English | 9 Oct. 2017 | ISBN: 3319575880 | 336 Pages | PDF | 2.44 MB
This text provides a comprehensive and unique introduction to modern microeconomics. It pursues an integrative approach by putting the main findings of economics into a broader perspective
Starting from the question as to why and how societies organize economic activity, the book adopts an institutional perspective to analyze the potential and limitations of different market types with regard to alleviating scarcity and achieving distributive objectives.
It not only covers traditional rational-choice models, but also systematically introduces readers to important findings from behavioral economics and psychology.
A companion workbook is available which features a wide variety of exercises, ranging from basic multiple-choice questions to challenging mathematical problems and case study scenarios.