Microeconomics : the firm and the market economy

Intended for microeconomics courses that go beyond a basic introductory level but do not require the depth of theoretical analysis presented in most standard intermediate microeconomics texts, this book is well suited for use on economic degree courses as a first year microeconomics text, or for second year microeconomics on degree courses where economics is a subsidiary subject. Providing a concise readable coverage of the standard microeconomics topics, it also introduces students to the theory of contestable markets, linear production theory, and alternative theories of the firm, including the Marxian paradigm, and relates microeconomic theory to the real world. Front Matter....Pages i-xi The market economy....Pages 1-45 Production....Pages 46-72 Costs....Pages 73-107 Theories of the firm....Pages 108-123 Perfect competition....Pages 124-136 Monopoly....Pages 137-151 Oligopoly....Pages 152-173 Monopolistic competition and contestable markets....Pages 174-183 Consumer theory....Pages 184-208 Factor markets....Pages 209-232 The Marxian theory of the firm and the market economy....Pages 233-250 Welfare economics....Pages 251-271 Back Matter....Pages 272-288 Intended for first and second year undergraduate economics and business studies students, this book covers standard microeconomics topics and an introduction to the theory of contestable markets, linear production theory and alternative theories of the firm, including the Marxian paradigm.