By the author of "The Armchair Economist", this text aims to make intermediate microeconomics fun and intellectually challenging. The writing style provides a friendly presentation with many applications, combined with a careful development of microeconomics theory. All of the standard topics of intermediate price theory are included, as well as many topics, such as alternative normative criteria, efficient asset markets, contestable markets, antitrust law, human capital, demand for public goods, and more. A unifying theme of social welfare is used throughout. The inclusion of higher-level mathematics is minimal.
By the author of "The Armchair Economist", this text aims to make intermediate microeconomics fun and intellectually challenging. The writing style provides a friendly presentation with many applications, combined with a careful development of microeconomics theory. All of the standard topics of intermediate price theory are included, as well as many topics, such as alternative normative criteria, efficient asset markets, contestable markets, antitrust law, human capital, demand for public goods, and more. A unifying theme of social welfare is used throughout. The inclusion of higher-level mathematics is minimal.
Supply, demand, and equilibrium; prices, costs, and the gains from trade; the behaviour of consumers; consumers in the marketplace; the behaviour of firms; production and costs; competition; welfare economics and the gains from trade; knowledge and information; monopoly; market power, collusion, and oligopoly; the theory of games; external costs and benefits; common property and public goods; the demand for factors of production; the market for labour; allocating goods over time; risk and uncertainty; what is economics?
..".I am a great fan of Landsburg's excellent book and will
continue to use it....I like social welfare as a unifying concept
very much. Not only does it make intellectual sense, but it allows
one to talk about real world problems that students find
interesting. I also like treating a competitive market first and
then talking about leading causes of market failure. John P.
Conley, University of Illinois at Urbana-Champaign
The text is very clearly written and easy to read and follow.
Landsburg also provides some very interesting and entertaining
examples that will capture the attention of students. Carl Enomoto,
New Mexico State University
The Landsburg text is a good text: well thought out, clearly
written, straightforward, correct, in-depth. I like very much the
use of social welfare as a unifying concept....The extended
analysis of market failures, property rights, and rules of law is
excellent. Claire Hammond, Wake Forest University
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