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In the field of economics, neoclassical economics refers to an approach that observes the production, consumption, and valuation (price) of commodities and services as being driven by the supply and demand model. According to this school of thinking, the value of a product or service is established by a hypothetical process that involves the maximization of utility by individuals with limited incomes and of profits by businesses that are confronted with production costs and make use of the information and factors of production that are accessible. By making reference to rational choice theory, this strategy has frequently been defended as being appropriate.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Neoclassical economics
Chapter 2: Economics
Chapter 3: Keynesian economics
Chapter 4: Microeconomics
Chapter 5: Perfect competition
Chapter 6: General equilibrium theory
Chapter 7: New Keynesian economics
Chapter 8: Index of economics articles
Chapter 9: Classical economics
Chapter 10: Economic efficiency
Chapter 11: Welfare economics
Chapter 12: Steve Keen
Chapter 13: Heterodox economics
Chapter 14: Sonnenschein-Mantel-Debreu theorem
Chapter 15: Schools of economic thought
Chapter 16: Dynamic stochastic general equilibrium
Chapter 17: Microfoundations
Chapter 18: Neoclassical synthesis
Chapter 19: New classical macroeconomics
Chapter 20: Macroeconomics
Chapter 21: History of macroeconomic thought
(II) Answering the public top questions about neoclassical economics.
(III) Real world examples for the usage of neoclassical economics in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of neoclassical economics.
