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Principles of Microeconomics

Author(s): Bagher Modjtahedi

Edition: 2

Copyright: 2022

Details: KHPContent | 180 days |

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Principles of Microeconomics has grown out of over 30 years of the author’ lectures. This text emphasizes three core economic principles. First, it defines the concept of rational economic behavior in terms of marginal costs and benefits of decisions. This gives students a simple yet powerful framework to analyze every microeconomic issue subsequently encountered. Second, the goal of allocative efficiency is defined, allowing students to identify economic outcomes that deviate from that goal and the reasons for such deviations in terms of the conflicts between private incentives of individuals and public interests. Third, the book applies the principle of rational economic behavior to analyze the conditions under which the government’s economic policy is justified should the outcomes of economic decisions in the economy result in allocative inefficiency.    

The author has more than thirty years of experience teaching economics at both undergraduate and graduate levels at University of California, Davis and other universities. His research interests include international macroeconomics and financial markets. His work has been published widely in the peer review literature including in The Journal of Econometrics, Journal of International Economics, Journal of Futures Markets, Energy Economics, European Economic Review, and Canadian Journal of Economics. He has also acted as a referee for the Canadian Journal of Economics, European Economic Review, and Energy Economics. The author has a master’s degree in quantitative economics from the University of East Anglia, U.K., and a Ph.D. in economics from the University of California, Davis. He is the recipient of Regents Fellowship Based on Distinguished Scholarship, University of California, Davis, 1981-1982.

Chapter 1: What Do Economists Do?

Chapter 2:  Rational Economic Behavior

Chapter 3: Economic Efficiency

Chapter 4: Consumer Behavior

Chapter 5: Production Costs

Chapter 6: Producer Behavior under Perfect Competition

Chapter 7: Supply and Demand

Chapter 8: Efficiency of Perfect Competition

Chapter 9: Elasticity

Chapter 10: Government in the Marketplace

Chapter 11: Market Power: Monopoly

Chapter 12: Market Power: Monopolistic Competition and Oligopoly

Chapter 13: Externalities

Chapter 14: Public Goods

Chapter 15: Asymmetric Information

Chapter 16: The Labor Market

Chapter 17: Demand for Capital

Chapter 18: International Trade

Chapter 19: Interest Rate Determination

Chapter 20: Comparative Advantage and International Trade

Bagher Modjtahedi

Bagher Modjtahedi has more than thirty years of experience teaching economics at both undergraduate and graduate levels at University of California, Davis and other universities. His research interests include international macroeconomics and financial markets. His work has been published in the peer review literature including in The Journal of Econometrics, Journal of International Economics, Journal of Futures Markets, Energy Economics, European Economic Review, and Canadian Journal of Economics. He has also acted as a referee for the Canadian Journal of Economics, European Economic Review, and Energy Economics. The author has a master’s degree in quantitative economics from the University of East Anglia, U.K., and a Ph.D. in economics from the University of California, Davis. He is the recipient of Regents Fellowship Based on Distinguished Scholarship, University of California, Davis, 1981-1982.

Related ISBN's: 9798765705933

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ISBN 9798765705933

Details KHPContent 180 days