Price Theory and Applications

About this book

Written in the same humorous reader-friendly style as Professor Landsburgs widely popular trade book The Armchair Economist the lively eighth edition of PRICE THEORY AND APPLICATIONS adopts an inductive hands-on approach that enables students to learn economics by doing. And it requires no knowledge or use of calculus. Using a student-friendly easy-to-understand format the book thoroughly develops the standard concepts of intermediate price theory as well as timely untraditional issues not found in many texts -- such as the economics of information. Social welfare is also highlighted as a unifying concept throughout. The books rigorous meticulous development of economic theory is supported by countless intriguing and entertaining exhibits examples numerical exercises and problem sets integrated within the text and included at the end of chapters giving students countless opportunities to test their comprehension of chapter concepts. With its highly interactive approach t