Microeconomic Foundations: Theory, Application, and Policy

Download or read book Microeconomic Foundations: Theory, Application, and Policy written by Anil Somani and published by JEC PUBLICATION. This book was released on with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the ever-evolving landscape of economic thought, the significance of microeconomics cannot be overstated. It is within this intricate framework of individual choices, market dynamics, and policy implications that the foundation of economic understanding is laid. "Microeconomic Foundations: Theory, Application, and Policy" is conceived with the ambition to bridge the realms of theoretical microeconomics and its practical applications, offering a comprehensive guide that navigates through the core principles, contemporary issues, and the multifaceted role of policy in shaping economic outcomes. This book is the culmination of years of teaching, research, and engagement with the practical aspects of microeconomics. It is designed to serve a broad audience, from undergraduate students grappling with the basics of the discipline to graduate scholars exploring advanced concepts, and professionals seeking to apply microeconomic principles to real-world scenarios. The genesis of this work lies in the recognition of the need for a text that not only elucidates the theoretical underpinnings of microeconomics but also demonstrates the application of these theories in addressing contemporary economic challenges.