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Microeconomics and Behaviour, 3e

Microeconomics and Behaviour, 3e

Authors
Publisher McGraw-Hill
Year 27/02/2020
Version paperback
Readership level General/trade
Language English
ISBN 9781526847843
Categories Microeconomics
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Book description

Microeconomics and Behaviour, third edition, is an accessible yet intellectually challenging and engaging textbook for students.


It develops core analytical and technical tools and embeds them in a collection of real-world examples and applications to illuminate
the power and versatility of the economic way of thinking.


With this approach, students develop economic intuition and are stimulated to think more deeply about the technical tools they learn,
and to find more interesting ways to apply them. This enables students to not just understand microeconomics, but to think like
economists themselves, and to develop a lasting interest in the discipline.


Key Features
* Fully updated chapters, including new and expanded material on international labour markets, the gig economy,
behavioural game theory and nudge theory.


* Extensive pedagogical features such as examples, key terms and definitions, in-chapter exercises, chapter summaries,
and review questions and problems.


* Economic Naturalist examples that show how economic principles can be used to explain experiences and observations
of everyday life. New examples include: "Why do firms benefit from the gig economy?", "Why is self-checkout becoming
the norm in shops?", and "Why do online retailers have flagship stores?".


Connect (R) Resources
Available with McGraw-Hill Education's Connect (R), the well-established online learning platform, which helps faculty and
institutions improve student outcomes and course delivery efficiency. In addition to maths tutorials and SmartBook, the awardwinning
adaptive reading experience, the new Connect (R) features for this edition include:
* Economic Application Based Activities that provide students with valuable practice, using problem solving skills to apply
their knowledge to realistic scenarios. Students progress from understanding basic concepts to using their knowledge to
analyse complex scenarios and solve problems.
* Economic Naturalist graphing questions which have been newly developed to complement this key pedagogical feature
from the textbook.
* Interactive Graphs that help students see the relevance of the subject matter by providing visual displays of real data for
students to manipulate. All graphs are accompanied by assignable assessment questions and feedback for students.
To learn more, visit mheducation.co.uk/connect

Microeconomics and Behaviour, 3e

Table of contents

PART 1: Introduction

1 Thinking Like an Economist

2 Supply and Demand

3 Game Theory

PART 2: The Theory of Consumer Behaviour

4 Rational Consumer Choice

5 Individual and Market Demand

6 Applications of Rational Choice and Demand Theories

7 Choice under Uncertainty and the Economics of Information

8 Explaining Tastes: The Importance of Altruism and Other Non-Egoistic Behaviour

9 Cognitive Limitations and Consumer Behaviour

PART 3 : The Theory of the Firm and Market Structure

10 Production

11 Costs

12 Perfect Competition

13 Monopoly

14 Imperfect Competition

PART 4 : Factor Markets

15 Labour

16 Capital

PART 5 : Externalities, Public Goods and Welfare

17 General Equilibrium and Market Efficiency

18 Externalities, Property Rights and the Coase Theorem

19 Government

Index

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