Name: Microeconomics
Author: Michael Parkin
ISBN: 9780201637830

Microeconomics

Michael Parkin

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Menrva's Summary

THE THESIS

This text investigates the fundamental principles of microeconomic theory and their application to individual and firm decision-making processes. Michael Parkin, a prominent economist and academic, utilizes a structured pedagogical framework to explain how scarcity, incentives, and market structures dictate the allocation of resources. The book presents core models of supply and demand, consumer behavior, and production costs to provide a comprehensive analytical foundation for students and professionals alike.

THE SCOPE MAP

What You Will Find

Analysis of supply and demand equilibrium in competitive markets
Theoretical frameworks for consumer choice and utility maximization
Examination of firm production costs and market structures including monopoly and oligopoly
Quantitative methodology for calculating elasticity and market efficiency

THE AUTHORITY PERSPECTIVE

Experts frequently cite this work as a foundational text for introductory and intermediate economics courses due to its clear, logical progression of concepts. Readers often note the academic density of the prose, which is designed to provide a rigorous grounding in economic modeling and quantitative analysis.

Page Count:
576

Publication Date:
1999-07-01

Publisher:
Addison-Wesley Longman, Incorporated

ISBN-10:
0201637839

ISBN-13:
9780201637830

Economics

textbook

Education

Microeconomics