Jack Hirshleifer was a Fellow of the American Academy of Arts and Sciences and a Fellow of the Econometric Society. He served as Vice-President of the American Economic Association and as President of the Western Economic Association, and as a member of the Editorial Boards of the American Economic Review, the Journal of Economic Behavior and Organization, and of the new Journal of Bioeconomics. In 2000 he was elected a Distinguished Fellow of the American Economic Association.

Texte du rabat

This seventh edition is designed for undergraduate courses in intermediate microeconomics. There are over a hundred extended boxed examples on news-making subjects such as monopoly control of inventions, the effect of pension plans on savings, air bags effects on auto safety, the UK National Lottery, Internet auctions such as E-bay, use of lab experiments in economics, and fads in television programming. Almost every chapter contains several worked numerical examples with many answers appearing at the back of the book. The web support has also been updated.

Contenu

The nature and scope of economics; 2. Working tools; 3. Utility and preference; 4. Consumption and demand; 5. Applications and extensions of demand theory; 6. The business firm; 7. Equilibrium in the product market - competitive industry; 8. Monopolies, cartels and networks; 9. Product quality and product variety; 10. Competition among the few: oligopoly and strategic behavior; 11. Dealing with uncertainty - the economics of risk and information; 12. The demand for factor services; 13. Resource supply and factor-market equilibrium; 14. Exchange, transaction costs and money; 15. The economics of time; 16. Welfare economics: the market and the state; 17. Government, politics and conflict.