Name: Modern Microeconomics Second Edition For MA All Semester
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Modern Microeconomics Second Edition For MA All Semester

by Madhurima

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23 Customer Review

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Q1

Is this edition of Koutsoyiannis suitable for the entire MA in Economics program?

A1

Yes, this second edition is explicitly designed to cover the microeconomics syllabus for MA students across all semesters, providing a comprehensive progression from foundational to advanced topics.
Q2

How does this book handle the topic of oligopoly compared to other textbooks?

A2

It offers exceptionally detailed coverage, with separate chapters on non-collusive and collusive oligopoly, and includes classical models (Cournot, Stackelberg) as well as discussions on cartels and price leadership models.
Q3

Are modern managerial theories of the firm covered in this text?

A3

Yes, it dedicates an entire section (Section E) to managerial theories, including detailed chapters on Baumol's sales revenue maximization, Marris's growth model, and Williamson's managerial discretion model.
Q4

Is there content on game theory and linear programming?

A4

Yes, Part Two concludes with dedicated chapters on the Theory of Games (including zero-sum and non-zero-sum games) and Linear Programming (including the simplex method and duality), providing essential analytical tools.
Q5

What is covered in the section on Limit-Pricing?

A5

Section D covers entry-preventing pricing in depth, starting with Bain's early model and barriers to entry, followed by recent developments from Sylos-Labini, Modigliani, and others.
Q6

Does the book discuss the marginalist controversy and full-cost pricing?

A6

Yes, Chapter 11 is a dedicated critique of neoclassical theory covering the Hall and Hitch report on 'full-cost' pricing and the ensuing marginalist debate.
Q7

How extensive is the coverage of General Equilibrium and Welfare Economics?

A7

Part Three provides thorough chapters on both. General Equilibrium covers the Walrasian system and a detailed 2x2x2 model. Welfare Economics examines various social welfare criteria and their maximization.
Q8

Does the book include a bibliography or index for research purposes?

A8

Yes, it concludes with a Select Bibliography and a detailed Subject Index, making it a valuable reference tool for academic research and essay writing.
Q9

Is this book useful for PhD entrance exam preparation or research methodology?

A9

Absolutely. Its depth on core theories, clear exposition of model assumptions and critiques, and coverage of diverse theoretical approaches make it an excellent resource for solidifying advanced microeconomic concepts required for PhD entrance exams and preliminary research work.
Q10

Are there practical applications or empirical evidence discussed alongside the theories?

A10

Yes, the book frequently references empirical evidence, such as in the chapter on the shape of costs (using statistical studies, survivor technique) and in evaluating various theories like sales maximization.

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Have Doubts Regarding This Product ? Ask Your Question

Q1

Is this edition of Koutsoyiannis suitable for the entire MA in Economics program?

A1

Yes, this second edition is explicitly designed to cover the microeconomics syllabus for MA students across all semesters, providing a comprehensive progression from foundational to advanced topics.
Q2

How does this book handle the topic of oligopoly compared to other textbooks?

A2

It offers exceptionally detailed coverage, with separate chapters on non-collusive and collusive oligopoly, and includes classical models (Cournot, Stackelberg) as well as discussions on cartels and price leadership models.
Q3

Are modern managerial theories of the firm covered in this text?

A3

Yes, it dedicates an entire section (Section E) to managerial theories, including detailed chapters on Baumol's sales revenue maximization, Marris's growth model, and Williamson's managerial discretion model.
Q4

Is there content on game theory and linear programming?

A4

Yes, Part Two concludes with dedicated chapters on the Theory of Games (including zero-sum and non-zero-sum games) and Linear Programming (including the simplex method and duality), providing essential analytical tools.
Q5

What is covered in the section on Limit-Pricing?

A5

Section D covers entry-preventing pricing in depth, starting with Bain's early model and barriers to entry, followed by recent developments from Sylos-Labini, Modigliani, and others.
Q6

Does the book discuss the marginalist controversy and full-cost pricing?

A6

Yes, Chapter 11 is a dedicated critique of neoclassical theory covering the Hall and Hitch report on 'full-cost' pricing and the ensuing marginalist debate.
Q7

How extensive is the coverage of General Equilibrium and Welfare Economics?

A7

Part Three provides thorough chapters on both. General Equilibrium covers the Walrasian system and a detailed 2x2x2 model. Welfare Economics examines various social welfare criteria and their maximization.
Q8

Does the book include a bibliography or index for research purposes?

A8

Yes, it concludes with a Select Bibliography and a detailed Subject Index, making it a valuable reference tool for academic research and essay writing.
Q9

Is this book useful for PhD entrance exam preparation or research methodology?

A9

Absolutely. Its depth on core theories, clear exposition of model assumptions and critiques, and coverage of diverse theoretical approaches make it an excellent resource for solidifying advanced microeconomic concepts required for PhD entrance exams and preliminary research work.
Q10

Are there practical applications or empirical evidence discussed alongside the theories?

A10

Yes, the book frequently references empirical evidence, such as in the chapter on the shape of costs (using statistical studies, survivor technique) and in evaluating various theories like sales maximization.

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