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The Microeconomics Of Complex Economies

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The Microeconomics of Complex Economies

The Microeconomics of Complex Economies Book
Author : Wolfram Elsner,Torsten Heinrich,Henning Schwardt
Publisher : Academic Press
Release : 2014-04-15
ISBN : 0124115993
Language : En, Es, Fr & De

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Book Description :

The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. Describes the usefulness of complex heterodox economics Emphasizes divergences and convergences with neoclassical economic theories and perspectives Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters

Studyguide for the Microeconomics of Complex Economies

Studyguide for the Microeconomics of Complex Economies Book
Author : Cram101 Textbook Reviews
Publisher : Cram101
Release : 2014-06-18
ISBN : 9781497014404
Language : En, Es, Fr & De

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Book Description :

Never HIGHLIGHT a Book Again! Includes all testable terms, concepts, persons, places, and events. Cram101 Just the FACTS101 studyguides gives all of the outlines, highlights, and quizzes for your textbook with optional online comprehensive practice tests. Only Cram101 is Textbook Specific. Accompanies: 9780124115859. This item is printed on demand.

Microeconomics of Interactive Economies

Microeconomics of Interactive Economies Book
Author : Wolfram Elsner
Publisher : Edward Elgar Publishing
Release : 2012-01-01
ISBN : 1781953406
Language : En, Es, Fr & De

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Book Description :

A 'Non-Toxic' Intermediate Textbook 'Here, at last, we have the ideal textbook for microeconomics from an evolutionary and institutional perspective. Wolfram Elsner does nothing less than reconstruct the principles of microeconomics for a world of interactive business networks, change and innovation, crisis and uncertainty, as well as coordination problems and cooperative joint ventures. The publication of this book is a landmark event in microeconomics.' – Phillip A. O'Hara, Curtin University of Technology, Perth, Australia and President-Elect of AFEE, 2012 'This microeconomics textbook by Wolfram Elsner provides a timely alternative for understanding the micro roots of uncertainty, complexity and crisis. The evolutionary and institutional perspective sheds new light on contemporary issues such as clusters, networks, innovation and coordination. By reading this textbook, teachers, students and practitioners will open their minds to new economic thinking.' – Ping Chen, Peking University, Beijing, Fudan University, Shanghai, China and author of Economic Complexity and Equilibrium Illusion This thorough reconstruction of microeconomics 'post-2008' provides economic students with a new way of real-world understanding and strategic qualification that will be better appreciated by their future employers and any professional practice. It will prove essential for economic students and other social science programs at a graduate level. This accessible and engaging textbook includes: • A survey of the most famous core models of modern microeconomics including the neoclassical approach and its heterodox critiques – Sraffian, Institutionalist, Post-Keynesian and Mirowskian • An introduction to complexity thinking in economics • An introduction to game theory • An introduction to the methods of complex computer simulation • An introduction to strategic behavior • An newly integrated approach to real-world and complexity economics, rather than focusing on neoclassical ('perfect') market equilibrium 'plus a thousand recent extra things on top'. See the companion website – www.microeconomics.us – for teaching material, readings, exams and as a general guide to explore issues raised in the book.

Microeconomics Theory And Applications

Microeconomics  Theory And Applications Book
Author : D. N. Dwivedi
Publisher : Pearson Education India
Release : 2002-09
ISBN : 9788177586480
Language : En, Es, Fr & De

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Book Description :

This book is intended to be a comprehensive and standard textbook for undergraduate students of Microeconomics. Apart from providing students with sufficient study material for examination purpose, it aims at making them understand economics. An effort has been made to explain abstract and complex microeconomic theories in a simple and lucid language without sacrificing analytical sophistication. The subject matter has been structured in a systematic manner without leaving gaps for the readers to fill in. Though the approach is non-mathematical, simple algebra has been used to give a concrete view of economic concepts and theories and to show the applicability of economic theories in decision making.

Microeconomics

Microeconomics Book
Author : Ralph T. Byrns,Gerald W. Stone
Publisher : Addison-Wesley
Release : 1995
ISBN : 9780673993281
Language : En, Es, Fr & De

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Book Description :

A standard introductory textbook that has been well honed over time. This updated edition adds a new chapter on the economics of health care, and new information on the globalization of economic activity, the dynamics of labor markets, and the pervasiveness of imperfect information and strategic beh

The Economic System

The Economic System Book
Author : Eleanor Doyle
Publisher : Wiley
Release : 2005-05-06
ISBN : 9780470850015
Language : En, Es, Fr & De

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Book Description :

The Economic System provides an accessible account of introductory economics theory that allows students more fully to appreciate the main features and complexity of the Economic System by integrating microeconomic and macroeconomic principles on a topic-by-topic basis. The purpose of the approach is to allow the student to understand the economy as a system of complex and inter-related features incorporating: consumers, producers, markets and governments based on an understanding of the roles of prices and markets and exchange. This structure provides a context whereby students understand that to analyse issues from an economic perspective often requires the use of both micro- and macroeconomic tools and an appreciation of the interrelationships that exist between them. An explicit aim in the book is to clarify how models and concepts in economics are useful as tools that support rigorous, methodical and logical analysis and not simply useful to solve mathematical "puzzles" by providing one "correct" answer.

No Bull Review Macroeconomics and Microeconomics Top Ten Guide

No Bull Review   Macroeconomics and Microeconomics Top Ten Guide Book
Author : Craig Medico
Publisher : CreateSpace
Release : 2014-11-21
ISBN : 9781500114756
Language : En, Es, Fr & De

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Book Description :

Brand new for 2015! No Bull Review's Top Ten Guide for use with the AP Macroeconomics and AP Microeconomics exams. Your review book shouldn't need a review book, and that's why we're here. This study guide contains the Top 10 concepts for each unit of introductory Macro and Micro courses. You get definitions and explanations of the most important terms, concepts, and graphical models in the Economics curriculum. In other words, this book makes complex economic models accessible for you! Unit Review Chapters: Basic Concepts (Macro/Micro), Economic Performance (Macro), AD/AS and Fiscal Policy (Macro), Banking and Monetary Policy (Macro), Policies and Growth (Macro), and The International Sector (Macro), Utility and Elasticity (Micro), Costs of Production (Micro), Product Markets (Micro), Factor Markets (Micro), and The Government (Micro). *AP is a registered trademark of the College Board, which was not involved in the production of, and does not endorse, this product.

Advanced Microeconomic Theory

Advanced Microeconomic Theory Book
Author : Geoffrey Alexander Jehle,Philip J. Reny
Publisher : Prentice Hall
Release : 2011
ISBN : 9780273731917
Language : En, Es, Fr & De

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Book Description :

Rev. ed. of: Advanced microeconomic theory. 2nd ed. 2001.

Microeconomics for MBAs

Microeconomics for MBAs Book
Author : Richard B. McKenzie,Dwight R. Lee
Publisher : Cambridge University Press
Release : 2016-07-18
ISBN : 1316654257
Language : En, Es, Fr & De

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Book Description :

Now in its third edition, this textbook develops the economic way of thinking through problems that MBA students will find relevant to their career goals. Theory and mathematics are kept as simple as possible and illustrated with real-life scenarios. The textbook package includes online video tutorials on key concepts and complex arguments, and topics likely to be assessed in exams. The distinguished author team has developed this textbook over twenty years of teaching microeconomics to MBA students. Chapters are clearly structured to support learning: Part I of each chapter develops key economic principles, whilst Part II draws on those principles to discuss organizational and incentive issues in management and focuses on solving the 'principal-agent' problem to maximize the profitability of the firm - lessons that can be applied to problems MBA students will face in the future. Economics and management are treated equally; this unique textbook presents economics as part of the everyday thinking of business people.

Economics For Dummies

Economics For Dummies Book
Author : Peter Antonioni,Sean Masaki Flynn
Publisher : John Wiley & Sons
Release : 2010-11-11
ISBN : 9780470973653
Language : En, Es, Fr & De

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Book Description :

Untangle the jargon and understand how you're involved in everyday economics If you want to get to grips with the basics of economics and understand a subject that affects British citizens on a daily basis, then look no further than Economics For Dummies. This easy to understand guide takes you through the world of economics from understanding micro- and macroeconomics to demystifying complex topics such as capitalism and recession. This updated edition walks you through the history, principles and theories of economics as well as breaking down all the complicated terminology, leaving you clued up on economics in no time. Getting to grips – explore the science of economics and how people deal with scarcity Keeping an eye on it – learn all about macroeconomics and how economists keep track of everything Watch patterns emerge – understand why monitoring consumer behaviour is vital and all you need to know about microeconomics Your recession guide – expert advice on recessions and a detailed look at why they occur Open the book and find: Why you should care about economics and how it affects you Tools to help you understand a recession A guide to seductive economic fallacies All you need to know on monetary and fiscal policies How supply and demand can be made easy Why it's vital to track consumer choices An in-depth look at a profit-maximising firm and the core of capitalism Guidance on property rights and wrongs Learn to: Look through economic history and spot the trends Understand micro- and macroeconomics Get to grips with consumer behaviour and its influence on the economy Spot the signs of a recession and see how economic decisions affect you

Essays in Economic Dynamics

Essays in Economic Dynamics Book
Author : Akio Matsumoto,Ferenc Szidarovszky,Toichiro Asada
Publisher : Springer
Release : 2016-09-22
ISBN : 981101521X
Language : En, Es, Fr & De

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Book Description :

This book reflects the state of the art in nonlinear economic dynamics, providing a broad overview of dynamic economic models at different levels. The wide variety of approaches ranges from theoretical and simulation analysis to methodological study. In particular, it examines the local and global asymptotical behavior of both macro- and micro- level mathematical models, theoretically as well as using simulation. It also focuses on systems with one or more time delays for which new methodology has to be developed to investigate their asymptotic properties. The book offers a comprehensive summary of the existing methodology with extensions to the more complex model variants, since considerations on bounded rationality of complex economic behavior provide the foundation underlying choice-theoretic and policy-oriented studies of macro behavior, which impact the real macro economy. It includes 13 chapters addressing traditional models such as monopoly, duopoly and oligopoly in microeconomics and Keynesian, Goodwinian, and Kaldor–Kaleckian models in macroeconomics. Each chapter presents new aspects of these traditional models that have never been seen before. This work renews the past wisdom and reveals tomorrow's knowledge.

Economics Complex Windows

Economics  Complex Windows Book
Author : Massimo Salzano,Alan P. Kirman
Publisher : Springer Science & Business Media
Release : 2006-01-17
ISBN : 884700344X
Language : En, Es, Fr & De

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Book Description :

“In some ways, the e?ect of achieving understanding is to reverse completely our initial attitude of mind. For everyone starts (as we have said) by being perplexed by some fact or other: for instance... the fact that the diagonal of a square is incommensurable with the side. Anyone who has not yet seen why the side and the diagonal have no common unit regards this as quite extra- dinary. But one ends up in the opposite frame of mind... for nothing would so much ?abbergast a mathematician as if the diagonal and side of a square were to become commensurable”. [Aristotele] This is the ?rst volume of a new series entitled “New Economic Windows”. Each volume in the series will, we hope, provide pointers towards a better understanding of the nature of economic phenomena and help to “reverse our initial state of mind” as economists. As H. Simon observed, Economics must be considered a “hard”, (in the sense of di?cult rather than precise), science. As he cogently argued, the problems dealt with are so complex they “cannot simply be reduced to analytically solvable models or decomposed into sepa- 1 rate sub processes”. In this he was following on from Einstein who, many years earlier, when asked why he had not turned his attention to economics said that he found it too di?cult a subject to handle scienti?cally.

Principles of Microeconomics

Principles of Microeconomics Book
Author : Betsey Stevenson,Justin Wolfers
Publisher : Worth
Release : 2019-11-19
ISBN : 9781319322120
Language : En, Es, Fr & De

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Book Description :

Betsey Stevenson and Justin Wolfers present a new synthesis of economic principles for a new generation of students. Their focus on useful economics employs compelling explanations and real-life examples to help students develop economic intuition and apply it to everyday decisions. The authors provide a fresh take on a wide range of principles topics and develop macroeconomics from its microfoundations in an engaging presentation that has drawn enthusiastic reviews from hundreds of instructors and thousands of students in pre-publication class-tests. In Principles of Microeconomics, students will learn how the basic tools of economics can be applied to decisions that range from personal and professional goals to public policy and the broader economy. Combining fundamental theory with modern applications, familiar examples, and plenty of opportunities to practice using economic tools, Principles of Microeconomics helps students to develop economic insight. Principles of Microeconomics is available with SaplingPlus online learning system. Our integrated, online learning system combines powerful multimedia resources with an integrated e-Book, robust homework, and a wealth of interactives, creating an extraordinary new learning resource for students. Key features include: Online homework helps students get better grades with targeted instructional feedback tailored to the individual. Step-by-Step graphs break complex graphs and other figures into their component parts to help students understand how graphs are built and what they represent. Captions on each step help the students to understand what’s happening as the figures change. Decision Points allow students to explore their own decision-making process and how economic principles and thinking can inform their decisions. Students work step-by-step through decision-making scenarios, receiving feedback about how the economic principles did (or did not) play into their choices. Decision Points help students apply economic insights to their everyday lives. Find out more about SaplingPlus at www.macmillanihe.com/sapling.

Microeconomics Principles and Applications

Microeconomics  Principles and Applications Book
Author : Robert E. Hall,Marc Lieberman
Publisher : Cengage Learning
Release : 2009-11-24
ISBN : 9781439038970
Language : En, Es, Fr & De

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Book Description :

Acclaimed economists Hall and Lieberman have made the latest edition of MICROECONOMICS: PRINCIPLES AND APPLICATIONS as current as the headlines. Since real-world policy issues, decisions, and applications impact all of us on an everyday basis, Hall and Lieberman use these true, cutting-edge examples to illustrate core economic theory and application. Straightforward and easy-to-understand, this comprehensive text equips readers with a solid foundation in economics that they can build upon wherever their career paths may lead. Hall and Lieberman’s careful focus on important economic theories and applications, and how they relate to practical questions, effectively conveys the message that economics is an integrated, powerful body of knowledge that can address complex domestic and global issues. A wealth of interactive online exercises, graphing applications, and research resources give students hands-on experience in understanding current economic issues. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Emergent Economics Book

Emergent Economics Book Book
Author : David Ross
Publisher : Unknown
Release : 2015-03-03
ISBN : 9781505809985
Language : En, Es, Fr & De

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Book Description :

Download Emergent Economics Book book written by David Ross, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Microeconomic Principles and Problems

Microeconomic Principles and Problems Book
Author : Geoffrey Schneider
Publisher : Routledge
Release : 2019-06-13
ISBN : 0429678762
Language : En, Es, Fr & De

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Book Description :

Microeconomic Principles and Problems offers a comprehensive introduction to all major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it will leave readers better able to understand and analyse the complex behaviours of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies. Most principles of microeconomics textbooks cover only mainstream economics, ignoring rich heterodox ideas. They also lack material on the great economists, including the important ideas of Adam Smith, Karl Marx, Thorstein Veblen, John Maynard Keynes and Friedrich Hayek. Mainstream books neglect the kind of historical analysis that is crucial to understanding trends that help us predict the future. Moreover, they focus on abstract models more than existing economic realities. This engaging book addresses these inadequacies. Including explicit coverage of the major heterodox schools of thought, it allows the reader to choose which ideas they find most compelling in explaining modern economic realities. Written in an engaging style focused on real world examples, this ground-breaking book brings economics to life. It offers the most contemporary and complete package for any pluralistic microeconomics class.

Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth

Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth Book
Author : Kostis, Pantelis C.
Publisher : IGI Global
Release : 2020-10-30
ISBN : 1799849341
Language : En, Es, Fr & De

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Book Description :

In recent decades, the mainstream microeconomic and macroeconomic analysis was proven to be insufficient for exploring the dynamic and complex interactions among humans, institutions, and nature in our real economy. On the one side, microeconomics is filled with black-box models that fail to study the actual contractual relations between firms and markets, while on the other side macroeconomics were proven useless because they mistook the beauty of theoretical models for truth. Thus, questions have arisen about using new theoretical and empirical structures that would better describe our economic systems. Bridging Microeconomics and Macroeconomics and the Effects on Economic Development and Growth is an essential reference source that analyzes the hypotheses that govern the relationships of aggregate structures (macroeconomic analysis) that may be compatible with the assumptions that govern the behavior of individuals, households, and firms (micro analysis), and vice versa, in trying to achieve sustainable economic development and growth. Moreover, modern evolutionary growth thinking is used in trying to bridge the inconsistencies between microeconomics and macroeconomics and confront their failures in order to better describe the economic reality. While highlighting a broad range of topics including globalization, economic systems, and the role of institutions, this book is aimed toward economic analysts, financial advisors, policymakers, researchers, academicians, and students.

Microfoundations of Evolutionary Economics

Microfoundations of Evolutionary Economics Book
Author : Yoshinori Shiozawa,Masashi Morioka,Kazuhisa Taniguchi
Publisher : Springer
Release : 2019-06-27
ISBN : 4431552677
Language : En, Es, Fr & De

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Book Description :

This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is compatible with evolutionary processes. Any independent approach to economics must include a value theory (or price theory) and price and quantity adjustment processes. Evolutionary economics has rightly and successfully concentrated its efforts on explaining evolutionary processes in technology and institutions. However, it does not have its own value theory and is not capable of explaining the workings of everyday economics processes, in which any evolutionary process would take place. Our point of departure is the addition of myopic agents with severely limited rational and forecasting capacities (in stark contrast to mainstream economics). We show how myopic agents, in a complex world, can produce a stable price system and demonstrate how they can adjust their production to changing demand flows. Agents behave without any knowledge of the overall process, and they generate a stable economy as large as the global network of exchanges. This is the true “miracle” of the market mechanism. In contrast to mainstream general equilibrium theory, this miracle can be explained without the need for an auctioneer or infinitely rational agents. Thanks to this book, evolutionary economics can now claim to be an independent approach to economics that can completely replace mainstream neoclassical economics.

Nonlinearity Bounded Rationality and Heterogeneity

Nonlinearity  Bounded Rationality  and Heterogeneity Book
Author : Tamotsu Onozaki
Publisher : Springer
Release : 2018-01-28
ISBN : 4431549714
Language : En, Es, Fr & De

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Book Description :

This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are “nonlinearity,” “bounded rationality” and “heterogeneity,” which also make up the title of the book. Nonlinearity is the warp that runs throughout all models because systems that exhibit chaotic or other complex behavior in the absence of any exogenous disturbances are absolutely nonlinear. Bounded rationality constitutes the woof, because economic systems do not exhibit complex behavior if all agents are perfectly rational, as is usually assumed in neoclassical economics. Agents who are boundedly rational have to struggle to do their best with limited information and tend to adapt to their economic environment without knowing what is the best. Furthermore, the heterogeneity of firms or consumers dyes the fabric of complex dynamics woven from the warp and woof.

Principles of Microeconomics

Principles of Microeconomics Book
Author : Karl E. Case,Ray C. Fair
Publisher : Unknown
Release : 1992
ISBN : 9780135852095
Language : En, Es, Fr & De

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Book Description :

Download Principles of Microeconomics book written by Karl E. Case,Ray C. Fair, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.