Modern microeconomics IB
- 2nd ed.
- London Macmillan Press 1982
- 581p.
Modern Microeconomics is written at an intermediate level and is designed for undergraduate microeconomics courses. Postgraduate courses in which micro-theory is taught at not too specialised a level can also make use of the text.
This second edition is presented in three parts. Part One examines the behaviour of the consumer and other buyers, and develops the basic tools of analysis of the behaviour of the firm, its revenue and cost curves. Part Two deals with the theory of the firm, concentrating on oligopoly, the main form of market structure in the modern industrial world. Part Three discusses the theory of factor pricing, general equilibrium theory and welfare theory.
The new edition thus covers all the topics usually included in textbooks on price theory, in addition to offering a comprehensive treatment of classical and modern theories of the firm. It will continue to provide the student with the necessary tools and general theoretical framework with which to approach and analyse with more realism the complex phenomena of the contemporary business world.