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Price theory and its uses / by Donald Stevenson Watson and Malcolm Getz IB

By: Material type: TextTextPublication details: Delhi; Khosla Pub.; 1986Edition: 5th edDescription: 534pISBN:
  • 395300568
Subject(s): DDC classification:
  • 338.5 WAT c.12
Summary: This text balances a clear exposition of microeconomic theory with topical applications. The central concepts are explained in direct language, displayed in diagrams with descriptive captions, put in context with descriptions of real-life examples where the theory applies, illustrated with concrete numerical prob lems using simple algebra, and recapped with questions and problems. In this way, the important theoretical ideas are exposed in several different lights. Some students will respond better to some of the approaches than to others, but for most students the integration of several perspectives helps to achieve
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This text balances a clear exposition of microeconomic theory with topical applications. The central concepts are explained in direct language, displayed in diagrams with descriptive captions, put in context with descriptions of real-life examples where the theory applies, illustrated with concrete numerical prob lems using simple algebra, and recapped with questions and problems. In this way, the important theoretical ideas are exposed in several different lights. Some students will respond better to some of the approaches than to others, but for most students the integration of several perspectives helps to achieve

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