Microeconomics (5th Edition)

Description

Microeconomics, 5th Edition gives students the most effective approach for learning microeconomic tools and concepts. This text provides an accessible, integrated structure with numerous practice problems, exercises and engaging applications. Worked-out Learning-by-Doing problems, mathematical and graphical data and verbal explanations enable business and economics majors to recognize significant data, patterns and trends.

Table of Contents

1. Part 1 Introduction to Microeconomics
   1. Analyzing Economic Problems
   2. Demand and Supply Analysis
2. Part 2 Consumer Theory
   1. Consumer Preferences and the Concept of Utility
   2. Consumer Choice
   3. The Theory of Demand
3. Part 3 Production and Cost Theory
   1. Inputs and Production Functions
   2. Costs and Cost Minimization
   3. Cost Curves
4. Part 4 Perfect Competition
   1. Perfectly Competitive Markets
   2. Competitive Markets: Applications
5. Part 5 Market Power
   1. Monopoly and Monopsony
   2. Capturing Surplus
6. Part 6 Imperfect Competition and Strategic Behavior
   1. Market Structure and Competition
   2. Game Theory and Strategic Behavior
7. Part 7 Special Topics
   1. Risk and Information
   2. General Equilibrium Theory
   3. Externalities and Public Goods
8. Mathematical Appendix
9. Solutions to Selected Problems
10. Glossary
11. Index