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OverviewThis is an innovative economics text - it demonstrates the general applicability of basic economic concepts, informed by ideas of the transaction cost paradigm, to a wide range of social, physical and legal phenomena of both general and local significance. The book draws real life examples from public affairs (such as housing, transportation and the environment) and is particularly suitable for students and professionals in development-related disciplines (such as surveying, planning and law). The first part of the book introduces the nature and function of economic inquiry. The second part explains the basic operations and applications of the law of demand and supply, and the ingredients of the capital theory. The third part deals with the emergence of the firm as a unit of economic decision making, as well as market failure and the economic analysis of law, both informed by the Coarse Theorem. Full Product DetailsAuthor: Lawrence Wai–ch Lai , Ben YuPublisher: Hong Kong University Press Imprint: Hong Kong University Press Dimensions: Width: 16.10cm , Height: 2.80cm , Length: 22.90cm Weight: 0.638kg ISBN: 9789622095694ISBN 10: 9622095690 Pages: 352 Publication Date: 01 December 2002 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Language: English Table of ContentsReviewsA well-written textbook ...It presents the core ideas of price theory through simple models using real live examples. The emphasis on transactions costs, property rights, contractual nature of the firm, Coase's approach to market failure, and economic an The book will be of great benefit to students on applied courses in many professions, for example surveying, building construction, town planning and land management ... It is highly innovative, well conceived, efficiently and effectively written, and ch This is useful supplementary reading for students and professionals with little economic training...Unlike standard introductory texts, the book presents a more focused view on microeconomics and price theory. -- Professor Francis Ting-ming Lui, Departme This is useful supplementary reading for students and professionals with little economic training...Unlike standard introductory texts, the book presents a more focused view on microeconomics and price theory. -- Professor Francis Ting-ming Lui, Departme The book will be of great benefit to students on applied courses in many professions, for example surveying, building construction, town planning and land management ... It is highly innovative, well conceived, efficiently and effectively written, and ch A well-written textbook ...It presents the core ideas of price theory through simple models using real live examples. The emphasis on transactions costs, property rights, contractual nature of the firm, Coase's approach to market failure, and economic an Author InformationLawrence Lai is an associate professor in the Department of Real Estate and Construction, University of Hong Kong. Ben Yu is a professor of economics at the School of Business Administration and Economics, California State University, Northridge. He was formerly at the University of California at Los Angeles and the University of Hong Kong. Tab Content 6Author Website:Countries AvailableAll regions |
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