Principles of Microeconomics: An Integrative Approach

This textbook provides a comprehensive and unique introduction to modern microeconomics, adopting an integrative approach and critically reflecting on theories from a philosophical standpoint. It includes brief examples and comprehensive case studies to help students grasp the real-world implications of the theories and is suitable for an applied, yet technically precise approach to teaching microeconomics. The second edition expands on decision theory by including chapters on traditional decision theory, behavioral economics, and neurosciences, as well as updated case studies and examples. A companion workbook with exercises is also available.

Format: Hardback
Length: 499 pages
Publication date: 26 November 2021
Publisher: Springer Nature Switzerland AG

This textbook offers a comprehensive and distinctive introduction to modern microeconomics, adopting an integrative approach that places economic findings within a broader context. It critically examines theories from a philosophical standpoint, comparing them to approaches found in the social sciences, while also emphasizing their implications for the design of legal systems and business practices. Designed for undergraduate students, the book includes brief examples and comprehensive case studies to facilitate a better understanding of the real-world applications of the theories. It serves as a suitable resource for an applied, yet technically precise, approach to teaching microeconomics, as well as for a critical evaluation of the economic mainstream.

Beginning with the question of why and how societies organize economic activity, the textbook analyzes the potential and limitations of various market types in addressing scarcity and achieving distributive objectives, from an institutional perspective. In the second edition, decision theory is extensively expanded, encompassing chapters on traditional decision theory under risk and uncertainty, behavioral economics, and a chapter presenting findings from the neurosciences, evolutionary psychology, and narrative psychology. Additionally, theoretical additions, along with updated case studies and examples, are included, ranging from trade wars to pandemics and the climate crisis.

A companion workbook, featuring a wide range of exercises, including basic multiple-choice questions, challenging mathematical problems, and case studies, is also available to accompany the textbook. This workbook provides students with further opportunities to reinforce their understanding and apply the concepts learned in the text.

In summary, this textbook provides a thorough and insightful introduction to modern microeconomics, offering a comprehensive and interdisciplinary perspective that is valuable for students, scholars, and professionals alike.

Weight: 934g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030781668
Edition number: 2nd ed. 2022