Using intuition, a conversational writing style, everyday examples and outstanding graphs to present microeconomic theory as a way of looking at the world, MICROECONOMICS: AN INTUITIVE APPROACH sets a new standard for clarity in the course and requires no prior background in calculus. It builds on the foundation of individual behavior, showing students the big picture of economic intuition while developing conceptual thinking skills with carefully written analysis. The first chapters establish a set of tools based on utility functions, so students learn about supply and demand in context, with a solid understanding of the underpinnings of those concepts. The package offers unprecedented flexibility in terms of topical coverage and graphical analysis. Each new copy of the text also includes access to a premium website featuring Nechybaas LiveGraphs a suite of interactive, animated graphs that allows students to view dimensional graphs and functions illustrated in the book, as well as some additional graphs that are not in the printed text. Students can play and replay the LiveGraphs while listening to a brief explanation of the graphs. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.In the real world, banks usually charge higher interest rates for borrowing than they will give on savings. ... In order to know how much such assets are worth, we have to determine their present value, which is equal to how much current consumption such ... This means that in 10 years, the owner of this bond can cash it foranbsp;...
|Title||:||Microeconomics: An Intuitive Approach|
|Publisher||:||Cengage Learning - 2010-02-02|