[PDF] Prices And Quantities eBook

Author : Rakesh V. Vohra
Publisher : Cambridge University Press
Page : 225 pages
File Size : 19,6 MB
Release : 2020-02-20
Category : Business & Economics
ISBN : 1108488935

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This unique approach to intermediate microeconomics reverses the standard order of topics, provides examples and solved practice problems.

Author : Rakesh V. Vohra
Publisher : Cambridge University Press
Page : 225 pages
File Size : 29,79 MB
Release : 2020-02-20
Category : Business & Economics
ISBN : 1108806317

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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.

Author : Bert M. Balk
Publisher : Cambridge University Press
Page : 301 pages
File Size : 25,69 MB
Release : 2012-07-19
Category : Business & Economics
ISBN : 1107404967

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This book is the first comprehensive text on index number theory since Irving Fisher's 1922 The Making of Index Numbers. The book covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and continuous time environments; and upper- and lower-level indices. Guided by economic insights, this book develops the instrumental or axiomatic approach.

Author : Arthur M Okun
Publisher : Brookings Institution Press
Page : 382 pages
File Size : 23,93 MB
Release : 2011-10-01
Category : Business & Economics
ISBN : 0815718721

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During the past decade Arthur M. Okun, like many economists, focused attention on finding ways to fight inflation without sacrificing goals of high employment and prosperity. In recent years the economy has been plagued by stagflation—the simultaneous persistence of high inflation and high unemployment. Traditional methods of aggregate demand management that have been reasonably successful in curing either one or the other of these problems have not been effective, and the nation has not been able to contain inflation even in periods of economic slack. It now seems clear that the economists’ traditional model that presumes short-run flexibility in wages and prices no longer holds for most of the industrial world, and hence the response of inflation to shifts in macroeconomic policy is weak. In this volume Okun seeks to explain that loss of responsiveness by analyzing how modern labor and product markets work and how they are structured. A central feature of Okun’s analysis is implicit contract theory, which recognizes that efficiency-maximizing decisions by business firms reflect long-term considerations as well as short-term changes in markets. His interpretation of microeconomic behavior and macroeconomic performance provides a basis for the design of policies to deal with stagflation.

Author : Charles H. Anderton
Publisher : Cambridge University Press
Page : 527 pages
File Size : 18,70 MB
Release : 2019-04-25
Category : Business & Economics
ISBN : 1107184207

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Provides comprehensive, up-to-date coverage of the key themes and principles of conflict economics.

Author : National Research Council
Publisher : National Academies Press
Page : 239 pages
File Size : 22,23 MB
Release : 2011-01-05
Category : Medical
ISBN : 0309186846

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It has become trite to observe that increases in health care costs have become unsustainable. How best for policy to address these increases, however, depends in part on the degree to which they represent increases in the real quantity of medical services as opposed to increased unit prices of existing services. And an even more fundamental question is the degree to which the increased spending actually has purchased improved health. Accounting for Health and Health Care addresses both these issues. The government agencies responsible for measuring unit prices for medical services have taken steps in recent years that have greatly improved the accuracy of those measures. Nonetheless, this book has several recommendations aimed at further improving the price indices.