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Microeconomics William Baumol (New York University)

Microeconomics By William Baumol (New York University)

Microeconomics by William Baumol (New York University)

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Microeconomics Summary

Microeconomics: Principles & Policy by William Baumol (New York University)

Master today's principles of microeconomics and gain an understanding of current economic issues with the solid introduction and policy-based examples and applications found in Baumol/Blinder/Solow's MICROECONOMICS: PRINCIPLES AND POLICY, 14E. Written by several of today's most respected economists, this book is one of the most up-to-date microeconomics texts on the market -- incorporating data and issues as recent as 2018. The authors combine the right level of rigor and detail to clarify even the most complicated microeconomic concepts. An entirely new chapter closes the book by delving into some of the most important issues confronting the U.S. economy today. Throughout this edition, well-developed examples, intriguing puzzles and meaningful microeconomic issues provide an excellent balance of theory to application while keeping you engaged and intrigued.

About William Baumol (New York University)

William J. Baumol received his B.S.S. at the College of the City of New York and his Ph.D. at the University of London. He was professor of economics at New York University and senior research economist and professor emeritus at Princeton University. He was a frequent management consultant to major firms in a wide variety of industries in the United States and other countries as well as to a number of governmental agencies. He was former president of the American Economic Association and three other professional societies. Dr. Baumol served as an elected member of the National Academy of Sciences, created by the U.S. Congress, as well as a member of the American Philosophical Society, founded by Benjamin Franklin. Dr. Baumol authored more than 35 books as well as hundreds of journal and newspaper articles that have been translated into more than a dozen languages. Alan S. Blinder earned his B.A. at Princeton University, his M.A. at the London School of Economics and his Ph.D. at MIT. He teaches at Princeton University and most recently authored ADVICE AND DISSENT (Basic Books, 2018), which is about the very different worldviews of economists and politiciansand the consequences of that clash. Dr. Blinder served on President Clinton's first Council of Economic Advisers and then as vice chairman of the Federal Reserve Board, thereby playing a role in formulating both the fiscal and monetary policies of the 1990s. Dr. Blinder, now a regular columnist for The Wall Street Journal, has written newspaper and magazine columns on economic policy for more than thirty years. He is a past vice president and a Distinguished Fellow of the American Economic Association. John L. Solow received his B.A. from Yale University and his M.A. and Ph.D. from Stanford University. He is Professor of Economics at the University of Iowa. Dr. Solow has published articles in the areas of industrial organization, sports economics and energy economics, and his research interests include antitrust law and economics sports economics and public policy. He has worked at the Federal Energy Administration and the Electric Power Research Institute. In addition, he has served as a consultant to the U.S. Departments of Energy and Justice, Mid-American Energy, Qwest Telecommunications and numerous law firms. Dr. Solow has also been a visiting scholar at Stanford University, the University of Auckland in New Zealand and Monash University in Australia.

Table of Contents

I.Getting Acquainted with Economics 1.WHAT IS ECONOMICS? 2.THE ECONOMY: MYTH AND REALITY 3.THE FUNDAMENTAL ECONOMIC PROBLEM: SCARCITY AND CHOICE 4.SUPPLY AND DEMAND: AN INITIAL LOOK II.The Building Blocks of Demand and Supply 5.CONSUMER CHOICE: INDIVIDUAL AND MARKET DEMAND 6.DEMAND AND ELASTICITY 7.PRODUCTION, INPUTS, AND COST: BUILDING BLOCKS FOR SUPPLY ANALYSIS 8.OUTPUT, PRICE, AND PROFIT: THE IMPORTANCE OF MARGINAL ANALYSIS 9.THE FINANCIAL MARKETS AND THE ECONOMY: THE TAIL THAT WAGS THE DOG? III.The Virtues of Free Markets 10.THE FIRM AND THE INDUSTRY UNDER PERFECT COMPETITION 11.THE CASE FOR FREE MARKETS: THE PRICE SYSTEM IV.The Limitations of Free Markets 12.MONOPOLY 13.BETWEEN COMPETITION AND MONOPOLY 14.LIMITING MARKET POWER: ANTITRUST AND REGULATION 15.THE SHORTCOMINGS OF FREE MARKETS 16.EXTERNALITIES, EXTERNALITEIS, THE ENVIRONMENT, AND NATURAL RESOURCES 17.TAXATION AND RESOURCE ALLOCATION V.The Distribution of Income 18.PRICING THE FACTORS OF PRODUCTION 19.LABOR AND ENTREPRENEURSHIP: THE HUMAN INPUTS 20.POVERTY, INEQUALITY, AND DISCRIMINATION VI.The United States in the World Economy 21.INTERNATIONAL TRADE AND COMPARATIVE ADVANTAGE VII.The Economy Today 22.CONTEMPORARY ISSUES IN THE U.S. ECONOMY

Additional information

CIN1337794996A
9781337794992
1337794996
Microeconomics: Principles & Policy by William Baumol (New York University)
William Baumol (New York University)
Used - Well Read
Paperback
Cengage Learning, Inc
2019-03-25
528
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book. We do our best to provide good quality books for you to read, but there is no escaping the fact that it has been owned and read by someone else previously. Therefore it will show signs of wear and may be an ex library book

Customer Reviews - Microeconomics