Microeconomics

Author: Zhu Shanshu
Publisher:
Publish Date: 2003-01-01
Features: This book is an intermediate microeconomics textbook that briefly introduces the research objects and methods of microeconomics. After a simple analysis of supply, demand, and equilibrium price theory, the author delves into consumer behavior theory, utility theory underlying the demand curve, as well as producer behavior theory, production function theory, and cost theory underlying the supply curve. The book focuses on the pricing behavior of firms in perfectly competitive, monopoly, monopolistic competition, and oligopoly markets, and analyzes firm behavior using game theory. Building on the pricing analysis in product markets, the author examines issues of factor pricing, income distribution, general equilibrium, and welfare economics, and finally analyzes market failures.