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Essentials of Microeconomics - Bonnie Nguyen

Essentials of Microeconomics

Paperback Published: 16th July 2015
ISBN: 9781138891364
Number Of Pages: 252

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Essentials of Microeconomics is an excellent introduction to microeconomics. It presents the basic tools of microeconomics clearly and concisely. The book presents a vigorous treatment of all relevant introductory microeconomic concepts. The book also emphasizes on modern economics - game theory and imperfect markets. Each chapter is self-contained and includes the required key mathematical skills at the start.

This book is ideal not only for introductory microeconomics course, but its level of analysis also makes the book appropriate for introductory level economics taught at postgraduate level. With the emphasis on strategy, this text is also well suited for use in business economics course.

Industry Reviews

"Nguyen and Wait have written a clear and accessible introduction to modern microeconomics. The exposition of marginal effects and of game theory should be especially helpful to students concerned about their math background but keen to master economics. A welcome feature is the chapter on international trade, an application of microeconomics too often omitted from inward-oriented texts but essential in our globalized world." -Richard Pomfret, Professor of Economics, University of Adelaide, Australia

"The past 2 decades have seen principles classes in economics shift to emphasising narrow anecdotes while in industry the combination of a core set of technical microeconomics tools and big data have have been revolutionising areas like auction design, strategy, bargaining and marketing. Nguyen and Wait's new textbook rejects anecdotes in favour of developing the key practical areas of microeconomic theory with just enough technical detail to prepare students to bring the theory to data in their careers. A textbook for a new generation of business focused economics students planning on actually using economics." -Kieron Meagher, Professor of Economics, Australian National University, Australia

"Essentials of Microeconomics, by Bonnie Nguyen and Andrew Wait, prepares students with introductory chapters, and not appendices, for quantitative analysis appropriate for a rigorous yet accessible course in microeconomics principles. After discussing basic economic tools in Chapter One, e.g., marginal analysis and ceteris paribus, the authors explain mathematical tools in Chapter Two, e.g. simultaneous equations and differentiation, and strategic tools in Chapter Three., i.e., game theory models. They present the mathematical and strategic tools in a straightforward and engaging manner, which should motivate students to review or learn the material. As a result, the students may better grasp and retain core microeconomic concepts by using this textbook compared with other textbooks that treat the tools as less integral to learning the microeconomic concepts." - William Rieber, Professor of Economics, College of Business, Butler University, U.S.A.

"Nguyen and Wait's Essentials of Microeconomics is really covering the essentials of the discipline. All concepts are explained clearly, in plain language and with no frills. These features, however, do not compromise rigor of the content. This book can be a great resource for the complete beginners and a useful refresher for the more experienced students." -Carlo Reggiani, Lecturer in Microeconomics, University of Manchester, U.K.

"The authors have done a great job explaining complex materials." - Shahina Amin, Associate Professor Department of Economics, University of Northern Iowa, U.S.A.

Part 1: Key Concepts and Tools
1. Key Economic Concepts
2. Key Mathematical Tools
3. Key Strategic Tools
Part 2: Gains from Trade
4. Trade and the PPF
5. Bargaining
Part 3: Market Fundamentals
6. Demand
7. Production and Costs
8. Supply
9. Equilibrium and Welfare
10. Elasticity
Part 4: Types of Markets
11. Introduction to Markets
12. Perfect Competition
13.Monopoly
14. Monopolistic Competition
15. Oligopoly
Part 5: Market Failures
16. Price Regulation, Taxes and Subsidies
17. Externalities
18. Public Goods and Common Resources
19. The Theory of Second Best
Part 6: International Trade
20. International Trade
Part 7: Review
21. Questions & Answers

ISBN: 9781138891364
ISBN-10: 1138891363
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 252
Published: 16th July 2015
Country of Publication: GB
Dimensions (cm): 24.38 x 17.27  x 1.52
Weight (kg): 0.54

Earn 188 Qantas Points
on this Book