" is an innovative
textbook that introduces microeconomic theory in an applied way,
making use of real-world empirical examples.
Key benefits:
- Concise and intuitive: students will not only become familiar
with the building blocks of the subject, but also gain a broad
understanding of microeconomic theory and models.
- Empirical, real-world examples: all economic concepts are
developed in a measurable way. Performance measures are derived and
applied to firms, industries, and national economies.
- Systemic approach: the economy is considered as a system, looking
at how its different parts interact, how prices are formed and how
markets are interconnected.
- Unique innovations: for example, general equilibrium theory is
introduced making use of Negishi's method - that is, equilibrium
analysis follows the techniques used in empirical models.
- Coverage of modern topics such as environmental economics,
information and optimal search, and the theory of inequality
measurement.
- End-of-chapter summaries and exercises, with answers in the
appendix.
Thijs ten Raa's unique approach bridges the gap between
microeconomic theory and applied economics, helping students
understand applied models that are used widely in industry,
economic planning, trade, and environmental studies. Written in a
lucid, clear and direct style, it is an ideal textbook for advanced
undergraduate and graduate students.
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