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Principles of microeconomics: An integrative approach

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dc.contributor.author Sambuo, Damian B.
dc.date.accessioned 2023-06-12T10:08:32Z
dc.date.available 2023-06-12T10:08:32Z
dc.date.issued 2022
dc.identifier.citation Sambuo, D. B. (2001). Principles of microeconomics: An integrative approach. Sage Publications, en_US
dc.identifier.issn ISBN: 978-3-319- 57588-9
dc.identifier.issn ISBN: 978-3-319-57589-6 (eBook)
dc.identifier.uri http://repository.mocu.ac.tz/xmlui/handle/123456789/370
dc.description Principles of microeconomics: An integrative approach. By Martin Kolmar Reviewed by: Damian Boniface Sambuo, PhD. en_US
dc.description.abstract Principles of Microeconomics by Martin Kolmer is an economic book focusing on microeconomics that contributes to understanding the modern economy with an insight into economic theories linked with emerging social science and cultural issues. The current economy is driven by the digital era that has affected market forces and new research op portunities. In this regard, world economic issues such as comparative advantages, economic growth, price discrimi nation, and labour issues need to be explored (Donepudi et al., 2020; Murdock, 2020). Therefore, the book is a guiding resource for scholars engaged in economic issues. The book has fourteen (14) chapters, chapter 1 deals with introduction to economics, its scope and definitions. Describing the concept of opportunity cost in this chapter, author argues that individuals’ opportunity cost may also be irrational. The argument considers a behaviour like volunteering may substitute employment for the same job with effective use of money allocated to that job. Therefore, effective altruism is required. Chapter 2 (p. 25) discusses the theory of com parative advantage as a robust to the laws governing pro duction. Chapter 3 covers market, market structure and contract law that support market institutions (Elsner et al., 2015: 49–53). en_US
dc.language.iso en en_US
dc.publisher Sage Publications en_US
dc.relation.ispartofseries Vol.1;No. 1
dc.subject Microeconomics en_US
dc.subject Consumer behaviour en_US
dc.subject Economics en_US
dc.subject Economics knowledge en_US
dc.subject Management en_US
dc.title Principles of microeconomics: An integrative approach en_US
dc.type Book en_US


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