Microeconomics: A Modern Approach
Author: Andrew Schotter
Economics is a living science--and you can make a contribution. Dr. Schotter's new MICROECONOMICS: A MODERN APPROACH shows you how to go beyond studying theory and effectively apply what you learn to your future studies, career, and life. Professor Schotter believes the future of teaching microeconomics will be heavily connected with the use of experimental tools. As a result, MICROECONOMICS is built on an experimental economics framework that emphasizes game theory, strategic analysis, and organization of the firm, without skimping on traditional topics like consumer choice, production and markets. Each chapter and section builds upon a unifying theme of how economic institutions develop to solve problems that arise in a society. Concepts are presented within the context of a society that starts out in a primitive state of nature and gradually develops the characteristics and institutions of a modern economy. Illustrating various points of view, the text also helps you sharpen your critical thinking skills as it presents theories as well as their deficiencies. Applying intermediate economics to everyday life, MICROECONOMICS: A MODERN APPROACH is a text that will further your core foundation for studying economics.
Table of Contents:
| Detailed Contents | ||
| List of Examples and Consulting Reports | ||
| Preface | ||
| Ch. 1 | Economics and Institutions: A Shift of Emphasis | 1 |
| Ch. 2 | Consumers and Their Preferences | 18 |
| Ch. 3 | Demand and Behavior In Markets | 59 |
| Ch. 4 | The Problem of Exchange | 112 |
| Ch. 5 | The Discovery of Production and Its Technology | 142 |
| Ch. 6 | Cost and Choice | 169 |
| Ch. 7 | Game Theory and the Tools of Strategic Business Analysis | 204 |
| Ch. 8 | The Internal Organization of the Firm | 248 |
| Ch. 9 | The Age of Entrepreneurship: Monopoly | 267 |
| Ch. 10 | Natural Monopoly and the Economics of Regulation | 292 |
| Ch. 11 | The World of Oligopoly: Preliminaries to Successful Entry | 326 |
| Ch. 12 | Market Entry and the Emergence of Perfect Competition | 362 |
| Ch. 13 | Perfectly Competitive Markets | 390 |
| Ch. 14 | Uncertainty and the Emergence of Insurance | 430 |
| Ch. 15 | General Equilibrium and the Origins of the Free-Market and Interventionist Ideologies | 462 |
| Ch. 16 | Moral Hazard and Adverse Selection: Informational Market Failures | 484 |
| Ch. 17 | Externalities: The Free Market-Interventionist Battle Continues | 507 |
| Ch. 18 | Public Goods, the Consequences of Strategic Voting Behavior, and the Role of Government | 531 |
| Ch. 19 | Input Markets and the Origins of Class Conflict | 566 |
| Answers to Selected Exercises and Problems | 599 | |
| Index | 623 |
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Consuming the Caribbean: From Arwaks to Zombies
Author: Mimi Sheller
From sugar to indentured laborers, tobacco to reggae music, Europe and North America have been relentlessly consuming the Caribbean and its assets for the past five hundred years. In this fascinating book, Mimi Sheller explores this troublesome history, investigating the complex mobilities of producers and consumers as well as material and cultural commodities consumed by tourists and outside settlers everything from sugar and coffee to slave labor and domestic servers to native music and natural resources.
Consuming the Caribbean demonstrates how colonial exploitation of the Caribbean led directly to contemporary forms of consumption of the region and its products, aiming to trouble innocent indulgence in the pleasures of thoughtless consumption. This book is sure to change anyone's opinion of this tropical paradise.
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