Product Description
Microeconomics (2nd edition) (REV)
Authors: M Moses, M Kofi Ocran
Format: Physical Hardcopy
Have you ever wondered how prices are determined, or why you bought a specific quantity of something? The answers to these and other questions, as well as the theories guiding decisions by consumers and producers, are explained in Microeconomics— a southern African perspective. This book provides a comprehensive introduction to microeconomics theory, offering traditional theories of consumer and producer behaviour set against a contemporary southern African background.
This second edition of Microeconomics – a southern African perspective provides a comprehensive and current introduction to microeconomic theory for the southern African context, while retaining the original ethos from the first edition. It addresses traditional theories of consumer and producer behaviour as prescribed in most introductory microeconomic modules and answers questions around how consumers and producers interact in the market, looking specifically at the choices made by producers in their endeavour to produce optimally.
Contents:
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Chapter 1: Introduction to Economics
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Chapter 2: Demand Supply
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Chapter 3: Elasticity
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Chapter 4: Consumer Equilibrium – the cardinal utility approach
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Chapter 5: Consumer Equilibrium – the ordinal utility approach
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Chapter 6: Production and Cost
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Chapter 7: Profit maximisation in a perfectly competitive market
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Chapter 8: Determining prices and output in imperfect competitive
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