Principles of Microeconomics: An Integrative Approach

Specifications

Book Description

This introductory guide to contemporary microeconomics, Colmar's Principles of Microeconomics: An Integrative Approach (PDF), is both thorough and original in its presentation of the subject matter. It takes an integrative approach by putting the most important findings of economics into a broader perspective. Theories are critically reflected on from a philosophical standpoint and by comparing them to approaches found in the social sciences. Implications for the design of the legal system and business practices are highlighted throughout the book. In addition, the e-book includes both condensed examples and in-depth case studies, both of which are designed to make it easier to comprehend the relevance of the theories to the actual world.

This book adopts an institutional perspective to analyze the potential and limitations of various market types with regard to alleviating scarcity and achieving distributive objectives. The book begins with the question of why and how societies organize economic activity, and it moves on to consider how different market types can help achieve distributive objectives. Not only does it discuss conventional theories of rational decision, but it also methodically introduces readers to significant results from behavioral economics and psychology.