000			01606 a2200181 4500
003			OSt
020			_a9781108773218
040			_cIIT Kanpur
041			_aeng
082			_a339 _bV869p
100			_aVohra, Rakesh V.
245			_aPrices and quantities [Access till September 2022] _bfundamentals of microeconomics _cRakesh V. Vohra
260			_bCambridge university press _c2020 _aUnited Kingdom
520			_aRakesh V. Vohra offers a unique approach to studying and understanding intermediate microeconomics by reversing the conventional order of treatment, starting with topics that are mathematically simpler and progressing to the more complex. The book begins with monopoly, which requires single variable rather than multivariable calculus and allows students to focus clearly on the fundamental trade-off at the heart of economics: margin versus volume. Imperfect competition and the contrast with monopoly follows, introducing the notion of Nash equilibrium. Perfect competition is addressed toward the end of the book, and framed as a model of non-strategic behavior by firms and agents. The last chapter is devoted to externalities, with an emphasis on how one might design competitive markets to price externalities and linking the difficulties to the problem of efficient provision of public goods. Real-life examples engage the reader while encouraging them to think critically about the interplay between model and reality.
650			_aMicroeconomics
856			_uhttps://www.cambridge.org/highereducation/books/prices-and-quantities/DF45DFA6BE48B9B82C83DF57C85DDC02
942			_cEBK
999			_c563595 _d563595