Microeconomics: Optimization, Experiments, and Behavior

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Oxford University Press, 20/04/2006 - 352 páginas
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In this book, John P. Burkett presents microeconomics as an evolving science, interacting with mathematics, psychology, and other disciplines and offering solutions to a growing range of practical problems. The book shows how early contributors such as Xenophon, Ibn Khaldun, and David Hume posed the normative and positive questions central to microeconomics. It expounds constrained optimization techniques, as developed by economists and mathematicians from Daniel Bernoulli to Leonid Kantorovich, emphasizing their value in deriving norms of rational behavior and testable hypotheses about typical behavior. Applying these techniques, the book introduces partial equilibrium analysis of particular markets and general equilibrium analysis of market economies. The book both explains how laboratory and field experiments are used in testing economic hypotheses and provides materials for classroom experiments. It gives extensive and innovative coverage of recent findings in cognitive psychology and behavioral economics, which not only document behavior inconsistent with some traditional theories, but also advance positive theories with superior predictive power.
 

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Índice

1 The Origins and Scope of Microeconomics
1
2 Inputs Outputs and Costs
19
3 Cost Minimization Using Linear Programming
28
4 Production and Costs
44
5 The Production Decisions of Competitive Firms
60
6 Marginal Products and Factor Proportions
69
7 Comparative Advantage and Gains from Trade
75
8 Allocation of Factors in Competitive Markets
90
16 Economics of Time
194
17 Saving Behavior
200
18 Inconsistent Intertemporal Choice
207
19 Economics of Risk
214
20 Behavior in the Face of Risk
225
21 Game Theory and Modern Models of Oligopoly
241
22 Time Risk and Investment
251
23 Technological Change
257

9 Consumer Choice and Demand
99
10 Exchange and Product Assortment
116
11 Loss Aversion and Referencedependent Preferences
122
12 The Context and Framing of Choice
137
13 Labor Supply
146
14 Monopoly and Monopsony Power
155
Classic Models
180
24 Assets Investment and Financial Markets
270
25 Governments Roles in the Economy
278
Glossary
297
References
307
Index
321
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