The book covers: demand/supply, elasticity, production/costs, perfect competition, monopoly, oligopoly (game theory), pricing strategies, risk analysis, and market failure.
It teaches you to look at why people make "bad" decisions—is it a lack of information, or are their incentives misaligned? Real-World Application: The book covers: demand/supply
Utilizes game theory and bargaining techniques to navigate competitive environments. oligopoly (game theory)