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Drawing on examples and data from across Australia, Leigh shows how economics can be used to illuminate what happens on the sporting field, in the stock-market, and at work. Incentives matter, often in surprising ways, and seemingly simple everyday activities can have unexpected outcomes. Insights from behavioral economics can also help us make better decisions. Did you know that another 10 cm of height boosts your income by thousands of dollars per year? Or that a boy born in January is nearly twice as likely to play first grade rugby league as a boy born in December? Or that natural disasters attract more foreign aid if they happen on a slow news day? And that a perfectly clean desk can be as inefficient as a messy one?

Economics. --- Economic History. --- Microeconomic theory. --- Social history. --- Decision making. --- Statistics. --- Economics

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"Models in Microeconomic Theory covers basic models in current microeconomic theory. Part I (Chapters 1-7) presents models of an economic agent, discussing abstract models of preferences, choice, and decision making under uncertainty, before turning to models of the consumer, the producer, and monopoly. Part II (Chapters 8-14) introduces the concept of equilibrium, beginning, unconventionally, with the models of the jungle and an economy with indivisible goods, and continuing with models of an exchange economy, equilibrium with rational expectations, and an economy with asymmetric information. Part III (Chapters 15-16) provides an introduction to game theory, covering strategic and extensive games and the concepts of Nash equilibrium and subgame perfect equilibrium. Part IV (Chapters 17-20) gives a taste of the topics of mechanism design, matching, the axiomatic analysis of economic systems, and social choice.The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises.With its formal but accessible style, this textbook is designed for undergraduate students of microeconomics at intermediate and advanced levels."

Economic theory & philosophy --- Biography & True Stories --- Social research & statistics --- Economics, finance, business & management --- microeconomic theory; basic models; models of an economic agent; equilibrium; game theory; mechanism design; matching; axiomatic analysis of economic systems; social choice; undergraduate students; microeconomics --- microeconomic theory --- basic models --- models of an economic agent --- equilibrium --- game theory --- mechanism design --- matching --- axiomatic analysis of economic systems --- social choice --- undergraduate students --- microeconomics