Intermediate Microeconomics

Author: Ye Delie
Publisher:
Publish Date: 2005-07-01
Features: A complete theoretical system of microeconomics, though originating from Marshall's brilliant theoretical creation, the foundation of microeconomics and its academic accumulation can even be traced back to ancient Greece. Plato, while leaning on his philosophical staff and wandering through his "Republic," discussed the economic significance of division of labor; Aristotle, in explaining the moral category of fairness, expressed extraordinary insights on the form of commodity exchange. The intermediate level covers the fundamental knowledge of economic decision-making by microeconomic entities and the role of markets in resource allocation. First, it discusses the decision-making of consumers and firms, as well as market equilibrium and its welfare economic implications under idealized perfect competition conditions, then shifts to discussing less ideal but more realistic imperfectly competitive market structures. Later, it will introduce the basic content of general equilibrium theory and welfare economics. This book aims to reflect the teaching innovations and theoretical achievements of contemporary microeconomics, emphasizing the accurate understanding of fundamental economic concepts and the mastery of standard economic analytical tools, laying a solid theoretical foundation for further study in other economics courses.