Microeconomic Theory is based on lecture notes for a graduate course in microeconomic theory. It covers a broad range of topics, and to some extent the lecture structure is retained in the style of the book. The author provides a clear account of the main ideas in each area concisely, and in some depth of detail. The presentation is at an advanced level and provides succinct coverage of the material in a self contained discussion. Chapters are organized and written indepen...

Mathematics for Economists with Applications provides detailed coverage of the mathematical techniques essential for undergraduate and introductory graduate work in economics, business and finance.Beginning with linear algebra and matrix theory, the book develops the techniques of univariate and multivariate calculus used in economics, proceeding to discuss the theory of optimization in detail. Integration, differential and difference equations are conside...

The world’s foremost expert on pricing strategy shows how this mysterious process works and how to maximize value through pricing to company and customer.In all walks of life, we constantly make decisions about whether something is worth our money or our time, or try to convince others to part with their money or their time. Price is the place where value and money meet. From the global release of the latest electronic gadget to the bewildering gyrations of oil futures to ...

Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities--and not just economic incentives--influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people--facing the same economic circumstances--would make different choices. This was ...

"Bessen sets out to refute the arguments of . . . techno-pessimists, relying on economic analysis and on a fresh reading of history" ( The Wall Street Journal).Technology is constantly changing our world, leading to more efficient production. But where once technological advancements dramatically increased wages, the median wage has remained stagnant over the past three decades. Many of today's machines have taken over the work of humans, destroying old jo...

The New World of Economics, 6th edition, by Richard McKenzie and Gordon Tullock, represents a revival of a classic text that, when it was first published, changed substantially the way economics would be taught at the introductory and advanced levels of economics for all time. In a very real sense, many contemporary general-audience economics books that seek to apply the “economic way of thinking” to an unbounded array of social issues have grown out of the disciplinary tradition establish...

When Harold Fried, et al. published The Measurement of Productive Efficiency: Techniques and Applications with OUP in 1993, the book received a great deal of professional interest for its accessible treatment of the rapidly growing field of efficiency and productivity analysis. The first several chapters, providing the background, motivation, and theoretical foundations for this topic, were the most widely recognized. In this tight, direct update, these same editors have compiled ...

Transport Mediated by Electrified Interfaces provides an overview of the innovative use of electro-kinetic phenomena in experimentally exploring non-equilibrium regions of chemically non-reacting systems. Transport phenomena mediated by charged liquid-liquid interfaces and solid-liquid interfaces are also covered. Transport phenomena mediated by electrified interfaces are discussed in the context of a number of important areas, including, soil/water systems, phase transfer catalysis, anima...

Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price. Explain using separate graphs of C+I+G line and Aggregate Demand-Aggregate Supply curves. In particular explain how your answer depends on the slope of the aggregate supply curve.

All humans eventually die, but life expectancies differ over time and among different demographic groups. Teasing out the various causes and correlates of death is a challenge, and it is one we take on in this book. A look at the data on mortality is both interesting and suggestive of some possible relationships. In 1900 life expectancies at birth were 46. 3 and 48. 3 years for men and women respectively, a gender differential of a bit less than 5 percent. Life expectancies for whites then...

This thought-provoking volume presents essays on the foundations of non-equilibrium economics, i.e. the principle of circular cumulative causation (CCC). This work presents empirical research on how the interplay of technology’s increasing returns to scale, institutions, resources, and economic policy leads to virtuous circles of economic growth and development, but also to vicious circles of social and ecological degradation. In particular, evidence is provided for the important role of t...