Download or read book Which Tools and Methods are Needed to Undertake Microeconomic Analysis written by DR. MUNAWARU ISSAHAQUE and published by GRIN Verlag. This book was released on 2019-07-04 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: A, Atlantic International University, course: DOCTOR OF ECONOMICS, language: English, abstract: This paper covers the concepts and tools needed to undertake microeconomics analysis of such problems that arise due to scarcity. The paper will also cover competitive and non-competitive product markets and why the different markets function the way they do. The researcher will attain the objectives of the course in this paper by researching on the topic and compiling not less than 15 pages. The writer will also provide a minimum of 20 multiple choice questions and answers. Craig and Depken (2006) explained that economists endeavor to understand how people and organizations reach their decisions. They pointed out that, economists delineate different types of decision makers into three types of economic agents. From the point of view of Burkett and John (2006), “Oikonomikos” raised four issues that lie near the central problem of economics even today. These are: how limited resources are best allocated to competing needs, what a manager can do to motivate subordinates to work hard, what it takes to be a good manager and how individuals, firms and government are supposed to choose our actions when the consequences of alternative actions are uncertain. These four issues cover the basic principles of microeconomics. Burkett and John further explained that, microeconomics overlaps with management science in its examination of optional business decisions but extend beyond that field into “normative and positive analysis of households, unions government agencies, and international trade.”. What this means is that, unlike macroeconomics which concerned itself with aggregative results of individual decisions, microeconomics analysis concerned itself with problems individuals and organizations face due to scarcity.
Download or read book Micro Markets Workbook written by Robert A. Schwartz and published by John Wiley and Sons. This book was released on 2010-03-25 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: A companion Workbook to the text Micro Markets Understanding how microeconomics affects the marketplace is essential for any investment professional, however most books simply address microeconomics in its pure theory-based form. Micro Markets helped bridge the gap between theory and practice by defining microeconomics in terms of real-world, market applications. Now, the Micro Markets Workbook offers you a chance to review the information found in the actual book and solidify your understanding of this discipline. In this study guide, microeconomic concepts are fully reviewed, along with how all of its relevant theory is applicable to today's markets. Helps you learn to perform dynamic microeconomic analysis in practice Tests your knowledge of the information addressed in Micro Markets, before you put it to work in real world situations Provides solutions to each chapter of the main book's practice problems If you want to gain a firm understanding of the information outlined in Micro Markets, the lessons within this Workbook can help you achieve this goal.
Download or read book Micro Markets written by Robert A. Schwartz and published by John Wiley & Sons. This book was released on 2010-03-25 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely guide that bridges the gap between microeconomic theory and practice through real-world application in the marketplace Understanding how microeconomics affects the marketplace is essential for any investment professional, however most books simply address microeconomics in its pure theory-based form. Micro Markets helps bridge the gap between theory and practice by defining microeconomics in terms of real-world, market applications. This timely guide elucidates basic microeconomic concepts with an emphasis on applicability. It establishes a common application for all of the basic economic concepts that are reviewed, and provides in-depth insights into an industry that is of major economic importance in aggregate, and to most individuals. Utilizes equity market realities to underscore the relevance of economic theory Each chapter includes informative practice problems and power points A companion Workbook, with practice problems and solutions, is also available By taking microeconomic theory and making it applicable to today's marketplace, Micro Markets builds a much-needed bridge between theory and practice.
Download or read book The Microeconomics of Public Policy Analysis written by Lee S. Friedman and published by Princeton University Press. This book was released on 2017-02-15 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows, from start to finish, how microeconomics can and should be used in the analysis of public policy problems. It is an exciting new way to learn microeconomics, motivated by its application to important, real-world issues. Lee Friedman's modern replacement for his influential 1984 work not only brings the issues addressed into the present but develops all intermediate microeconomic theory to make this book accessible to a much wider audience. Friedman offers the microeconomic tools necessary to understand policy analysis of a wide range of matters of public concern--including the recent California electricity crisis, welfare reform, public school finance, global warming, health insurance, day care, tax policies, college loans, and mass transit pricing. These issues are scrutinized through microeconomic models that identify policy strengths, weaknesses, and ideas for improvements. Each chapter begins with explanations of several fundamental microeconomic principles and then develops models that use and probe them in analyzing specific public policies. The book has two primary and complementary goals. One is to develop skills of economic policy analysis: to design, predict the effects of, and evaluate public policies. The other is to develop a deep understanding of microeconomics as an analytic tool for application--its strengths and extensions into such advanced techniques as general equilibrium models and pricing methods for natural monopolies and its weaknesses, such as behavioral inconsistencies with utility-maximization models and its limits in comparing institutional alternatives. The result is an invaluable professional and academic reference, one whose clear explanation of principles and analytic techniques, and wealth of constructive applications, will ensure it a prominent place not only on the bookshelves but also on the desks of students and professionals alike.
Download or read book Calculus and Techniques of Optimization with Microeconomic Applications written by John Hoag and published by World Scientific. This book was released on 2008 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook is designed as a guide for students of mathematical economics, with the aim of providing them with a firm foundation for further studies in economics. A substantial portion of the mathematical tools required for the study of microeconomics at the graduate level is covered, in addition to the standard elements of microeconomics and various applications. Theorems and definitions are clearly explained with numerous exercises to complement the text and to help the student better understand and master the principles of mathematical economics.
Download or read book Microeconomics using Excel written by Gerald Schwarz and published by Routledge. This book was released on 2007-08-02 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using Microsoft Excel, the market leading spreadsheet package, this book combines theory with modelling aspects and spreadsheet analysis. Microeconomics Using Excel provides students with the tools with which to better understand microeconomic analysis.It focuses on solving microeconomic problems by integrating economic theory, policy analysis and
Download or read book Calculus And Techniques Of Optimization With Microeconomic Applications written by John H Hoag and published by World Scientific Publishing Company. This book was released on 2007-12-18 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook is designed as a guide for students of mathematical economics, with the aim of providing them with a firm foundation for further studies in economics. A substantial portion of the mathematical tools required for the study of microeconomics at the graduate level is covered, in addition to the standard elements of microeconomics and various applications. Theorems and definitions are clearly explained with numerous exercises to complement the text and to help the student better understand and master the principles of mathematical economics.
Download or read book Basic Methods of Policy Analysis and Planning written by Carl Patton and published by Routledge. This book was released on 2015-08-26 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: Updated in its 3rd edition, Basic Methods of Policy Analysis and Planning presents quickly applied methods for analyzing and resolving planning and policy issues at state, regional, and urban levels. Divided into two parts, Methods which presents quick methods in nine chapters and is organized around the steps in the policy analysis process, and Cases which presents seven policy cases, ranging in degree of complexity, the text provides readers with the resources they need for effective policy planning and analysis. Quantitative and qualitative methods are systematically combined to address policy dilemmas and urban planning problems. Readers and analysts utilizing this text gain comprehensive skills and background needed to impact public policy.
Download or read book Micro Markets written by Robert A. Schwartz and published by Wiley. This book was released on 2010-05-03 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely guide that bridges the gap between microeconomic theory and practice through real-world application in the marketplace Understanding how microeconomics affects the marketplace is essential for any investment professional, however most books simply address microeconomics in its pure theory-based form. Micro Markets helps bridge the gap between theory and practice by defining microeconomics in terms of real-world, market applications. This timely guide elucidates basic microeconomic concepts with an emphasis on applicability. It establishes a common application for all of the basic economic concepts that are reviewed, and provides in-depth insights into an industry that is of major economic importance in aggregate, and to most individuals. Utilizes equity market realities to underscore the relevance of economic theory Each chapter includes informative practice problems and power points A companion Workbook, with practice problems and solutions, is also available By taking microeconomic theory and making it applicable to today's marketplace, Micro Markets builds a much-needed bridge between theory and practice.
Download or read book Handbook of Research Methods and Applications in Empirical Microeconomics written by Hashimzade, Nigar and published by Edward Elgar Publishing. This book was released on 2021-11-18 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written in a comprehensive yet accessible style, this Handbook introduces readers to a range of modern empirical methods with applications in microeconomics, illustrating how to use two of the most popular software packages, Stata and R, in microeconometric applications.
Download or read book Managerial Economics written by William F. Samuelson and published by Wiley. This book was released on 2005-12-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The right tools to guide real decisions When you're climbing a mountain, you have to carefully consider every step if you want to reach your goal. You need to know how your tools will actually perform on the mountain. It also helps to have a trusted guide who knows the way. The same holds true in today's highly competitive, global business environments. The decisions managers make are more complex and critical than ever before. You need to understand how to use economic analysis techniques to make real business decisions. When it comes to making real-life decisions based on sound economic analysis, there is no better guide than Samuelson and & Marks's Managerial Economics, 5th Edition. Featuring many detailed, real-world examples, as well as strong coverage of decision making under uncertainty, game theory, and international topics, this practical text equips you with the right tools you need to make smart decisions. New in the Fifth Edition * Updated and revised chapters on making decisions under uncertainty (Chapters 8 and 9). * New discussions of behavioral economics, including such issues as bounded rationality, sunk-cost fallacies, decision-making heuristics and biases, and the winner's curse. * Updated and expanded coverage of corporate incentives and governance. * Incorporates new developments in the areas of technological change, network economies, and internet economics. * Updated applications and revised end-of-chapter problems.
Download or read book Microeconomics written by Edgar K. Browning and published by Wiley Global Education. This book was released on 2019-12-24 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics: Theory & Applications, 13th Edition teaches students how fundamental tools of analysis are used explain and predict market phenomena. Designed for both economics and business students, this thorough yet accessible textbook describes basic microeconomic principles using various applications to clarify complicated economic concepts and provides an essential foundation of microeconomics knowledge. Clear and engaging chapters discuss cutting-edge models and explore numerous real-world examples of microeconomic theory in action. Comprehensive and topically relevant, this textbook offers greater coverage of input market analysis and applications than other texts on the subject. In-depth applications, such as consumer choice theory and noncompetitive market models, complement over 100 shorter applications that reinforce the graphical and logical techniques developed in the theory chapters. The authors’ innovative use of relatable applications promotes student engagement and comprehension, and facilitates a case-based, active-learning approach. Discussion of globalization, ethics, sustainability, and other important contemporary themes helps students understand how economics impacts their lives in various, often unexpected ways.
Download or read book Methodology for a New Microeconomics Routledge Revivals written by Lawrence A. Boland and published by Routledge. This book was released on 2014-06-03 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1986, this title argues that the successful development of a new microeconomics requires a deeper understanding of methodological individualism and its role in stability analysis. Lawrence Boland expounds a critique of neoclassical models, which, he contends, often fail to include an explicit stability analysis. He demonstrates that much of the sophisticated theoretical literature over the past thirty years can be understood as ad hoc attempts to overcome the deficiencies of such models in the absence of cogent stability analyses. In conclusion, he explains the need to update the theory taught at universities, and to develop a truly individualist version of microeconomics that is consistent with the methodological principles of major neoclassical models. An important contribution to economic methodology, this work is a highly valuable resource for all students and teachers of economics at the undergraduate level.
Download or read book The Microeconomic Foundations of Macroeconomics written by G.C. Harcourt and published by Routledge. This book was released on 2019-03-13 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: This discourse on the conference proceedings unveils Sir John Hicks's efforts to discuss capital/income family of concepts with their principal characteristics of inter-temporality. Papers on capital, profits, the concept of invariant capital stock and Kaleckian theory of investment are discussed.
Download or read book Software Production Economics written by Chris F. Kemerer and published by Forgotten Books. This book was released on 2017-12-22 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Software Production Economics: Theoretical Models and Practical Tools The general outline of this paper is as follows. Section II describes one classic theoretical economic model developed by Galbraith to describe the impact of the increased use of technology on production processes. While this model was originally applied to manufacturing, it is sufficiently powerful to be of use in describing other production applications. Section III discusses its applicability to software production, and uses it to make predictions about what the future may hold for software engineering methods and tools. Section IV then summarizes the results of some actual current research that models software development as an economic production process. These results illustrate the usefulness not only of the economic concepts, but also of the tools of economic analysis. Section V then describes some ongoing and planned research which takes further advantage of the economic models. Concluding remarks are presented in Section VI. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book Formal Analysis of Future Energy Systems Using Interactive Theorem Proving written by Asad Ahmed and published by Springer Nature. This book was released on 2021-08-13 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes an accurate analysis technique for energy systems based on formal methods—computer-based mathematical logic techniques for the specification, validation, and verification of the systems. Correctness and accuracy of the financial, operational, and implementation analysis are of the paramount importance for the materialization of the future energy systems, such as smart grids, to achieve the objectives of cost-effectiveness, efficiency, and quality-of-service. In this regard, the book develops formal theories of microeconomics, asymptotic, and stability to support the formal analysis of generation and distribution cost, smart operations, and processing of energy in a smart grid. These formal theories are also employed to formally verify the cost and utility modeling for: Energy generation and distribution; Asymptotic bounds for online scheduling algorithms for plug-in electric vehicles; and Stability of the power converters for wind turbines. The proposed approach results in mechanized proofs for the specification, validation, and verification of corresponding smart grid problems. The formal mathematical theories developed can be applied to the formal analysis of several other hardware and software systems as well, making this book of interest to researchers and practicing engineers in a variety of power electronic fields.
Download or read book Managerial Economics Study Guide written by William F. Samuelson and published by Wiley. This book was released on 2006-03-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The right tools to guide real decisions When you're climbing a mountain, you have to carefully consider every step if you want to reach your goal. You need to know how your tools will actually perform on the mountain. It also helps to have a trusted guide who knows the way. The same holds true in today's highly competitive, global business environments. The decisions managers make are more complex and critical than ever before. You need to understand how to use economic analysis techniques to make real business decisions. When it comes to making real-life decisions based on sound economic analysis, there is no better guide than Samuelson and & Marks's Managerial Economics, 5th Edition. Featuring many detailed, real-world examples, as well as strong coverage of decision making under uncertainty, game theory, and international topics, this practical text equips you with the right tools you need to make smart decisions. New in the Fifth Edition * Updated and revised chapters on making decisions under uncertainty (Chapters 8 and 9). * New discussions of behavioral economics, including such issues as bounded rationality, sunk-cost fallacies, decision-making heuristics and biases, and the winner's curse. * Updated and expanded coverage of corporate incentives and governance. * Incorporates new developments in the areas of technological change, network economies, and internet economics. * Updated applications and revised end-of-chapter problems.
