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Business professionals that struggle to understand key concepts in economics and how they are applied in the field rely on Microeconomics. The fourth edition makes the material accessible while helping them build their problem-solving skills. It includes numerous new practice problems and exercises that arm them with a deeper understanding. Learning by Doing exercises explore the theories while boosting overall math skills. Graphs are included throughout the mathematical discussions to reinforce the material. In addition, the balanced approach of rigorous economics gives business professionals a more practical resource.
How the Chicago School Overshot the Mark is about the rise and recent fall of American antitrust. It is a collection of 15 essays, almost all expressing a deep concern that conservative economic analysis is leading judges and enforcement officials toward an approach that will ultimately harm consumer welfare. For the past 40 years or so, U.S. antitrust has been dominated intellectually by an unusually conservative style of economic analysis. Its advocates, often referred to as "The Chicago School," argue that the free market (better than any unelected band of regulators) can do a better job of achieving efficiency and encouraging innovation than intrusive regulation. The cutting edge of Chic...
Leading scholars in the field of health economics evaluate the role of incentives in health and health-care decision making from the perspectives of both supply and demand.
What is Science Branches The sciences, often known as scientific areas or scientific disciplines, are typically subdivided into the following three primary categories:The study of formal systems, such as those that fall within the categories of logic and mathematics, that employ an a priori methodology, as opposed to an empirical one, is referred to as the formal sciences.The study of natural occurrences is referred to as the natural sciences. There are two primary sub-disciplines that make up natural science: the physical sciences and the life sciences.The study of human behavior in relation to society and culture is referred to as the social sciences. How you will benefit (I) Insights, and...
This book examines incentives at work to see how and how well coordination is achieved by motivating individual decision makers.
What is Economic Agents An agent is a participant or actor in an economic model representing some component of the economy. In most cases, a decision is made by an agent by means of the resolution of an optimization or choice problem, which may or may not be clearly specified. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Agent (economics) Chapter 2: Economics Chapter 3: General equilibrium theory Chapter 4: New Keynesian economics Chapter 5: Experimental economics Chapter 6: Representative agent Chapter 7: Macroeconomic model Chapter 8: Computational economics Chapter 9: Overlapping generations model Chapter 10: Lange model Chapter 11: Sonnenschei...
In this landmark book, Scott Page redefines the way we understand ourselves in relation to one another. The Difference is about how we think in groups--and how our collective wisdom exceeds the sum of its parts. Why can teams of people find better solutions than brilliant individuals working alone? And why are the best group decisions and predictions those that draw upon the very qualities that make each of us unique? The answers lie in diversity--not what we look like outside, but what we look like within, our distinct tools and abilities. The Difference reveals that progress and innovation may depend less on lone thinkers with enormous IQs than on diverse people working together and capita...
This “fun, brain-twisting book . . . will make you think” as it explores more than 75 paradoxes in mathematics, philosophy, physics, and the social sciences (Sean Carroll, New York Times–bestselling author of Something Deeply Hidden). Paradox is a sophisticated kind of magic trick. A magician’s purpose is to create the appearance of impossibility, to pull a rabbit from an empty hat. Yet paradox doesn’t require tangibles, like rabbits or hats. Paradox works in the abstract, with words and concepts and symbols, to create the illusion of contradiction. There are no contradictions in reality, but there can appear to be. In Sleight of Mind, Matt Cook and a few collaborators dive deeply ...
The Mathematics of Voting and Elections: A Hands-On Approach, Second Edition, is an inquiry-based approach to the mathematics of politics and social choice. The aim of the book is to give readers who might not normally choose to engage with mathematics recreationally the chance to discover some interesting mathematical ideas from within a familiar context, and to see the applicability of mathematics to real-world situations. Through this process, readers should improve their critical thinking and problem solving skills, as well as broaden their views of what mathematics really is and how it can be used in unexpected ways. The book was written specifically for non-mathematical audiences and r...
Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals. * Second edition provides new and updated information * Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism * Features a cohesive and versatile general equilibrium framework