Microeconomic theory and applications /

Browning, Edgar K.

Microeconomic theory and applications / Edgar K. Browning and Jacquelene M. Browning - Third Edition - Glenview, Illinois : Scott, Foresman and Company, c1989 - 637 pages : color illustrations ; 25 cm.

Includes index.

1. Microeconomic and Market Analysis -- 2. The Theory of Consumer Choice -- 3. Individual and market Demand -- 4. Using Consumer Choice Theory -- 5. Exchange, Efficiency, and Prices -- 6. Production -- 7. The Cost of Production -- 8. Profit Maximization and the Competitive Firm -- 9. The Competitive Industry -- 10. Using the Competitive Model -- 11. Monopoly -- 12. Using Monopoly Theory -- 13. Monopolistic Competition and oligopoly -- 14. employment and Pricing of Inputs -- 15. Wages, Rent, Interest, and Profit -- 16. Using Input market Analysis -- 17. General Equilibrium Analysis -- 18. Welfare Economics -- 19. Public Goods and Externalities.

The study of how markets operate is the cornerstone of microeconomics theory, and understanding how markets operate is essential to understanding how our economic system functions. Beyond developing a coherent view of economic reality, microeconomics provides techniques that increasingly play roles in both public policy formulation and private decision making.

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MICROECONOMICS

HB 172 .B76 1989