Schaum's Outline of Microeconomic Theory [Paperback]

Dominick Salvatore (Author)

Book Description

Publication Date: July 1, 1991 | ISBN-10: 0070545154 | ISBN-13: 978-0070545151 | Edition: 3

The learn-by-doing approach of this powerful study guide helps students master one of the most difficult courses required in most colleges and universities--traditionally one of the most important courses in all economics and business curricula. Every chapter fully illustrates theories, principles or backgrand information and includes multiple-choice review questions with answers.

Editorial Reviews

From the Back Cover

Master microeconomic theory with SchaumÕsÑthe high-performance study guide. It will help you cut study time, hone problem-solving skills, and achieve your personal best on exams! Students love SchaumÕs Outlines because they produce results. Each year, hundreds of thousands of students improve their test scores and final grades with these indispensable study guides. Get the edge on your classmates. Use SchaumÕs! If you don't have a lot of time but want to excel in class, this book helps you: Brush up before tests; Find answers fast; Study quickly and more effectively; Get the big picture without spending hours poring over lengthy textbooks. SchaumÕs Outlines give you the information your teachers expect you to know in a handy and succinct formatÑwithout overwhelming you with unnecessary details. You get a complete overview of the subject. Plus, you get plenty of practice exercises to test your skill. Compatible with any classroom text, SchaumÕs let you study at your own pace and reminds you of all the important facts you need to rememberÑfast! And SchaumÕs are so complete, theyÕre perfect for preparing for graduate or professional exams. Inside, you will find: 867 solved problems covering every aspect of microeconomic theory courses, with step-by-step solutions; Hundreds of additional practice problems, with answers supplied; Clear explanations of demand, supply, and equilibrium; An easy-to-understand overview of consumer demand and production theory; A practice midterm and final. If you want top grades and thorough understanding of microeconomic theory, this powerful study tool is the best tutor you can have! Chapters include: Introduction; Demand, Supply, and Equilibrium: An Overview; The Measurement of Elasticities; Consumer Demand Theory; Advanced Topics in Consumer Demand Theory; Theory of Production; Costs of Production; Advanced Topics in Production Theory; Midterm Examination; Price and Output Under Perfect Competition; Price and Output Under Pure Monopoly; Price and Output Under Monopolistic Competition and Oligopoly; Recent and Advanced Topics in Market Structure; Input Pricing and Employment; General Equilibrium and Welfare Economics; Final Examination.

Product Details

• Paperback: 364 pages
• Publisher: McGraw-Hill; 3 edition (July 1, 1991)
• Language: English
• ISBN-10: 0070545154
• ISBN-13: 978-0070545151
• Product Dimensions: 11 x 8.2 x 0.6 inches
• Shipping Weight: 1.6 pounds
• Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #791,423 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

10 of 10 people found the following review helpful:

5.0 out of 5 stars very useful tool for intermediate or 400 level micro, April 17, 2002

By 

Merope (New Mexico, USA) - See all my reviews

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This review is from: Schaum's Outline of Microeconomic Theory (Paperback)

Whether you need to use this to get through ECON 300 or a more advanced econ class this is a very useful how-to guide. There is little discussion of theory and no yakking -- just straightforward microeconomic problems and parables. Use it for review or to get you through your final exam. Very helpful and much clearer than your textbook.

7 of 8 people found the following review helpful:

4.0 out of 5 stars Microeconomic Theory (3rd Edition), February 14, 2004

By 

George Walendowski (Los Angeles, CA USA) - See all my reviews

This review is from: Schaum's Outline of Microeconomic Theory (Paperback)

This book is an intermediate microeconomics book intended primarily for undergraduate, upper division students. However, those not attending college can also benefit from this book by using it for independent study or reference material. There are no major prerequisites other than some knowledge of basic economics. For those who have a calculus background, the author does include one to three solved problems at the end of the majority of the chapters which are clearly marked.

Of the 14 chapters that make up this book, one is an added chapter and three are optional chapters. The added chapter introduces such topics as the Lerner and Herfindahl indexes which deal with measuring monopoly power, peak-load and cost-plus pricing, and game theory. Some of the concepts presented in the three optional chapters are: the Hicksian and Slutsky substitution effects of a price change, deriving indifference curves from inferred consumers' preferences, price index numbers, utility theory under uncertainity, the Cobb-Douglas production function, linear programming, and general equilibrium and welfare economics.

A weakness of this book concerns how some of the concepts are presented. In other words, the author introduces some new ideas at the end of some of the chapters in the "problems" section rather than in the main text. However, overall, I think this book provides valuable information that can benefit many people, even those who have a minimal economics background. The author presents a reasonably clear explanation of the subject matter covered which includes providing a glossary at the end of each chapter.

5.0 out of 5 stars I have 30+ Schaums & Used them since the 1970s ..., August 25, 2011

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Jim "Electronics Engineer" (Warner Robins, Georgia) - See all my reviews

This review is from: Schaum's Outline of Microeconomic Theory (Paperback)

As stated I have 30+ Schaum's Outlines and have used them since being a college student in the '70s. Though some Schaum's are better than the others, I have never been disappointed elative to the small prices charged. It is great to have so many problems to workout and check your answers.