Microeconomics 3rd Edition by Hugh Gravelle, Ray Rees ISBN 0582404878 978-0582404878 by Rees, Ray; Gravelle, Hugh S. E; Rees, Ray 9780582404878, 0582404878 instant download after payment.

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Product details:

ISBN 10: 0582404878

ISBN 13: 978-0582404878 

Author: Hugh Gravelle, Ray Rees 

Table of contents:

The Nature and Scope of Microeconomics

• Concepts and Methods

• The Economic and Social Framework

Consumer Theory

• The Theory of the Consumer

• The Preference Ordering

• The Feasible Set

• The Consumption Decision

• The Comparative Statics of Consumer Behaviour

• Offer Curves and Net Demand Curves

• Appendix 1: The Lexicographic Ordering

• Appendix 2: Existence of a Utility Function

Consumer Theory: Duality

• The Expenditure Function

• The Indirect Utility Function, Roy’s Identity and the Slutsky Equation

• Measuring the Benefits of Price Changes

• Composite Commodities, Separability and Homotheticity

• Further Models of Consumer Behaviour

• Revealed Preference

• The Consumer as a Labour Supplier

• Consumption and the Allocation of Time

• Households

Production

• Introduction

• The Production Function

• Variations in Scale

• Variations in Input Proportions

• The Multi-product Case

Cost

• Introduction

• Long-run Cost Minimization

• Short-run Cost Minimization

• Cost Minimization with Several Plants

• Multi-product Cost Functions

Supply and Firm Objectives

• Long-run Profit Maximization

• Short-run Profit Maximization

• The Multi-product Firm

• The Profit Function and Comparative Statics

• The Entrepreneurial Firm

• Labour-managed Firms

The Theory of a Competitive Market

• Short-run Equilibrium

• Stability of Equilibrium

• Long-run Equilibrium

• Conclusions

Monopoly

• Introduction

• Price and Output Determination under Monopoly

• Price Discrimination

• Monopoly Welfare Loss

Input Markets

• Demand for Inputs

• Monopsony

• Unions as Monopoly Input Suppliers

• Bilateral Monopoly

Capital Markets

• Introduction

• Optimal Consumption over Time

• The Optimal Investment Decision

• Capital Market Equilibrium under Certainty

• Extension to Many Periods

General Equilibrium

• Introduction

• Walrasian Equilibrium of a Competitive Economy

• Existence of Walrasian Equilibrium

• Stability of Walrasian Equilibrium

• Edgeworth Exchange Theory

• Exchange, Equilibrium and the Core

Welfare Economics

• Introduction

• Pareto Efficient Resource Allocation

• Welfare Functions and the Pareto Criterion

• Pareto Efficiency and Competitive Markets

• Distribution and Markets

• Arrow’s Impossibility Theorem

Market Failure and Government Failure

• The Causes of Market Failure

• Instances of Market Failure

• The Theory of the Second Best

• Government Action and Government Failure

Game Theory

• Introduction

• Game Representation and Solutions

• Games of Imperfect and Incomplete Information

• Mixed Strategies

• Cooperative Bargaining Games

• Bargaining as a Non-cooperative Game

• Delay and Disagreement in Bargaining

Oligopoly

• Introduction

• One-shot Games

• Oligopoly as a Repeated Game

• Entry

• Conclusions

Choice under Uncertainty

• Introduction

• A Formalization of Uncertainty

• Choice under Uncertainty

• Properties of the Utility Function

• Risk Aversion and Indifference Curves

• Measures of Risk

• Comparative Statics under Uncertainty

Production under Uncertainty

• Introduction

• Competitive Firm under Uncertainty

• Production with Futures Markets

Insurance, Risk Spreading and Pooling

• Introduction

• The Insurance Decision

• Incomplete Insurance Markets

• Risk Spreading: The Arrow–Lind Theorem

• Risk Pooling and Diversification

• Asymmetric Information in Insurance Markets: Adverse Selection

• Asymmetric Information in Insurance Markets: Moral Hazard

• Signalling

Agency, Contract Theory and the Firm

• Critique of the Classical Theory of the Firm

• Agency Theory and the Separation of Ownership from Control

• The Moral Hazard Principal–Agent Model

• The Adverse Selection Principal–Agent Model

General Equilibrium under Uncertainty and Incomplete Markets

• Introduction

• Complete Markets in State-contingent Income Claims

• State-contingent Commodities

• Efficiency with Production

• The Stock Market

• Incomplete Stock Markets

Mathematical Appendices

• The Structure of an Optimization Problem

• Solutions to Optimization Problems

• Existence of Solutions

• Local and Global Optima

• Uniqueness of Solutions

• Interior and Boundary Optima

• Concave Programming and the Kuhn–Tucker Conditions

• Second-order Conditions and Comparative Statics

• The Envelope Theorem

• Fixed Points and Brouwer’s Theorem

• Bayes’ Theorem

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Tags: Hugh Gravelle, Ray Rees, Microeconomics