Micro Economics

- Blurb -

This book introduces micro economic theory as something that seeks to describe the behaviour of consumers and producers, assuming that they are behaving rationally. It is an introduction to economics. It is written for two groups: those who, in adult years, wish to have a better understanding of news items; and final year school and Level 1 university students. The latter will particularly value the questions and answers that are designed to reinforce theory and, in later questions, test the completeness of their knowledge. There are three sections: Consumer Behaviour, Producer Behaviour and Market Failure. The material covered is accurate and goes into sufficient depth to satisfy very good students. Discussion questions added at the end of each section will be welcomed by teachers or tutors. At the beginning of each section, the scene is set somewhat realistically, so concepts begin to be understood and economic terms, when introduced, make sense. This is intended to make initial reading more relaxing, rather than looking like a steep learning curve. The coverage of economic theory progresses logically and is quite concise. It is thorough. There is a lot of material covered and re-reading will be necessary when early coverage and theory is used in section three.