Microeconomics 3rd Edition by Austan Goolsbee

Publisher: ECONOMICS

Availability: In Stock
SKU: 48217
Number of Pages: 768

Rs.1,480.00

Rs.1,995.00

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Description

"Microeconomics, 3rd Edition" by Austan Goolsbee, Steven Levitt, and Chad Syverson is a comprehensive textbook that delves into the fundamental principles of microeconomic theory and its real-world applications. The authors, renowned economists and educators, present complex concepts in an accessible manner, integrating empirical data and examples to illustrate how microeconomics affects everyday life and business decisions. This edition covers a wide range of topics including consumer behavior, market structures, game theory, and public policy, making it an essential resource for students seeking to understand the intricacies of microeconomics and its practical implications.

Key Points:

Consumer Behavior: The book explores how individuals make decisions about resource allocation, consumption, and utility maximization, providing insights into demand theory and consumer choice.
Market Structures: Detailed analysis of different market forms, such as perfect competition, monopolies, and oligopolies, explaining how these structures impact pricing, output, and efficiency.
Game Theory: Introduction to strategic decision-making, covering concepts like Nash equilibrium, dominant strategies, and the role of incentives in competitive environments.
Public Policy: Examination of government interventions in the market, including taxation, subsidies, and regulation, and their effects on economic welfare and efficiency.
Empirical Data and Examples: Integration of real-world data and case studies to demonstrate the application of microeconomic theories and enhance the learning experience.

Conclusion:

"Microeconomics, 3rd Edition" by Austan Goolsbee, Steven Levitt, and Chad Syverson is a valuable educational tool that combines theoretical rigor with practical application. By covering essential topics in consumer behavior, market structures, game theory, and public policy, the book equips students with a solid foundation in microeconomics and an understanding of its relevance to real-world economic issues. The use of empirical data and examples further enriches the learning process, making this edition a comprehensive guide for both students and educators in the field of economics.

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Writer ✤ Austan Goolsbee Steven Levitt , Chad Syverson

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