Microeconomics plus MyEconLab XL 12 months access: International Edition, 7/E
Autor Robert Pindyck, Daniel Rubinfeld, Pearson Educationen Limba Engleză Mixed media product – 5 mai 2010
For undergraduate and graduate economics majors who are enrolled in an Intermediate Microeconomics course.
A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making.
A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making.
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Specificații
ISBN-13: 9781408262863
ISBN-10: 140826286X
Greutate: 1.41 kg
Ediția:1
Editura: Pearson Education
Colecția Pearson Education
Locul publicării:Harlow, United Kingdom
ISBN-10: 140826286X
Greutate: 1.41 kg
Ediția:1
Editura: Pearson Education
Colecția Pearson Education
Locul publicării:Harlow, United Kingdom
Cuprins
Part I. Introduction: Markets and Prices
Chapter 1. Preliminaries
Chapter 2. The Basics of Supply and Demand
Part II. Producers, Consumers, and Competitive Markets
Chapter 3. Consumer Behavior
Chapter 4. Individual and Market Demand
Chapter 5. Uncertainty and Consumer Behavior
Chapter 6. Production
Chapter 7. The Cost of Production
Chapter 8. Profit Maximization and Competitive Supply
Chapter 9. The Analysis of Competitive Markets
Part III. Market Structure and Competitive Strategy
Chapter 10. Market Power: Monopoly and Monopsony
Chapter 11. Pricing with Market Power
Chapter 12. Monopolistic Competition and Oligopoly
Chapter 13. Game Theory and Competitive Strategy
Chapter 14. Markets for Factor Inputs
Chapter 15. Investment, Time, and Capital Markets
Part IV.Information, Market Failure, and the Role of Government
Chapter 16. General Equilibrium and Economic Efficiency
Chapter 17. Markets with Asymmetric Information
Chapter 18. Externalities and Public Goods
Appendix: The Basics of Regression
Glossary
Answers to Selected Exercises
Photo Credits
Index
Chapter 1. Preliminaries
Chapter 2. The Basics of Supply and Demand
Part II. Producers, Consumers, and Competitive Markets
Chapter 3. Consumer Behavior
Chapter 4. Individual and Market Demand
Chapter 5. Uncertainty and Consumer Behavior
Chapter 6. Production
Chapter 7. The Cost of Production
Chapter 8. Profit Maximization and Competitive Supply
Chapter 9. The Analysis of Competitive Markets
Part III. Market Structure and Competitive Strategy
Chapter 10. Market Power: Monopoly and Monopsony
Chapter 11. Pricing with Market Power
Chapter 12. Monopolistic Competition and Oligopoly
Chapter 13. Game Theory and Competitive Strategy
Chapter 14. Markets for Factor Inputs
Chapter 15. Investment, Time, and Capital Markets
Part IV.Information, Market Failure, and the Role of Government
Chapter 16. General Equilibrium and Economic Efficiency
Chapter 17. Markets with Asymmetric Information
Chapter 18. Externalities and Public Goods
Appendix: The Basics of Regression
Glossary
Answers to Selected Exercises
Photo Credits
Index
Caracteristici
For undergraduate and graduate economics majors who are enrolled in an Intermediate Microeconomics course.
A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making.
An Applied Approach To Micro
This text incorporates over 100 real-world examples into the flow of the text, rather than as segregated boxed features, which highlight the application of microeconomics to real managerial and public policy decisions. Many new examples have been added to the new edition, including:
Key terms are defined in margins throughout the book and in the glossary. Concept links are also in margins to promote awareness of an idea previously introduced in the text.
OTHER TOPICS OF DISTINCTION
Enrichments
Chapter 5 contains new and updated material on behavioral economics. New material on alternative forms of organizations has also been included in Chapter 8. Some topics include:
· Alternative forms of organization and the definition of cooperative.
· Return to working assumption of profit maximization.
· Total cost and relation with variable cost example.
Expanded Chapters
Chapter 18 on Externalities and Public Good has been expanded to cover more updated treatment of environmental economics, a very hot topic now in this course. In addition, the author has clarified externalities and added a new section on stock externalities including the kind that arise from greenhouse gases and global warming. An example of pollution control in China has also been added.
Production and Cost
The core material on production and cost in Chapters 6,7,8 has been updated and improved including the math appendix in Chapter 7.
This text is available for personalization in the PHCBR custom database program. Select only the chapters you require or supplement with recommended case studies all under one cover. CLICK HERE to go directly to the PHCBR book-build site or visit our product page for additional information at pearsoncustom.com/business.
A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making.
An Applied Approach To Micro
This text incorporates over 100 real-world examples into the flow of the text, rather than as segregated boxed features, which highlight the application of microeconomics to real managerial and public policy decisions. Many new examples have been added to the new edition, including:
- Condominiums versus Cooperatives in New York City; Chapter 8 (Ex. 8.1)
- Trading Tasks and ipod Production; Chapter 16 (Ex 16.2)
- Reducing Sulfur Dioxide Emissions in Beijing, China; Chapter 18 (Ex. 18.2)
Key terms are defined in margins throughout the book and in the glossary. Concept links are also in margins to promote awareness of an idea previously introduced in the text.
OTHER TOPICS OF DISTINCTION
Enrichments
Chapter 5 contains new and updated material on behavioral economics. New material on alternative forms of organizations has also been included in Chapter 8. Some topics include:
· Alternative forms of organization and the definition of cooperative.
· Return to working assumption of profit maximization.
· Total cost and relation with variable cost example.
Expanded Chapters
Chapter 18 on Externalities and Public Good has been expanded to cover more updated treatment of environmental economics, a very hot topic now in this course. In addition, the author has clarified externalities and added a new section on stock externalities including the kind that arise from greenhouse gases and global warming. An example of pollution control in China has also been added.
Production and Cost
The core material on production and cost in Chapters 6,7,8 has been updated and improved including the math appendix in Chapter 7.
This text is available for personalization in the PHCBR custom database program. Select only the chapters you require or supplement with recommended case studies all under one cover. CLICK HERE to go directly to the PHCBR book-build site or visit our product page for additional information at pearsoncustom.com/business.
Caracteristici noi
For undergraduate and graduate economics majors who are enrolled in an Intermediate Microeconomics course.
A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making.
An Applied Approach To Micro
This text incorporates over 100 real-world examples into the flow of the text, rather than as segregated boxed features, which highlight the application of microeconomics to real managerial and public policy decisions. Many new examples have been added to the new edition, including:
Enrichments
Chapter 5 contains new and updated material on behavioral economics. New material on alternative forms of organizations has also been included in Chapter 8. Some topics include:
· Alternative forms of organization and the definition of cooperative.
· Return to working assumption of profit maximization.
· Total cost and relation with variable cost example.
Expanded Chapters
Chapter 18 on Externalities and Public Good has been expanded to cover more updated treatment of environmental economics, a very hot topic now in this course. In addition, the author has clarified externalities and added a new section on stock externalities including the kind that arise from greenhouse gases and global warming. An example of pollution control in China has also been added.
Production and Cost
The core material on production and cost in Chapters 6,7,8 has been updated and improved including the math appendix in Chapter 7.
Chapter By Chapter Changes
Chapter 1
v Updated information about CPI (Consumer Price Index) and PPI (Producer Price Index)
v Example 1.3 The Price of Eggs & The Price of a College Education (Updated)
v Example 1.4 The Minimum Wage (updated)
v Ford automotives response to gas inflation
Chapter 2
v Vacancy rate rise following 9/11
v Example 2.5 The Market For Wheat (Updated)
v Price elasticity shown through supply of wheat during dry period
v Figure 2.14 GDP and Investment in Durable Equipment
v Figure 2.15 Consumption of Durables versus Non-durables
v Example 2.7 The Weather in Brazil and Coffee (Updated)
v Global warming could eliminate coffee growing area and figure 2.17
v World copper market: Long Run Supply and Demand
v Example 2.8 The Behavior of Copper Prices (Updated).
v Figure 2.2 Copper Prices 1965-2007
v Copper prices fluctuation according to linear supply and demand curve
v Figure 2.21 Copper Supply and Demand, quantity
v Example 2.9 Upheaval in the World Oil Market (Updated)
v Figure 2.22 Price of Crude Oil
v Figure 2.23: Quantity (Billion Barrels/year)
v Example 2.10 Price Controls and Natural Gas Shortages (Updated)
v Figure 2.25 Price of Natural Gas
v Government hypothetical on gas supplied and quantity demanded
Chapter 3
v Example 3.2 Can Money Buy Happiness? (Updated)
v Figure 3.9: Income and Happiness
v Example: Marginal Utility and Happiness (Updated)
v Price Indexes in the United State: Chain Weighting
Chapter 4
v Example 4.1 Consumer Expenditures in the US (Updated)
v Table 4.1 Annual U.S. Household Consumer Expenditures
v Figure 4.5 Engel Curves for U.S. Consumers
v Example 4.2 The Effects of a Gasoline Tax (Updated)
v Figure 4.9 Effect of Gasoline Tax with a Rebate
v Example 4.3: The Aggregate Demand for Wheat (Updated)
v Example 4.4 The Demand for Housing (Updated)
v Table 4.4 Price and Income Elasticities of the Demand for Rooms
Chapter 5
v Example 5.6: Investing in the Stock Market (Updated)
v Figure 5.9 Dividend Yield and P/E Ratio for S&P 500
v Section 5.5: Behavioral Economics: Completely updated
Chapter 6
v Example 6.1 Malthus and The Food Crisis (Updated)
v Figure 6.3 Food Price Index vs. Cereal Yield
v Example 6.2 Labor Productivity and the Standard of Living (Updated)
v Table 6.3 Labor Productivity in Developed Countries
Chapter 7
v Explanations of shutting down and Fixed or Variable costs
v Fixed Versus Sunk Costs
v Cost Minimization Using Langarian Multipliers
v Cobb-Douglas production function
Chapter 8
v Alternative Forms of Organization, definition of cooperative
v Example 8.1 Condominiums versus Cooperatives in New York City (New)
v Return to working assumption of profit maximization
v Total cost and relation with variable cost example
v Example 8.5 The Short-Run World Supply of Copper (Updated)
Chapter 9
v Example 9.2 The Market for Human Kidneys (Updated)
v Supply of kidneys, Demand of kidneys, equation
v Figure 9.6 The Market for Kidneys
v Example 9.9: Airline Regulation (Updated)
v Example 9.5: Sugar Quota in 2005(Updated)
v Example 9.6: A Tax on Gasoline (Updated)
v Figure 9.2 Impact of $1 Gasoline Tax
Chapter 10
v Example 10.3: The Pricing of Videos (Updated)
v Table 10.2 example reference of uniform top-sellers
v Figure 10.9 Video Sales between 1990 and 1998
v Example 10.6: US vs Microsoft
v Lawsuits against Microsoft, antitrust case and anticompetitive practice
Chapter 11
v Table 11.3 Explanation, cellular rate plan structure
v Table 11.3 Cellular Rate Plans (2007)
Chapter 12
v Explanation of figure 12.8, price rigidiluctant to change.
v Figure 12.8 Prime Rate versus Corporate Bond Rate
v Lawsuits brought against the NCAA
Chapter 13
v Opponent’s point of view
v Tit-for-tat arguments and competition with rivals
v Wal-Mart’s dominance in retail
v Class-Action lawsuit against Sotheby and Christie’s auction house
Chapter 14
v Example 14.1: Demand for Jet Fuel (Updated)
v Bargaining Power, buyer or seller
v Figure 14.17, Union Workers as a Percentage of Total
Chapter 15
v Example 15.2: The Yields on Corporate Bonds (Updated)
v General Electric vs. Ford financial numbers
v Effective yield for GE vs. Ford
v Table 15.6, Salaries Before and After Business School
Chapter 16
v Example 16.1 The Global Market for Ethanol
v Figure 16.2a US Ethanol Prices, 16.2b Brazil Exports Tariff
v Social Welfare Function definition
v Example 16.2- Trading Tasks and ipod Production (NEW)
v Table 16.4 Different Tasks in ipod production
Chapter 17
v Insurance company, probability of having an accident
v Example 17.4: CEO Salaries (Updated)
v CEO compensation and salary determination
Chapter 18
v Example 18.1 The Costs and Benefits of Sulfur Dioxide Emissions (Updated)
v Figure 18.7 Sulfur Dioxide Emissions Reductions
v Example 18.2 Reducing Sulfur Dioxide Emissions in Beijing, China (NEW)
v Figure 18.8 Price of Tradeable Emissions Permits
v 18.3 Stock Externalities
v Stock Build up and It’s Impact
v Numerical Evidence and Table 18.1
v Calculating the NPV of a policy
v Table 18.2- NPV of “Zero Emissions” policy, Social rate of discount
v Example 18.5 Global Warming (New)
v GHG emissions and average global temperature change
v Table 3 — Reducing GHG Emissions
v Refer to example 18.5, pollution fact
A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making.
An Applied Approach To Micro
This text incorporates over 100 real-world examples into the flow of the text, rather than as segregated boxed features, which highlight the application of microeconomics to real managerial and public policy decisions. Many new examples have been added to the new edition, including:
- Condominiums versus Cooperatives in New York City; Chapter 8 (Ex. 8.1)
- Trading Tasks and ipod Production; Chapter 16 (Ex 16.2)
- Reducing Sulfur Dioxide Emissions in Beijing, China; Chapter 18 (Ex. 18.2)
Enrichments
Chapter 5 contains new and updated material on behavioral economics. New material on alternative forms of organizations has also been included in Chapter 8. Some topics include:
· Alternative forms of organization and the definition of cooperative.
· Return to working assumption of profit maximization.
· Total cost and relation with variable cost example.
Expanded Chapters
Chapter 18 on Externalities and Public Good has been expanded to cover more updated treatment of environmental economics, a very hot topic now in this course. In addition, the author has clarified externalities and added a new section on stock externalities including the kind that arise from greenhouse gases and global warming. An example of pollution control in China has also been added.
Production and Cost
The core material on production and cost in Chapters 6,7,8 has been updated and improved including the math appendix in Chapter 7.
Chapter By Chapter Changes
Chapter 1
v Updated information about CPI (Consumer Price Index) and PPI (Producer Price Index)
v Example 1.3 The Price of Eggs & The Price of a College Education (Updated)
v Example 1.4 The Minimum Wage (updated)
v Ford automotives response to gas inflation
Chapter 2
v Vacancy rate rise following 9/11
v Example 2.5 The Market For Wheat (Updated)
v Price elasticity shown through supply of wheat during dry period
v Figure 2.14 GDP and Investment in Durable Equipment
v Figure 2.15 Consumption of Durables versus Non-durables
v Example 2.7 The Weather in Brazil and Coffee (Updated)
v Global warming could eliminate coffee growing area and figure 2.17
v World copper market: Long Run Supply and Demand
v Example 2.8 The Behavior of Copper Prices (Updated).
v Figure 2.2 Copper Prices 1965-2007
v Copper prices fluctuation according to linear supply and demand curve
v Figure 2.21 Copper Supply and Demand, quantity
v Example 2.9 Upheaval in the World Oil Market (Updated)
v Figure 2.22 Price of Crude Oil
v Figure 2.23: Quantity (Billion Barrels/year)
v Example 2.10 Price Controls and Natural Gas Shortages (Updated)
v Figure 2.25 Price of Natural Gas
v Government hypothetical on gas supplied and quantity demanded
Chapter 3
v Example 3.2 Can Money Buy Happiness? (Updated)
v Figure 3.9: Income and Happiness
v Example: Marginal Utility and Happiness (Updated)
v Price Indexes in the United State: Chain Weighting
Chapter 4
v Example 4.1 Consumer Expenditures in the US (Updated)
v Table 4.1 Annual U.S. Household Consumer Expenditures
v Figure 4.5 Engel Curves for U.S. Consumers
v Example 4.2 The Effects of a Gasoline Tax (Updated)
v Figure 4.9 Effect of Gasoline Tax with a Rebate
v Example 4.3: The Aggregate Demand for Wheat (Updated)
v Example 4.4 The Demand for Housing (Updated)
v Table 4.4 Price and Income Elasticities of the Demand for Rooms
Chapter 5
v Example 5.6: Investing in the Stock Market (Updated)
v Figure 5.9 Dividend Yield and P/E Ratio for S&P 500
v Section 5.5: Behavioral Economics: Completely updated
Chapter 6
v Example 6.1 Malthus and The Food Crisis (Updated)
v Figure 6.3 Food Price Index vs. Cereal Yield
v Example 6.2 Labor Productivity and the Standard of Living (Updated)
v Table 6.3 Labor Productivity in Developed Countries
Chapter 7
v Explanations of shutting down and Fixed or Variable costs
v Fixed Versus Sunk Costs
v Cost Minimization Using Langarian Multipliers
v Cobb-Douglas production function
Chapter 8
v Alternative Forms of Organization, definition of cooperative
v Example 8.1 Condominiums versus Cooperatives in New York City (New)
v Return to working assumption of profit maximization
v Total cost and relation with variable cost example
v Example 8.5 The Short-Run World Supply of Copper (Updated)
Chapter 9
v Example 9.2 The Market for Human Kidneys (Updated)
v Supply of kidneys, Demand of kidneys, equation
v Figure 9.6 The Market for Kidneys
v Example 9.9: Airline Regulation (Updated)
v Example 9.5: Sugar Quota in 2005(Updated)
v Example 9.6: A Tax on Gasoline (Updated)
v Figure 9.2 Impact of $1 Gasoline Tax
Chapter 10
v Example 10.3: The Pricing of Videos (Updated)
v Table 10.2 example reference of uniform top-sellers
v Figure 10.9 Video Sales between 1990 and 1998
v Example 10.6: US vs Microsoft
v Lawsuits against Microsoft, antitrust case and anticompetitive practice
Chapter 11
v Table 11.3 Explanation, cellular rate plan structure
v Table 11.3 Cellular Rate Plans (2007)
Chapter 12
v Explanation of figure 12.8, price rigidiluctant to change.
v Figure 12.8 Prime Rate versus Corporate Bond Rate
v Lawsuits brought against the NCAA
Chapter 13
v Opponent’s point of view
v Tit-for-tat arguments and competition with rivals
v Wal-Mart’s dominance in retail
v Class-Action lawsuit against Sotheby and Christie’s auction house
Chapter 14
v Example 14.1: Demand for Jet Fuel (Updated)
v Bargaining Power, buyer or seller
v Figure 14.17, Union Workers as a Percentage of Total
Chapter 15
v Example 15.2: The Yields on Corporate Bonds (Updated)
v General Electric vs. Ford financial numbers
v Effective yield for GE vs. Ford
v Table 15.6, Salaries Before and After Business School
Chapter 16
v Example 16.1 The Global Market for Ethanol
v Figure 16.2a US Ethanol Prices, 16.2b Brazil Exports Tariff
v Social Welfare Function definition
v Example 16.2- Trading Tasks and ipod Production (NEW)
v Table 16.4 Different Tasks in ipod production
Chapter 17
v Insurance company, probability of having an accident
v Example 17.4: CEO Salaries (Updated)
v CEO compensation and salary determination
Chapter 18
v Example 18.1 The Costs and Benefits of Sulfur Dioxide Emissions (Updated)
v Figure 18.7 Sulfur Dioxide Emissions Reductions
v Example 18.2 Reducing Sulfur Dioxide Emissions in Beijing, China (NEW)
v Figure 18.8 Price of Tradeable Emissions Permits
v 18.3 Stock Externalities
v Stock Build up and It’s Impact
v Numerical Evidence and Table 18.1
v Calculating the NPV of a policy
v Table 18.2- NPV of “Zero Emissions” policy, Social rate of discount
v Example 18.5 Global Warming (New)
v GHG emissions and average global temperature change
v Table 3 — Reducing GHG Emissions
v Refer to example 18.5, pollution fact