Understanding Microeconomics

ebook

By Philip Mohr

cover image of Understanding Microeconomics

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A concise but clear introduction to economics in general and microeconomics in particular, within a South African context. Aimed at first year students of economics at universities and universities of technology.

  • A companion text, Understanding macroeconomics, is also available.Contents include the following:

  • What economics is all about
  • Important concepts, issues and relationships
  • Demand, supply and prices
  • Demand and supply in action
  • Elasticity
  • The theory of demand: the utility approach
  • The theory of demand: the indifference approach
  • Background to supply: production and cost
  • Market structure 1: Overview and perfect competition
  • Market structure 2: Monopoly and imperfect competition
  • Understanding Microeconomics