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Prices and quantities :fundamentals ...

Vohra, Rakesh V.,

Prices and quantities :fundamentals of microeconomics /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Prices and quantities :Rakesh V. Vohra.
Reminder of title:	fundamentals of microeconomics /
Author:	Vohra, Rakesh V.,
Description:	xv, 207 pages ;25 cm.
Subject:	Microeconomics.
Online resource:	https://doi.org/10.1017/9781108773218
Online resource:	https://www.vlebooks.com/vleweb/product/openreader?id=none&isbn=9781108807944
Online resource:	https://www.vlebooks.com/vleweb/product/openreader?id=none&isbn=9781108806312
ISBN:	9781108773218

Prices and quantities :fundamentals of microeconomics /
Vohra, Rakesh V.,

Prices and quantities :fundamentals of microeconomics /Rakesh V. Vohra. - xv, 207 pages ;25 cm.

Rakesh V. Vohra offers a unique approach to studying and understanding intermediate microeconomics by reversing the conventional order of treatment, starting with topics that are mathematically simpler and progressing to the more complex. The book begins with monopoly, which requires single variable rather than multivariable calculus and allows students to focus clearly on the fundamental trade-off at the heart of economics: margin versus volume. Imperfect competition and the contrast with monopoly follows, introducing the notion of Nash equilibrium. Perfect competition is addressed toward the end of the book, and framed as a model of non-strategic behavior by firms and agents. The last chapter is devoted to externalities, with an emphasis on how one might design competitive markets to price externalities and linking the difficulties to the problem of efficient provision of public goods. Real-life examples engage the reader while encouraging them to think critically about the interplay between model and reality.

ISBN: 9781108773218

Standard No.: cam 2200385 i 4500Subjects--Topical Terms:

182798
Microeconomics.
Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: HB172 / .V64 2020

Dewey Class. No.: 338.5

Prices and quantities :fundamentals of microeconomics /
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245 1 0 $a Prices and quantities : $b fundamentals of microeconomics / $c Rakesh V. Vohra.
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520 $a Rakesh V. Vohra offers a unique approach to studying and understanding intermediate microeconomics by reversing the conventional order of treatment, starting with topics that are mathematically simpler and progressing to the more complex. The book begins with monopoly, which requires single variable rather than multivariable calculus and allows students to focus clearly on the fundamental trade-off at the heart of economics: margin versus volume. Imperfect competition and the contrast with monopoly follows, introducing the notion of Nash equilibrium. Perfect competition is addressed toward the end of the book, and framed as a model of non-strategic behavior by firms and agents. The last chapter is devoted to externalities, with an emphasis on how one might design competitive markets to price externalities and linking the difficulties to the problem of efficient provision of public goods. Real-life examples engage the reader while encouraging them to think critically about the interplay between model and reality.
588 0 $a Vendor-supplied metadata.
650 0 $a Microeconomics. $3 182798
655 4 $a Electronic books. $2 local. $3 214472
856 4 0 $3 Cambridge University Press $u https://doi.org/10.1017/9781108773218
856 4 0 $u https://www.vlebooks.com/vleweb/product/openreader?id=none&isbn=9781108807944
856 4 0 $u https://www.vlebooks.com/vleweb/product/openreader?id=none&isbn=9781108806312
938 $a Askews and Holts Library Services $b ASKH $n AH37998876
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994 $a C0 $b TWNUK

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