Microeconomics Theory 6th Edition By Fergusion and Goulds

Publisher: ECONOMICS

Availability: In Stock
SKU: 25757

Rs.350.00

Rs.450.00

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"Microeconomics Theory 6th Edition by Ferguson and Gould offers a comprehensive exploration of microeconomic principles, emphasizing their application in contemporary economic analysis and decision-making."

Key Points:

1. Introduction to Microeconomic Theory Provides a foundational overview of microeconomic concepts such as supply, demand, and market equilibrium.

2. Consumer Behavior Analyzes how consumers make choices under constraints and preferences, including utility maximization theories.

3. Producer Theory Explores the behavior of firms in different market structures, from perfect competition to monopoly.

4. Market Structures Examines the characteristics and implications of various market structures on pricing and output decisions.

5. Market Failures and Externalities Discusses instances where markets fail to allocate resources efficiently, including public goods and externalities.

6. Game Theory Introduces strategic decision-making and its applications in economics, including Nash equilibrium and oligopoly behavior.

7. Welfare Economics Evaluates economic policies and interventions through the lens of efficiency and equity.

8. Information Economics Studies how information asymmetries influence market outcomes, with applications in insurance, auctions, and signaling.

9. Labor Economics Analyzes labor market dynamics, wage determination, and human capital accumulation.

10. International Trade and Finance Explores the principles of comparative advantage, trade policy, and the effects of globalization on economies.

Conclusion: Microeconomics Theory 6th Edition by Ferguson and Gould is an essential resource for students and practitioners alike, providing a rigorous yet accessible framework for understanding microeconomic phenomena and their real-world implications.

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