Understanding how microeconomics affects the marketplace is essential for any investment professional, however most books simply address microeconomics in its pure theory-based form. Micro Markets helps bridge the gap between theory and practice by defining microeconomics in terms of real-world, market applications.
This timely guide elucidates basic microeconomic concepts with an emphasis on applicability. It establishes a common application for all of the basic economic concepts that are reviewed, and provides in-depth insights into an industry that is of major economic importance in aggregate, and to most individuals.
By taking microeconomic theory and making it applicable to today's marketplace, Micro Markets builds a much-needed bridge between theory and practice.
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Filled with in-depth analysis, this reliable resource bridges the gap between theory and practice by defining microeconomics in terms of real-world market operations. And while the focus is on micro markets, the subject is clearly microeconomic theory.
Page by page, this book illustrates how microeconomic theory is a powerful paradigm that provides insights into how micro markets operate and offers an excellent set of tools for understanding the forces that drive production and consumption decisions, as well as the level of economic efficiency that markets, and the people operating in them, can achieve. Schwartz sets forth an effective analysis with regard to broadly defined, abstract resources and turns to the equities markets as a consistent, thematic application of microeconomic theory.
Other important issues addressed include:
How can market frictions—such as transaction costs, blockages, risks, uncertainties, imperfect knowledge, and other impediments—affect market outcomes?
Do micro markets have the ability to efficiently service our needs in a free market setting?
How can a firm's output be set, an individual's consumption or asset holdings determined, or a product's price established?
What's the appropriate balance between free market competition and government intervention?
And much more!
And to further enhance your understanding of the tools and techniques presented here, Micro Markets Workbook by Robert Schwartz, Michael Carew, and Tatiana Maksimenko—an essential study guide that contains challenging questions (and answers) related to the concepts developed here—is also available.
Markets are complex and the forces that impact them are intricate. But by taking the microeconomic theory discussed here and applying it to your own endeavors, you'll gain a better perspective of the individual markets that comprise a broad economy.
To gain hands-on experience with trading in the equity markets, don't forget to pick up Mastering the Art of Equity Trading Through Simulation + Web-Based Software: The TraderEx Course, by Robert Schwartz, Gregory Sipress, and Bruce Weber.
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Spese di spedizione:
EUR 2,80
In U.S.A.
Descrizione libro Hardcover. Condizione: Fine. 1st Edition. with dust jacket as issued. Codice articolo b1 2