Synopses & Reviews
Applied Microeconomics focuses on economic applications and problems which affect both the UK and other European countries. Stephen Hope provides a balance between theoretical and applied material and shows how microeconomic theory applies in a real-world context. This clear relationship between carefully selected applications and the mainstream body of theory is one of the distinctive features of this book. Other key features include: Provides an accessible explanation of the main principles of microeconomic theory Assists the reader in understanding the usefulness and limitations of neo-classical theory Includes an in-depth discussion of selected applications e.g. housing, labour supply and work incentives, and competition and regulation Clearly structured with numerous questions, end of chapter summaries and mathematical appendices
Synopsis
Focusing on economic applications and problems effecting both the UK and other European countries. Hope provides a balance between theoretical and applied material and shows how microeconomic theory can be applied in a real world context.
About the Author
Stephen Hope is a Senior Lecturer in Economics at Thames Valley University, London.
Table of Contents
HOUSEHOLD DECISION-MAKING.
Consumer Theory and Demand.
Price Changes and Consumer Welfare.
Labour Supply.
Savings and Asset Accumulation.
Risk, Uncertainty and Insurance.
Risk, Uncertainty and Household Assets.
THE FIRM AND MARKET STRUCTURES.
The Neo-Classical Theory of the Firm.
Alternative Theories of the Firm.
Competition.
Monopoly and Market Power.
Models of Oligopoly.
Competition and Regulation Policy.
ANALYSIS OF FACTOR MARKETS.
Factor Markets.
The Labour Market.
Capital Markets and Investment by Firms.
GENERAL EQUILIBRIUM AND SOCIAL WELFARE.
General Equilibrium Analysis.
Externalities and the Environment.
The Distribution of Income.
Appendix.
Index.
Acknowledgements.