000			01637 a2200229 4500
003			OSt
005			20220922152033.0
008			220922b xxu||||| |||| 00| 0 eng d
020			_a9781108715690
040			_cIIT Kanpur
041			_aeng
082			_a338.5 _bV869p
100			_aVohra, Rakesh V.
245			_aPrices and quantities _bfundamentals of microeconomics _cRakesh V. Vohra
260			_bCambridge University Press _c2020 _aCambridge
300			_axv, 207p
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
650			_aMicroeconomics -- Study and teaching
650			_aPrices
942			_cBK
999			_c565757 _d565757