Synopses & Reviews
Synopsis
A comprehensive analysis of the theoretical tools and real world applications of microeconomics
This book covers all the significant topics in modern microeconomics: demand and the theory of the consumer, including applications and extensions; theory of the firm; production, cost and supply; partial equilibrium theory of markets; general equilibrium and welfare economics; uncertainty and information; and market imperfections, including monopoly, oligopoly, externalities and public goods.
Key Features
- Accessible and reader-friendly approach
- Coverage of basic and modern aspects of each topic
- Graphical and algebraic expositions throughout
- Special emphasis on policy applications
- Full treatment of corner solutions
- Use of calculus throughout
- Rich pedagogical elements, including examples and end-of-chapter exercises