Microeconomics will give readers a solid foundation in microeconomic analysis, using mathematical techniques where appropriate. The book is designed to assist the student’s learning in every way possible and contains comprehensive sets of problems and examples at all stages.
In the 2nd edition, a chapter on the market mechanism has been added at the start, several chapters have been simplified (with more advanced material moved to appendices) and the rest of the book has been updated, including the figures, tables and examples.
The book is divided into three parts. Part One looks at prices in various types of market and after various types of intervention. Part Two is about the pricing of factors of production and housing. Part Three concentrates on global trends and how these impact on international trade and co-operation.
Its carefully tailored content is ideal for use on the AP programmes as well as the Bachelor in Financial Management and Services pro¬gramme. It is also part of the curriculum of the Graduate Diploma in Business Administration (in Danish, abbreviated HD) part I.
The book is a companion piece to Hans Jørgen Biede’s Macroeconomics.