Microeconomics

Microeconomics

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Description

The integration of real-world applications throughout this text gives students a practical perspective on microeconomic theory. Students are motivated and challenged by the use of core theory and modern theories to analyze actual markets, and the author's clear, step-by-step approach to problem-solving helps them to better understand how microeconomic theory is used to solve economic problems and analyze policy issues.show more

Product details

  • Paperback | 832 pages
  • 187 x 233 x 25mm | 1,179g
  • Pearson Education Limited
  • Addison Wesley
  • Harlow, United Kingdom
  • 2nd International edition
  • 0201719371
  • 9780201719376

Table of contents

1. Introduction. I. SUPPLY AND DEMAND. 2. Supply and Demand. 3. Applying the Supply-and-Demand Model. II. CONSUMER THEORY. 4. Consumer Choice. 5. Applying Consumer Theory. III. THEORY OF THE FIRM. 6. Firms and Production. 7. Costs. IV. PERFECT COMPETITION. 8. Competitive Firms and Markets. 9. Applying the Competitive Model. 10. General Equilibrium and Economic Welfare. V. MARKET POWER AND MARKET STRUCTURE. 11. Monopoly. 12. Pricing. 13. Oligopoly and Monopolistic Competition. 14. Strategy. VI. FACTOR MARKETS. 15. Factor Markets and Vertical Integration. 16. Interest Rates, Investments, and Capital Markets. VII. UNCERTAINTY, MISSING MARKETS, AND LIMITED INFORMATION. 17. Uncertainty. 18. Externalities, Commons, and Public Goods. 19. Asymmetric Information. 20. Contracts and Moral Hazards. Appendices. Answers to Selected Problems. Definitions. References. Sources for Applications. Credits. Index.show more