Microeconomics: A Computational Approach: A Computational Approach [Hardcover]

This concise and comprehensive introduction to economics offers readers at all levels a more realistic approach to understanding the elements of resource and product markets, including the role of business decisions; technological change; product differentiation; uncertainty; and the optimal location of activities. With the book's easy-to-use software package for computations, even non-economists will become strongly motivated and can gain a proficiency in economic analysis as well as in practical and professional decision-making skills. End-of-chapter problems, computer exercises, programming examples, and numerous diagrams further enhance the book's usefulness.A concise yet comprehensive introduction to economics, aimed at anyone who desires a more realistic approach to understanding the elements of resource and product markets, including the role of business decisions, technological change and product differentiation.Part I Basic Economics and Decisions; Chapter 1 Good Economic Thinking: Its Focus and Its Limitations; Chapter 2 Free Markets: A Subtle and Decentralized System of Decision and Control Over Resource Use; Chapter 3 Consumer Decision, Product Demand, and Market Price; Chapter 4 Underlying Physical Aspects of Production Decisions; Chapter 5 Decision in the Firm: The Input Approach; Chapter 6 Decision in the Firm: The Output Approach; Chapter 7 Graphic Form for Product Supply and Resource Demand Analysis; Part II Computational Economics and Decisions; Chapter 8 The Practical Form for Decision: Linear Programming; Chapter 9 Changes in Product Price and Changes in Labor Cost; Chapter 10 Technological Change, Investment, and the Financial Industry; Chapter 11 Departure From Competition in the Product Market; Chapter 12 Departure From Competition in the Labor Market; Chapter 13 Uncertainty in Product Price: Risk Neutrality and Risk Aversion; Chapter 14 Multiple Objectives and Environmental Policy; Chapter 15 Multiple Products and Multiple Processes; Chapter l-