Abstract
This graduate textbook explores key microeconomic concepts to provide insight into financial markets, comparative economic development, and political institutions. Theoretical concepts are accompanied by historical and real life case studies to highlight the evolution of institutions and the solutions to market failures. General mathematical models are presented in a practical and clear manner and can be applied to problem solving scenarios. Key dilemmas relating to monopolies, institutional design, economic policy, power in society, and the rule of law are also discussed. This multidisciplinary book aims to provide a real world understanding of microeconomics and game theory, enabling readers to review policy and institutional requirements. It will be relevant to students and policymakers interested in institutional economics, the political economy, financial economics, and economic governance.
| Original language | English |
|---|---|
| Place of Publication | Cham |
| Publisher | Palgrave Macmillan |
| Number of pages | 296 |
| Edition | 1 |
| ISBN (Electronic) | 9783031749872 |
| ISBN (Print) | 9783031749865 |
| DOIs | |
| Publication status | Published - 27 Mar 2025 |
Bibliographical note
Publisher Copyright:© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.
Keywords
- Contract enforcement
- Economic policy
- Industrial revolution
- Insurance and incentives
- Market failure
- Monopoly power
- Political conflict
- Property rights
- State monopoly of violence
