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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 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.
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.
Russell Cooper and Andrew John have written an economics text aimed directly at students from its very inception. You?re thinking, "Yeah, sure. I?ve heard that before." This textbook, Economics: Theory Through Applications, centers around student needs and expectations through two premises:? Students are motivated to study economics if they see that it relates to their own lives.? Students learn best from an inductive approach, in which they are first confronted with a problem, and then led through the process of solving that problem. Many books claim to present economics in a way that is digestible for students; Russell and Andrew have truly created one from scratch. This textbook will assist you in increasing students? economic literacy both by developing their aptitude for economic thinking and by presenting key insights about economics that every educated individual should know. How? Russell and Andrew have done three things in this text to accomplish that goal: Applications Ahead of Theory: They present all the theory that is standard in Principles books. But by beginning with applications, students get to learn why this theory is needed. Learning through Repetition: Important tools appear over and over again, allowing students to learn from repetition and to see how one framework can be useful in many different contexts. A Student?s Table of Contents vs. An Instructor?s Table of Contents: There is no further proof that Russell and Andrew have created a book aimed specifically at educating students about economics than their two tables of contents.
Microeconomic Theory Old and New: A Student's Guide has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text presents in detail the three building blocks of Walrasian theory—establishing Pareto efficiency in a barter economy, establishing the efficiency of competitive markets, and accounting for market failure. Each is discussed verbally, graphically, and using mathematics. After reading this book, students will have an understanding of how the seemingly disparate pieces of conventional economics fit together as a system. Although the text focuses on the intellectual framework of standard economic theory, relevant mathematical techniques are discussed. The second goal is to present contemporary extensions and emerging alternatives to the Walrasian model. Some of the theoretical inconsistencies in the model are presented, drawing on the work of Samuelson, Boadway, Chipman and Moore, Ng, and Suzamura, among others. The text then presents challenges to the basic assumptions of the Walrasian system, posed by findings in behavioral economics and evolutionary game theory. Understanding both the Walrasian system and the theoretical and experimental critiques of classical economics is essential to those who ultimately work within the traditional framework and to those looking for an alternative, making this a must read for all students of economics.
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.
This volume argues that theory, far from being dead, has undergone major shifts in order to come to terms with the most urgent cultural and political questions of today. Offering an overview of theory’s new directions, this groundbreaking collection includes essays on affect, biopolitics, biophilosophy, the aesthetic, and neoliberalism, as well as examinations of established areas such as subaltern studies, the postcolonial, and ethics. Influential figures such as Agamben, Badiou, Arendt, Deleuze, Derrida and Meillassoux are examined in a range of contexts. Gathering together some of the top thinkers in the field, this volume not only speculates on the fate of theory but shows its current diversity, encouraging conversation between divergent strands. Each section places the essays in their contexts and stages a comparison between different but ultimately related ways in which key thinkers are moving beyond poststructuralism. Contributors: Amanda Anderson, Ray Brassier, Adriana Cavarero, Eva Cherniavsky, Rey Chow, Claire Colebrook, Laurent Dubreuil, Roberto Esposito, Simon Gikandi, Martin Hagglünd, Peter Hallward, Brian Massumi, Peter Osborne, Elizabeth Povinelli, William Rasch, Henry Staten, Bernard Stiegler, Eugene Thacker, Cary Wolfe, Linda Zerilli.
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
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.