The Microeconomic Mode

The Microeconomic Mode

Author: Jane K. Elliott

Publisher: Columbia University Press

Published: 2018-06-26

Total Pages: 231

ISBN-13: 023154751X

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From The Road to Game of Thrones, across works as seemingly different as Gone Girl and Saw, literature, film, and television have become obsessed with the intersection of survival and choice. When the trapped rock-climber hero of 127 Hours is confronted with self-amputation or death, it is only a particularly blunt example of an omnipresent set-up. In real-life settings or fantastical games, protagonists find themselves confronting extreme scenarios with life-or-death consequences, forced to make torturous either-or choices in stripped-down, brutally stark environments. Jane Elliott identifies and analyzes this new and distinctive aesthetic phenomenon, which she calls “the microeconomic mode.” Through close readings of its narratives, tropes, and concepts, she traces the implicit theoretical and political claims conveyed by this combination of abstraction and extremity. In the microeconomic mode, humans isolated from any forms of social organization operate within a mini-economy of costs and benefits, gains and losses, measured in the currency of life. Elliott reads the key concepts that emerge from this aesthetic—life-interest, sovereign capture, and binary life—in relation to biopolitics and natural law theory, becoming and the control society, and primitive accumulation in racial capitalism. The microeconomic mode interrogates the destruction of the liberal political subject, but what it leaves in its place is as disturbing as it is radically new. Going beyond the question of neoliberalism in literature, The Microeconomic Mode combines revelatory close readings of key literary and popular texts with significant theoretical interventions to identify how an aesthetics of choice has reshaped our contemporary understanding of what it means to be human.


Models in Microeconomic Theory

Models in Microeconomic Theory

Author: Martin J. Osborne

Publisher: Open Book Publishers

Published: 2023-06-26

Total Pages: 382

ISBN-13: 180511123X

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Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels.


Microeconomic Theory

Microeconomic Theory

Author: R. K. Mandal

Publisher: Atlantic Publishers & Dist

Published: 2007-07

Total Pages: 376

ISBN-13: 9788126908127

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The Present Book Provides The Most Clear And Accurate Presentation Of Advanced Microeconomic Concepts. Microeconomics Lays The Basic Foundation Of The Understanding Of Economics. A Good Grasp Of Microeconomics Is Vital For Both Managerial And Public Policy Decision-Making As Well As Analyzing The Modern Trends Of Economy. Primarily Designed To Serve As A Textbook, Microeconomic Theory Covers The Fundamental Concepts And Deals With All The Topics Extensively In An Easily Comprehensible Style. Mathematical Tools And Techniques Have Been Used Wherever Required For The Purpose Of Easy Elucidation Of The Subject Matter. An Ideal Textbook For Both The Graduates As Well As Undergraduates Of The Indian Universities Across The Country, It Gives Students The Opportunity To Work With Theoretical Tools, Real-World Applications And Cutting Edge Developments In The Study Of Microeconomics. Case Studies And Diagrammatic Presentations Have Been Incorporated So As To Make The Subject More Accessible And Interesting. Model Questions And References Included In The Book Will Enable The Readers To Make Self-Assessment And Pursue The Topics In Detail.It Is Hoped That Besides The Students Of Economics, The Book Will Also Be Useful To The Candidates Preparing For Competitive Examinations Like Upsc, State Public Service Examinations Etc.


Models in Microeconomic Theory

Models in Microeconomic Theory

Author: Martin Osborne

Publisher:

Published: 2020-03-18

Total Pages: 362

ISBN-13: 9781783748938

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The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results.


Microeconomics: Theory And Applications Part Ii

Microeconomics: Theory And Applications Part Ii

Author: S. P. S. Chauhan

Publisher: PHI Learning Pvt. Ltd.

Published: 2009-12

Total Pages: 295

ISBN-13: 8120337158

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This book presents a scientific and systematic development of the under-lying concepts of microeconomics with due emphasis on analytical and mathematical treatment, much needed for an application orientation of mind, to help students in understanding and tackling the real-world problems. The book is organized into nine chapters. The first chapter is devoted to price-output decisions of a monopoly. It provides a comprehensive account of these decisions under all their manifestations in a systematic manner with illustrative sketches and mathematical explanations. Chapters 2 to 4, devoted to imperfect markets, cover monopolistic competition, duopoly and oligopoly under different situations of product pricing and quantity determination. The analysis is systematic incorporating illustrative sketches and mathematical explanations. Chapter 4 presents the sales maximization models of Baumol. Chapter 5 is devoted to factor pricing and Chapter 6 to capital and investment decisions. The former focuses on pricing of variable and fixed factors of production while the latter on intertemporal analysis and choice under uncertainty. Chapters 7 to 9, devoted to general equilibrium and market failure, analyse topics on general equilibrium and Pareto efficiency, markets with asymmetric information and externalities and public goods. This title includes: over 145 neatly drawn figures to clarify the concepts; chapter-end summaries as 'key terms and concepts' to facilitate quick revision; over 410 chapter-end short and long answer questions of numerical and analytical nature with hints, and answers as appropriate to probe the student's assimilation of the material covered; and, numerous illustrative examples throughout the text to illustrate the application of concepts.


Advanced Microeconomic Theory

Advanced Microeconomic Theory

Author: Geoffrey Alexander Jehle

Publisher:

Published: 2001

Total Pages: 543

ISBN-13: 9780321204530

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This advanced economics text bridges the gap between familiarity with microeconomic theory and a solid grasp of the principles and methods of modern neoclassical microeconomic theory.


Microeconomic Foundations I

Microeconomic Foundations I

Author: David M. Kreps

Publisher: Princeton University Press

Published: 2013

Total Pages: 583

ISBN-13: 0691155836

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Provides a rigorous treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these tools.


Microeconomic Modeling in Urban Science

Microeconomic Modeling in Urban Science

Author: Francisco Martinez Concha

Publisher: Academic Press

Published: 2018-07-10

Total Pages: 296

ISBN-13: 0128152974

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Microeconomic Modeling in Urban Science proposes an interdisciplinary framework for the analysis of urban systems. It portrays agents as rational beings modeled under the framework of random utility behavior and interacting in a complex market of location auctions, location externalities, agglomeration economies, transport accessibility attributes, and planning regulations and incentives. Francisco Javier Martinez Concha considers the optimal planning of cities as he explores interactions between citizens and between citizens and firms, the mesoscopic agglomeration of firms and the segregation of agents’ socioeconomic clusters, and the emergence of city-level scale laws. Its unified model of city life is relevant to micro-, meso- and macro-scale interactions. Presents a unified, coherent and realistic framework able to simulate complete urban systems Describes the use of discrete–choice and stochastic behavior models in the auction spatial-equilibrium market Includes computing outputs from Cube-Land modeling using GIS


Models in Microeconomic Theory

Models in Microeconomic Theory

Author: Martin J. Osborne

Publisher: Open Book Publishers

Published: 2023-06-26

Total Pages: 382

ISBN-13: 1805111264

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Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice. The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises. With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels.