Microeconomics 9th Edition by Robert Pindyck

Publisher: ECONOMICS

Availability: In Stock
SKU: 32129
Number of Pages: 784

Rs.1,510.00

Rs.2,095.00

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Description

Microeconomics, 9th Edition by Robert Pindyck and Daniel Rubinfeld delves into the fundamental principles that govern individual economic behavior within markets. It offers a rigorous exploration of how consumers and firms make decisions in various economic scenarios, emphasizing the importance of understanding incentives, market structures, and policy implications in a modern economic context.

Key Points:

Consumer Behavior: The textbook explores how individuals make decisions regarding consumption, considering factors like preferences, budget constraints, and utility maximization.
Market Structures: It discusses different market types such as perfect competition, monopoly, oligopoly, and monopolistic competition, analyzing their implications for pricing and output decisions.
Cost and Production Analysis: Detailed coverage of cost functions, production technologies, and profit maximization strategies provides insights into firm behavior and market outcomes.
Policy Analysis: The book evaluates the impact of various economic policies, such as taxation, subsidies, and price controls, on market efficiency and welfare.
Game Theory Applications: Utilizing game theory, it examines strategic interactions among economic agents and their implications for decision-making in competitive and non-competitive markets.

Conclusion: In conclusion, Microeconomics, 9th Edition equips students and practitioners alike with a thorough understanding of microeconomic theory and its real-world applications, making it an indispensable resource for comprehending economic decision-making at the individual and firm level.

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