Micro Markets : A Market Structure Approach to Microeconomic Analysis.
Robert A. Schwartz
Bok Engelsk 2010 · Electronic books.
| Omfang | 1 online resource (467 pages)
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| Utgave | 1st ed.
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| Opplysninger | Micro Markets: A Market Structure Approach to Microeconomic Analysis -- Contents -- Preface -- Acknowledgments -- Chapter 1: Introduction to Market-Driven Economics -- THEORY AND REALITY -- PRIMARY AND SECONDARY MARKETS -- FRICTIONLESS VERSUS NONFRICTIONLESS MARKETS -- HOW WELL DO MARKETS FUNCTION? -- A MARKET IS AN ECOLOGY -- BASIC MICROECONOMIC CONCEPTS -- FRICTIONLESS MARKETS, THE GULF STREAM, AND A DAY AT THE RACES -- CHAPTER SUMMARY -- Chapter 2: The Consumer Choice Model -- THE CONSUMER CHOICE MODEL AND THE X, Y TRADE-OFF -- THE CONSUMER CHOICE MODEL AND THE CURRENT CONSUMPTION, FUTURE CONSUMPTION TRADE-OFF -- THE CONSUMER CHOICE MODEL AND THE RISK-RETURN TRADE-OFF -- COMPARATIVE STATICS -- CHAPTER SUMMARY -- Chapter 3: Demand Meets Supply -- SHOULD HAVE, WOULD HAVE, AND DID: THE DECISIONS OF A REPRESENTATIVE CONSUMER -- THE DEMAND CURVE FOR X -- THE SENSITIVITY OF THE DEMAND FOR X TO THE PRICE OF X, THE PRICE OF Y, AND INCOME -- FROM INDIVIDUAL DEMAND CURVES TO MARKET DEMAND CURVES -- THE DEMAND TO HOLD SHARES OF A RISKY ASSET -- THE INVESTOR'S DEMAND CURVE FOR THE RISKY ASSET -- EQUILIBRIUM IN THE MARKET FOR X -- EQUILIBRIUM IN THE MARKET FOR SHARES OF THE RISKY ASSET -- MARKET EQUILIBRIUM -- STOCKS, CAKES, AND SUBSTITUTABILITY -- CHAPTER SUMMARY -- Chapter 4: Microeconomic Analysis Goes to Market -- SHORT-RUN DEMAND AND SUPPLY FOR PRODUCT X -- ADJUSTMENT COSTS -- LIQUIDITY -- MARKET STRUCTURE -- THE GAINS FROM TRADING -- STRATEGIC ORDER PLACEMENT -- THE BIG PICTURE -- CHAPTER SUMMARY -- Chapter 5: Supply and the Costs of Production -- THE PRODUCTION FUNCTION FOR X -- COST CURVES -- DETERMINING THE BEST PROFIT OUTPUT -- SUPPLY -- APPLICATION TO A DEALER FIRM -- FROM GENERAL PRINCIPLES TO THE DETAILS OF A SPECIFIC MARKET -- CHAPTER SUMMARY -- Chapter 6: Sources and Nature of Competition -- PERFECT COMPETITION -- MONOPOLY.. - IMPERFECT COMPETITION: MONOPOLISTIC COMPETITION -- IMPERFECT COMPETITION: OLIGOPOLY -- HOW COMPETITION PLAYS OUT IN THE EQUITY MARKETS -- IMPORTANCE OF PRICE AS A COMPETITIVE VARIABLE -- CHAPTER SUMMARY -- Chapter 7: Market Efficiency -- ALLOCATION EFFICIENCY -- MARKET FAILURE -- INFORMATION AND EXPECTATIONS -- INFO ABOUT INFORMATION -- FOUR DIMENSIONS OF INFORMATIONAL EFFICIENCY -- A TEST OF MARKET EFFICIENCY -- PRICE DISCOVERY EFFICIENCY -- THE BIG PICTURE ON FINANCIAL MARKET EFFICIENCY -- MARKETS AT RISK: THE FINANCIAL TURMOIL OF 2007-2009 -- THE GREATER GENERALITY OF THE FRICTIONS PROBLEM -- CHAPTER SUMMARY -- Chapter 8: Public Policy and the Interplay between Competition, Technology, and Regulation -- GOVERNANCE STRUCTURE AND SELF-REGULATION -- TECHNOLOGY, AUTOMATION, AND THE NASDAQ STOCK MARKET -- THE EVOLVING REGULATORY FOCUS -- GOVERNMENTAL REGULATORY INTERVENTION -- REGULATION OF THE U.S. EQUITY MARKETS -- CAVEATS FOR PUBLIC POLICY -- CHAPTER SUMMARY -- Glossary -- About the Author -- Index.. - A timely guide that bridges the gap between microeconomic theoryand practice through real-world application in the marketplace Understanding how microeconomics affects the marketplace isessential for any investment professional, however most bookssimply address microeconomics in its pure theory-based form.Micro Markets helps bridge the gap between theory andpractice by defining microeconomics in terms of real-world, marketapplications. This timely guide elucidates basic microeconomic concepts withan emphasis on applicability. It establishes a common applicationfor all of the basic economic concepts that are reviewed, andprovides in-depth insights into an industry that is of majoreconomic importance in aggregate, and to most individuals. Utilizes equity market realities to underscore the relevance ofeconomic theoryEach chapter includes informative practice problems and powerpointsA companion Workbook, with practice problems andsolutions, is also available By taking microeconomic theory and making it applicable totoday's marketplace, Micro Markets builds a much-neededbridge between theory and practice.
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| Emner | |
| Sjanger | |
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| ISBN | 9780470602836
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