How Long to Read Microeconomic Theory Old and New

How Long Does it Take to Read Microeconomic Theory Old and New?

It takes the average reader 3 hours and 34 minutes to read Microeconomic Theory Old and New by John Gowdy

Assuming a reading speed of 250 words per minute. Learn more

Description

Microeconomic Theory Old and New: A Student's Guide has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text presents in detail the three building blocks of Walrasian theory—establishing Pareto efficiency in a barter economy, establishing the efficiency of competitive markets, and accounting for market failure. Each is discussed verbally, graphically, and using mathematics. After reading this book, students will have an understanding of how the seemingly disparate pieces of conventional economics fit together as a system. Although the text focuses on the intellectual framework of standard economic theory, relevant mathematical techniques are discussed. The second goal is to present contemporary extensions and emerging alternatives to the Walrasian model. Some of the theoretical inconsistencies in the model are presented, drawing on the work of Samuelson, Boadway, Chipman and Moore, Ng, and Suzamura, among others. The text then presents challenges to the basic assumptions of the Walrasian system, posed by findings in behavioral economics and evolutionary game theory. Understanding both the Walrasian system and the theoretical and experimental critiques of classical economics is essential to those who ultimately work within the traditional framework and to those looking for an alternative, making this a must read for all students of economics.

How long is Microeconomic Theory Old and New?

Microeconomic Theory Old and New by John Gowdy is 208 pages long, and a total of 53,664 words.

This makes it 70% the length of the average book. It also has 66% more words than the average book.

How Long Does it Take to Read Microeconomic Theory Old and New Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 53 minutes to read Microeconomic Theory Old and New aloud.

What Reading Level is Microeconomic Theory Old and New?

Microeconomic Theory Old and New is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Microeconomic Theory Old and New?

Microeconomic Theory Old and New by John Gowdy is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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