Modern Western Economics. Microeconomics

Author: Song Chengxian
Publisher:
Publish Date: 2004-08-01
Features: After World War II, Western economists gradually divided political economy (theoretical economy) into two main parts: microeconomics and macroeconomics. Microeconomics focuses on the behavior of individual economic entities. This book is the microeconomics part of our press's Modern Western Economics, consisting of five sections and eighteen chapters, including basic economic concepts, consumer demand theory, supply theory, the determination of market and price, and the theory of the price and income distribution of production factors. The third edition has been meticulously proofread and revised in terms of language and scientific accuracy by Mr. Xu Qiang, a visiting professor from the State University of New York, USA. Additionally, based on the new developments in Western economics, new content has been added, including Section 3 of Chapter 16, "Two Theorems of Welfare Economics," and Chapter 16, "Decision Making and Game Theory."