This book concentrates on the elementary micro-economics, both theory and applied. The purpose is to produce a relatively portable text covering micro-economics at an elementary level in sufficient details. This supplements related materials in more complete texts but that fail on details. This portability and supplementation properties rationalises the need of the text.
After the introductory remarks in chapter one, the text takes an elementary approach to the theoretical basis of supply and demand in the second chapter and production in the third chapter. The treatment of imperfect competition in chapter four is typically slightly more complicated but nonetheless still elementary. The last chapter is an application of the earlier chapters both in a micro and macro sense or setting.
The last chapter is rather unique, not commonly found in texts of this nature which from chapter four would go into macro-economics, often starting with national income. In this way, the text does provide an opportunity of applying the micro foundations to the business world albeit in an elementary setting.
The primary audience of this book is the student community in the early stages of the discipline. Practitioners and policy makers would find it useful as a backdrop.
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