Applied Microeconomics: Problems in Estimation, Forecasting (Classic Reprint)
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 14.79
Quantity: Over 20 available
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Print on Demand. This book examines various methods and concepts that students can employ to supplement courses in microeconomics. It can also aid managerial economics coursework at the intermediate level. The author assumes the reader is acquainted with basic calculus and has access to multiple regression computer software. The book chiefly discusses demand and cost curve estimation, forecasting, and game theory as applied to industry equilibrium. Beginning with an introduction to the book's core tools and ideas, the author delves into estimation exercises for demand curves and cost functions. It then moves on to forecasting industry equilibrium under monopoly and competitive conditions, as well as oligopoly price determination. The final exercise involves using the estimated demand and cost schedules to simulate the results of several periods of play in an oligopoly game. Throughout, the author emphasizes learning to use powerful tools and concepts in straightforward but nontrivial situations. These same approaches can be applied to more intricate problems, though not as easily as they can be used here. The hope is that working on relatively simple problems will make it easier for the student when they face a more complicated situation of the same basic type. This book is a valuable resource for students seeking to augment intermediate microeconomics courses. Its focus on accessible concepts and step-by-step exercises provides a solid foundation for those looking to study microeconomic theory or managerial economics. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781334430954_0
- Title
- Applied Microeconomics: Problems in Estimation, Forecasting (Classic Reprint)
- Author
- Richard Lee Schmalensee
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1334430950
- ISBN 13
- 9781334430954
- Seller catalogs
- Business
Designed for classroom use, the book explains how to run demand and cost simulations, estimate firm and industry curves, and analyze how market structure affects performance. It covers multiple computer programs, data processes, and the setup of oligopoly games to illuminate forecasting and decision making in economics.
- Learn to generate and interpret linear demand curves and cost functions from simulated data.
- Understand how to set up and run oligopoly price and market-structure experiments.
- See how forecasting feeds into competitive and monopolistic outcomes using true versus estimated models.
- Discover practical program input, scenario design, and how to manage classroom data for analysis.
Ideal for learners and instructors seeking a structured, hands-on approach to microeconomic estimation, forecasting, and decision-making.
"Synopsis" may belong to another edition of this title.
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
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