Modern Western Economics (Microeconomics) (Third Edition)

Author: Song Chengxian / Xu Qiang
Publisher:
Publish Date: 2005-04-01
Features: After World War II, Western economists gradually divided political economy (theoretical economics) into two main parts: microeconomics and macroeconomics. Microeconomics focuses on the behavior of individual economic entities. This book is the microeconomics section of our press's Modern Western Economics, consisting of five parts and eighteen chapters, including basic economic concepts, consumer demand theory, supply theory, the determination of market and price, and the theory of the price of production factors and income distribution. The third edition was meticulously proofread and revised in terms of language and scientific accuracy by Professor Xu Qiang, a visiting scholar at the State University of New York in the United States. Additionally, based on the new developments in Western economics, new content was added, including Section 3 of Chapter 16, "Two Theorems of Welfare Economics," and Chapter 16, "Decision Making and Game Theory."