Offering the most cutting-edge coverage available, the 10th edition of the market-leading MICROECONOMIC THEORY: BASIC PRINCIPLES AND EXTENSIONS delivers a text that is rigorous yet accessible, accurate in theory yet practical in application, thorough yet concise. Now at a more succinct 19 chapters, this tried-and-true, widely popular text is known as the "bible of microeconomics," offering the most clear and accurate presentation of advanced microeconomic concepts. For the new edition, proven author and economic authority Walter Nicholson is joined by new co-author Chris Snyder, a professor of economics at Dartmouth College. These highly respected economists draw from their wealth of experience in the classroom and the marketplace, giving the book a practical, real-world perspective. Taking a calculus-based approach, MICROECONOMIC THEORY provides an ideal level of mathematical rigor for upper level undergraduate students and beginning graduate students. Extremely reader-friendly, the book is designed to help students truly understand and apply economic models as it enables them to work directly with theoretical tools, real-world applications, and the latest developments in the study of microeconomics. Insightful graphic presentations help visual learners see the connections between the calculus and the algebra/geometry of the same material. In addition, end-of-chapter problems are now presented in two tiers: Simple numerical/mathematical exercises, which build student intuition, are followed by more analytical, theoretical, and complex problems. Unlike other, more theoretical texts, MICROECONOMIC THEORY presents theory in an accessible way as well as illustrates how it applies in the real world.

Nicholson (economics, Amherst College) and new co-author Snyder (economics, Dartmouth College) present a textbook on microeconomic theory that focuses on building intuition about economic models while providing students with the math tools to continue their studies. It gives many numerical examples, advanced problems, and extended discussions of empirical implementation. Three new chapters by Snyder are included in this edition: an extended and more advanced explanation of game theory, a reworked and expanded chapter on models used in industrial organization theory, and a new chapter on asymmetric information. Other chapters that have been revised or expanded cover mathematical background, with expansion of integration, basic models of dynamic optimization, and an introduction to statistics; uncertainty and risk aversion; theory of the firm; general equilibrium modeling; and capital and time. In addition, problems have been organized into basic and analytical, and end-of-chapter extensions have been expanded and rewritten. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)

Walter Nicholson is the Ward H. Patton Professor of Economics at Amherst College. He received a B.A. in mathematics from Williams College and a Ph.D. in economics from MIT. Professor Nicholson's primary research interests are in the econometric analyses of labor market problems including welfare, unemployment, and the impact of international trade. For many years he has been a Senior Fellow at Mathematica,, Inc. and has served as an advisor to the U.S. and Canadian governments. He and his wife Susan live in Amherst, Massachusetts.Christopher Snyder is a Professor of Economics at Dartmouth College. He received his B.A. in Economics and Mathematics from Fordham University, and his Ph.D. in Economics from the Massachusetts Institute of Technology. Before his recent move to Dartmouth he taught at George Washington University for over a decade. His primary research interest is the strategic interaction among firms. He has studied markets for cable television, movies, and beer, among others, although as the father of three daughters he finds little time to participate in these markets as a consumer. Professor Snyder is President of the Industrial Organization Society and Associate Editor of the International Journal of Industrial Organization and Review of Industrial Organization. His wife Maura also teaches economics at Dartmouth.