Microeconomic Theory and Applications (10TH 09 - Old Edition)

The 10^th edition of Browning and Zupan's Microeconomics: Theory and Applications continues to motivate students and introduce them to current thinking in the field. This book appeals to students and instructors alike because of its accessibility, large number of applications, and the clear step-by-step manner in which graphs are introduced.

In this new edition, the authors have included more applications and more mathematical material to reinforce students’ understanding of basic microeconomic principles. This knowledge of microeconomic theory will serve as an essential foundation for any business major or for those preparing for a future career as a business professional.

Browning (Texas A&M U.) and Zupan (U. of Rochester) present a microeconomics textbook aimed at undergraduate economics and business students. The focus of their approach is on understanding core principles of microeconomics and an emphasis on applications, particularly the conduct of market analysis. Alongside the standard materials, therefore, they also include four chapters devoted exclusively to applications using consumer choice theory, the competitive model, noncompetitive market models, and input market analysis, as well as some 120 shorter applications throughout the other chapters. Annotation ©2011 Book News, Inc., Portland, OR (booknews.com)

Learning microeconomics from a book that uses mathematical rigor to explore important theories and principles can be extremely difficult. The tenth edition of Microeconomic Theory &Applicationstakes advantage of graphs and accessible text to teach these concepts in an accessible way. It includes new real-world applications that show the relevance of the material being discussed. International applications are also presented to provide a global perspective. Business professionals will discover how to look at the world through the eyes of an economist and analyze real-world situations and predict market phenomena using fundamental analysis tools.

Edgar K. Browning is the Alfred F. Chalk Professor of Economics at Texas A&M University; his specialty is Public Economics.  He earned a B.A. in Economics from the University of Virginia and a Ph.D. in Economics from Princeton University in 1971. A selected list of his publications include “ A Neglected Welfare Cost of Monopoly- and Most other Product Market Distortions,” Journal of Public Economics, 1997; The Non-Tax Wedge,” Journal of Public Economics, 1994; “The Marginal Cost of Redistribution,” Public Finance Quarterly, 1993; “On the Marginal Welfare Cost of Taxation,” American Economic Review, 1987; “The Trade-Off Between Equality and Efficiency,” Journal of Political Economy, 1984.

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