Microeconomics Basic Principles and Applications
Microeconomics: Basic Principles and Applications by N. Y. S. Mdoe, published by Adonis & Abbey Publishers Limited in September 2022, offers a structured approach to understanding microeconomic theories and their practical applications. This edition spans 234 pages and is presented in English, making it accessible for a wide audience. The book emphasizes how microeconomic concepts can be utilized to address real-world challenges faced by firms, featuring examples, illustrations, and discussion questions that enhance analytical skills.
Readers will find a comprehensive exploration of key microeconomic topics, including consumer behavior, production theory, market equilibrium, and the economic role of government. The organization of the content allows for a clear derivation of demand and supply curves, followed by an analysis of market structures and welfare economics. Each chapter is designed to be concise and coherent, enabling learners to grasp the material effectively in a single sitting, making this book a valuable resource for those studying economics.
Official synopsis Publisher
Microeconomics: Basic Principles and Applications is one of the uniquely organized books in Economics. Its emphasis is on the understanding of microeconomic theories and how these theories can be applied in addressing challenges of real world firms. This emphasis is reflected in the type of examples, illustrations and questions for discussion presented in each topic which provide strong analytical skills and tools to learners. The book is organized such that the demand and supply curves are derived from the consumer behaviour and cost of production respectively, followed by analysis of the market equilibrium, prices, market structures and welfare economics. Some of the key microeconomic issues covered in this book include:
-Theory of consumer behaviour and demand
-Production theory and cost of production
-Theory of supply
-Market equilibrium
-Price and output under pure and imperfect competition
-Factor market and
-Economic role of government
Learners will find this book resourceful in their various stages of learning economic theory because its chapters are straightforward and coherently short such that learners can comprehend each chapter in one sitting.
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