Microeconomics

Microeconomics : Theory and Applications

3.66 (3 ratings by Goodreads)
By (author) 

Free delivery worldwide

Available. Dispatched from the UK in 2 business days
When will my order arrive?

Description

Fully revised and expanded, this fifth edition of Microeconomics: Theory and Applications presents all the standard topics of traditional microeconomic theory while offering a modern approach that reflects the many exciting recent developments in the field. With its student-friendly writing style and clear presentation of graphs, this is an ideal text for undergraduate courses in intermediate microeconomics and business programs. Features of the Fifth Edition *Offers a balance of traditional microeconomic topics while addressing contemporary issues and concerns *Introduces an important international dimension to microeconomics, reflecting the strong trend toward globalization in tastes, production, and distribution in today's world *Presents an "at the Frontier" section in each chapter that highlights the most exciting recent examples of more advanced theoretical developments in microeconomics New and Expanded Treatment in the Fifth Edition *Includes electronic commerce, behavioral economics, auctioning airwaves, effect of outsourcing on employment and wages in the United States, fields of education and lifetime earnings, effect of taxation on business decisions *Provides more than 130 new and updated real-world examples of how microeconomic theory can be used to analyze and possibly resolve important present-day economic problems *Offers expanded treatment of important topics such as game theory; financial microeconomics; the new international economies of scale; economics of information; and market structure, efficiency, and regulation *Features Internet site addresses for the most important topics in each chapter Website A companion website is now available at www.oup. com/us/salvatore. This practical learning tool offers updated material, additional examples, and PowerPointR lecture slides for each textbook chaptershow more

Product details

  • Hardback | 768 pages
  • 212 x 256 x 30mm | 1,660.14g
  • Oxford University Press Inc
  • New York, United States
  • English
  • Revised
  • 5th Revised edition
  • 0195336100
  • 9780195336108

About Dominick Salvatore

Dominick Salvatore is Distinguished Professor of Economics at Fordham University in New York and Honorary Professor at the Shanghai Finance University. He is Chairman of the Society for Policy Modeling and consultant to the United Nations, the World Bank, and the Economic Policy Institute in Washington, D.C. He is the author of forty-eight books including Schaum's Outline of Microeconomic Theory, Fourth Edition (2006), which was translated into ten languages and sold more than one-half million copies.show more

Review quote

This is perhaps the best text on microeconomics at the senior or beginning graduate level. Clear, concise, and full of very appropriate applications. * K. Choudhury, Southern University * Salvatore excels in explaining the fundamentals. . . . This book does a great job at teaching the 'meat and potatoes' of intermediate microeconomics in a friendly way. * Anne E. Winkler, University of Missouri-St. Louis * Excellent writing style, coverage, applications, and extensions . . . much superior to the other texts I have examined. * John P. Cochran, Metropolitan State College of Denver * Microeconomics is an excellent text . . . Salvatore has done a great job integrating the more traditional with the 'newer' topics in the field. * Rosemary Thomas Cunningham, Agnes Scott College *show more

Table of contents

EACH CHAPTER ENDS WITH AT LEAST ONE OF THE FOLLOWING: SUMMARY, KEY TERMS, REVIEW QUESTIONS, PROBLEMS, AND INTERNET SITE ADDRESSES; PART ONE: INTRODUCTION TO MICROECONOMICS; CHAPTER 1: INTRODUCTION; CHAPTER 2: BASIC DEMAND AND SUPPLY ANALYSIS; APPENDIX: THE ALGEBRA OF DEMAND, SUPPLY, AND EQUILIBRIUM; PART TWO: THEORY OF CONSUMER BEHAVIOR AND DEMAND; CHAPTER 3: CONSUMER PREFERENCES AND CHOICE; CHAPTER 4: CONSUMER BEHAVIOR AND INDIVIDUAL DEMAND; APPENDIX: INDEX NUMBERS AND CHANGES IN CONSUMER WELFARE; CHAPTER 5: MARKET DEMAND AND ELASTICITIES; APPENDIX: EMPIRICAL ESTIMATION OF DEMAND BY REGRESSION ANALYSIS; CHAPTER 6: CHOICE UNDER UNCERTAINTY; PART THREE: PRODUCTION, COSTS, AND COMPETITIVE MARKETS; CHAPTER 7: PRODUCTION THEORY; APPENDIX: THE COBB-DOUGLAS PRODUCTION FUNCTION; CHAPTER 8 COSTS OF PRODUCTION; APPENDIX: EXTENSIONS AND USES OF PRODUCTION AND COST ANALYSIS; CHAPTER 9 PRICE AND OUTPUT UNDER PERFECT COMPETITION; APPENDIX: THE FOREIGN-EXCHANGE MARKET AND THE DOLLAR EXCHANGE RATE; PART FOUR: IMPERFECTLY COMPETITIVE MARKETS; CHAPTER 10 PRICE AND OUTPUT UNDER PURE MONOPOLY; CHAPTER 11 PRICE AND OUTPUT UNDER MONOPOLISTIC COMPETITION AND OLIGOPOLY; APPENDIX: THE COURNOT AND STACKELBERG MODELS; CHAPTER 12 GAME THEORY AND OLIGOPOLISTIC BEHAVIOR; CHAPTER 13 MARKET STRUCTURE, EFFICIENCY, AND REGULATION; PART FIVE PRICING AND EMPLOYMENT OF INPUTS; CHAPTER 14 INPUT PRICE AND EMPLOYMENT UNDER PERFECT COMPETITION; CHAPTER 15 INPUT PRICE AND EMPLOYMENT UNDER IMPERFECT COMPETITION; CHAPTER 16 FINANCIAL MICROECONOMICS: INTEREST, INVESTMENT, AND THE COST OF CAPITAL; PART SIX GENERAL EQUILIBRIUM, EFFICIENCY, AND PUBLIC GOODS; CHAPTER 17 GENERAL EQUILIBRIUM AND WELFARE ECONOMICS; CHAPTER 18 EXTERNALITIES, PUBLIC GOODS, AND THE ROLE OF THE GOVERNMENT; CHAPTER 19 THE ECONOMICS OF INFORMATION; APPENDIX A: MATHEMATICAL APPENDIX; APPENDIX B: ANSWERS TO SELECTED PROBLEMS; APPENDIX C: GLOSSARYshow more

Rating details

3 ratings
3.66 out of 5 stars
5 33% (1)
4 0% (0)
3 67% (2)
2 0% (0)
1 0% (0)
Book ratings by Goodreads
Goodreads is the world's largest site for readers with over 50 million reviews. We're featuring millions of their reader ratings on our book pages to help you find your new favourite book. Close X