Microeconomics

Author: Miao Yulin He Tao
Publisher:
Publish Date: 2005-09-01
Features: Microeconomics studies the behavior of individual households and firms in market economy systems and their interrelationships, examining the formation of prices for individual products or inputs, and explaining how society utilizes market mechanisms to solve resource allocation problems. This book is divided into 10 chapters, including supply and demand principles, analysis of consumer behavior, the production behavior of firms, production costs, market and firm's surplus and price determination, the determination of factor prices and income distribution, general equilibrium theory, welfare economics, market failures and government microeconomic policies, etc. This book is suitable as a textbook for undergraduate and junior college students majoring in economics and management, as well as a self-study reference book for a broad range of economic professionals.