Overview
- Presents a modern micro- and institution-oriented approach to teaching economics
- Numerous examples and case studies help readers apply the theories discussed to real-world problems
- Pursues an integrative approach that links economics with management, law and philosophy
- A companion workbook featuring a variety of exercises and case studies is also available
Part of the book series: Classroom Companion: Economics (CCE)
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Table of contents (17 chapters)
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Front Matter
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Introduction
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Front Matter
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A Primer in Markets and Institutions
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Front Matter
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Foundations of Behavior and Interaction
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Front Matter
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Firm Behavior and Industrial Organization
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Front Matter
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Keywords
About this book
This textbook provides a comprehensive and unique introduction to modern microeconomics. It adopts an integrative approach, positioning the main findings of economics in a broader context. It critically reflects on theories from a philosophical standpoint and compares them to approaches found in the social sciences, while at the same time highlighting the implications for the design of legal systems and business practices.
Intended for undergraduate students, the book presents brief examples and comprehensive case studies to help them grasp the real-world implications of the theories. As such, it is suitable for an applied, yet technically precise approach to teaching microeconomics, as well as for a critical review of the economic mainstream. Starting from the question as to why and how societies organize economic activity, it analyzes the potential and limitations of various types of market with regard to alleviating scarcity and achieving distributive objectives, from an institutional perspective.
This second edition systematically expands on decision theory by including chapters on traditional decision theory under risk and uncertainty, and on behavioral economics, as well as a chapter presenting findings from the neurosciences, evolutionary psychology, and narrative psychology. Furthermore, there are theoretical additions, along with updated case studies and examples – from trade wars to pandemics and the climate crisis.
A new edition of the companion workbook features a wealth of exercises, ranging from basic multiple-choice questions to challenging mathematical problems and case studies, is also available.
Authors and Affiliations
About the author
Martin Kolmar is Professor of Economics and Director of the Institute for Business Ethics at the University of St. Gallen. He studied Economics in Bonn and Berkeley and holds a PhD in Economics from the University of Konstanz. His research interests range from Institutional and Behavioral to Normative Economics and Philosophy. He is especially interested in the evolutionary, psychological and neuroscientific foundations of behaviour and well-being.
Bibliographic Information
Book Title: Principles of Microeconomics
Book Subtitle: An Integrative Approach
Authors: Martin Kolmar
Series Title: Classroom Companion: Economics
DOI: https://doi.org/10.1007/978-3-030-78167-5
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-78166-8Published: 26 November 2021
eBook ISBN: 978-3-030-78167-5Published: 25 November 2021
Series ISSN: 2662-2882
Series E-ISSN: 2662-2890
Edition Number: 2
Number of Pages: XV, 499
Number of Illustrations: 104 b/w illustrations
Topics: Microeconomics, Behavioral/Experimental Economics, History of Economic Thought/Methodology, Economic Theory/Quantitative Economics/Mathematical Methods, Heterodox Economics