Written by distinguished authorities in the field, this book offers the liveliest writing, the right sequence of topics, and exceptionally well developed graphs with unusually thorough explanations…. all at the right level for people learning microeconomics. It follows a practical, real-world approach through a wealth of applications that demonstrate the relevance of microeconomics to everyday life. Completely updated with the latest information in the field, the new ninth edition also continues the tradition of superior quality and precise technical coverage.
Table of Contents
Chapter 1. An Introduction to Microeconomics.
Chapter 2. Supply and Demand.
Chapter 3. The Theory of Consumer Choice.
Chapter 4. Individual and Market Demand.
Chapter 5. Using Consumer Choice Theory.
Chapter 6. Exchange, Efficiency, and Prices.
Chapter 7. Production.
Chapter 8. The Cost of Production .
Chapter 9. Profit Maximization in Perfectly Competitive Markets.
Chapter 10. Using the Competitive Model.
Chapter 11. Monopoly.
Chapter 12. Product Pricing with Monopoly Power.
Chapter 13. Monopolistic Competition and Oligopoly.
Chapter 14. Game Theory and the Economics of Information.
Chapter 15. Using Noncompetitive Market Models.
Chapter 16. Employment and Pricing of Inputs.
Chapter 17. Wages, Rent, Interest, and Profit.
Chapter 18. Using Input Market Analysis.
Chapter 19. General Equilibrium Analysis and Economic Efficiency.
Chapter 20. Public Goods and Externalities.
Answers to Selected Problems.