Leseprobe
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Chicago Price Theory
Casey B. Mulligan, Kevin M. Murphy, Sonia Jaffe, et al.
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Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft
Beschreibung
An authoritative textbook based on the legendary economics course taught at the University of Chicago
Price theory is a powerful analytical toolkit for measuring, explaining, and predicting human behavior in the marketplace. This incisive textbook provides an essential introduction to the subject, offering a diverse array of practical methods that empower students to learn by doing. Based on Economics 301, the legendary PhD course taught at the University of Chicago, the book emphasizes the importance of applying price theory in order to master its concepts.
Chicago Price Theory features immersive chapter-length examples such as addictive goods, urban-property pricing, the consequences of prohibition, the value of a statistical life, and occupational choice. It looks at human behavior in the aggregate of an industry, region, or demographic group, but also provides models of individuals when they offer insights about the aggregate. The book explains the surprising answers that price theory can provide to practical questions about taxation, education, the housing market, government subsidies, and much more.
- Emphasizes the application of price theory, enabling students to learn by doing
- Features chapter-length examples such as addictive goods, urban-property pricing, the consequences of prohibition, and the value of a statistical life
- Supported by video lectures taught by Kevin M. Murphy and Gary Becker
- The video course enables students to learn the theory at home and practice the applications in the classroom
Kundenbewertungen
Opportunity cost, Wage, Consumer, Price ceiling, Factor price, Isoquant, Profit maximization, Consumer choice, Supply (economics), Demand curve, Durable good, Production function, Real wages, Change In Supply, Tax incidence, Capital asset, Revenue, Investment goods, Economics, Inferior good, Economic equilibrium, Price controls, Cost curve, Depreciation, Demand, Value of life, Comparative advantage, Microeconomics, Income, Subsidy, Indifference curve, Price elasticity of demand, Probability, Marshallian demand function, Price Change, Productivity, Total cost, Deadweight loss, Complementary good, Efficient-market hypothesis, Law of demand, Competition (economics), Substitution effect, Market clearing, Utility, Slutsky equation, Price elasticity of supply, Economic surplus, Marginal cost, Supply and demand, Marginal Cost Of Production, Marginal utility, Giffen good, Earnings, Discrete choice, Externality, Quantity, Human capital, Reservation price, Production–possibility frontier, Willingness to pay, Income elasticity of demand, Marginal product, Price discrimination, Price index, Tax, Capital loss, Stock, Investment, Cost overrun