Problems like moral hazard and adverse selection. 📌 Key Features
This volume focuses on individual agents and competitive markets. Field and method of microeconomic analysis. Chapter 2: Prices and markets. Chapter 3: Consumer decisions under constraints. Chapter 4: Consumer demand. Chapter 5: Measuring changes in social welfare. Chapter 6: Production technology. Chapter 7: Efficient production decisions. Chapter 8: Cost function and the firm's supply. Chapter 9: Decisions under uncertainty. Chapter 10: Competitive markets. 📗 Tomo II: Market Structures and Welfare This volume covers advanced topics and market failures. Monopoly: Analysis of firms with market power. FERNANDEZ-BACA, Jorge - MicroeconomГa. TeorГa y...
The academic work by Jorge Fernández-Baca is a foundational text widely used in Latin American universities. It is divided into two main volumes (Tomos). 📘 Tomo I: Consumer and Firm Decisions Problems like moral hazard and adverse selection