Out Of Stock
Routledge General Equilibrium Analysis A Micro-Economic Text 09781138524187
We currently have no offers for this products
Product Description
This is a new kind of textbook in microeconomic theory. In place of the usual concentration on partial equilibrium analysis and discussion of a standard series of topics the authors seek to introduce the student from the start to the general equilibrium approach to microeconomics in the form of the two-sector model. This model is then applied to a variety of subjects in different special fields of economic analysis: welfare economics international trade public finance and income distribution. This book represents a very different approach to the teaching of micro-economic theory than normally followed and one that will be of greater long-run value to the serious student of economics. In place of the usual textbook development of the subject as traditionally conceived through topics of increasing complexity and analytical difficulty using partial equilibrium techniques of analysis the book concentrates on the exposition and application of a more logically integrated set of tools that have been found of greater use in the analysis of problems arising not only in traditional micro-economics but also in a number of fields of economics that have customarily been hived off into separate specialized advanced courses. General Equilibrium Analysis starts with the description of the two-sector model and how these two sectors are built based on the individual micro-units in which they made up of and how they fit into the concept of the circular flow of income. Subsequent chapters deal with the evaluation of changes in factor endowment demand preferences and technical progress by means of the model; and the theory of government which includes both the theory of government expenditure or public goods and the theory of government tax and/or subsidy programmes-changes in budgetary scale tax substitution and expenditure substitution. The model is then extended to an open economy-the so-called two by two by two-to consider both the normative effect of international trade and the possible determinants of international trade with special attention being given to the relationship between commodity trade and factor mobility. Lastly this model is opened into a dynamic model of growth with its emphasis on requirements for the economy to maximize consumption per head on its long-run equilibrium growth path and the effect of international trade on the growth path itself. | General Equilibrium Analysis A Micro-Economic Text
Routledge General Equilibrium Analysis A Micro-Economic Text 09781138524187
This is a new kind of textbook in microeconomic theory. In place of the usual concentration on partial equilibrium analysis and discussion of a standard series of topics the authors seek to introduce the student from the start to the general equilibrium approach to microeconomics in the form of the two-sector model. This model is then applied to a variety of subjects in different special fields of economic analysis: welfare economics international trade public finance and income distribution. This book represents a very different approach to the teaching of micro-economic theory than normally followed and one that will be of greater long-run value to the serious student of economics. In place of the usual textbook development of the subject as traditionally conceived through topics of increasing complexity and analytical difficulty using partial equilibrium techniques of analysis the book concentrates on the exposition and application of a more logically integrated set of tools that have been found of greater use in the analysis of problems arising not only in traditional micro-economics but also in a number of fields of economics that have customarily been hived off into separate specialized advanced courses. General Equilibrium Analysis starts with the description of the two-sector model and how these two sectors are built based on the individual micro-units in which they made up of and how they fit into the concept of the circular flow of income. Subsequent chapters deal with the evaluation of changes in factor endowment demand preferences and technical progress by means of the model; and the theory of government which includes both the theory of government expenditure or public goods and the theory of government tax and/or subsidy programmes-changes in budgetary scale tax substitution and expenditure substitution. The model is then extended to an open economy-the so-called two by two by two-to consider both the normative effect of international trade and the possible determinants of international trade with special attention being given to the relationship between commodity trade and factor mobility. Lastly this model is opened into a dynamic model of growth with its emphasis on requirements for the economy to maximize consumption per head on its long-run equilibrium growth path and the effect of international trade on the growth path itself. | General Equilibrium Analysis A Micro-Economic Text
Delivery, Returns & Refunds
Delivery
Sellers offer a range of delivery options, so you can choose the one that’s most convenient for you. Many sellers offer free delivery. You can always find the postage cost and estimated delivery date in a seller’s listing. You'll then be able to see a full list of delivery options during checkout. These can include: Express delivery, Standard delivery, Economy delivery, Click & Collect, Free local collection from seller.
Returns
Your options for returning an item vary depending on what you want to return, why you want to return it, and the seller's return policy. If the item is damaged or doesn't match the listing description, you can return it even if the seller's returns policy says they don't accept returns. If you've changed your mind and no longer want an item, you can still request a return, but the seller doesn't have to accept it. If the buyer changes their mind about a purchase and wants to return an item, they may need to pay return postage costs, depending on the seller's return policy. Sellers can provide a return postage address and additional return postage information for the buyer. Sellers pay for return postage if there's a problem with the item. For example, if the item doesn't match the listing description, is damaged or defective or is counterfeit. By law, customers in the European Union also have the right to cancel the purchase of an item within 14 days beginning from the day you receive, or a third party indicated by you (other than the carrier) receives, the last good ordered by you (if delivered separately). This applies to all products except for digital items (e.g. Digital Music) that are provided immediately to you with your acknowledgement, and other items such as video, DVD, audio, video games, Sex and Sensuality products and software products where the item has been unsealed.
Refunds
Sellers have to offer a refund for certain items only if they are faulty, such as: Personalised items and custom-made items, Perishable items, Newspapers and magazines, Unwrapped CDs DVDs and computer software. If you used your PayPal balance or bank account to fund the original payment, the refunded money will go back to your PayPal account balance. If you used a credit or debit card to fund the original payment, the refunded money will go back to your card. The seller will effect the refund within three working days but it may take up to 30 days for Paypal to process the transfer. For payments funded partially by a card and partially by your balance/bank, the money taken from your card will go back to your card and the remainder will return to your PayPal balance.