Synopses & Reviews
A dedicated teacher, Don Waldman uses over ninety thought-provoking examples—such as the market for human organs, drug testing in professional baseball, and collusion in the Ivy League—to demonstrate the power of microeconomics as a tool for thinking about complex issues.
The Second Edition of Microeconomics is delivered in dotlearn, making the learning experience more robust for a fraction of the cost of a traditional textbook. Waldman’s online text integrates animated figures, hands-on explorations, and dynamic example problems into the core text. dotlearn offers complete course management and assessment options, as well as a fully interactive study guide. With dotlearn, readers are doing economics—not just reading it.
Introduction; Supply and Demand; Theory of Consumer Behavior; Further Topics in Consumer Theory; Using Consumer Theory; Uncertainty; The Theory of Production and Costs; Perfectly Competitive Product Markets; The Invisible Hand at Work; Using the Model of Perfect Competition; Monopoly and Monopolistic Competition; Additional Monopoly Topics: Practicing Strategies and Public Policy; An Introduction to Game Theory; Oligopoly; Strategic Behavior; Using the Models of Monopoly and Oligopoly; Factor Markets; Investment, Time, and Risk; General Equilibrium and Efficiency; Asymmetric Information; Externalities and Public Goods.
For all readers interested in intermediate microeconomics.
About the Author
Don Waldman is the Richard M. Kessler Professor of Economic Studies and Chair of the Department of Economics at Colgate University. Prior to his current post, he was Director of the Division of Social Sciences from 1992 to 1995. He received a bachelor’s degree from Temple University, a master’s degree from Brown University, and a PhD from Cornell. His research interests include antitrust policy, regulation and deregulation, and the social impacts of tax policy. He is the author of several books and articles on economic topics, including Industrial Organization: Theory and Practice with Elizabeth Jensen.
Table of Contents
Chapter 1 Introduction
Chapter 2 Supply and Demand
Chapter 3 Theory of Consumer Behavior
Chapter 4 Further Topics in Consumer Theory
Chapter 5 Using Consumer Theory
Chapter 6 Uncertainty
Chapter 7 The Theory of Production and Costs
Chapter 8 Perfectly Competitive Product Markets
Chapter 9 The Invisible Hand at Work
Chapter 10 Using the Model of Perfect Competition
Chapter 11 Monopoly and Monopolistic Competition
Chapter 12 Additional Monopoly Topics: Practicing Strategies and Public Policy
Chapter 13 An Introduction to Game Theory
Chapter 14 Oligopoly
Chapter 15 Strategic Behavior
Chapter 16 Using the Models of Monopoly and Oligopoly
Chapter 17 Factor Markets
Chapter 18 Investment, Time, and Risk
Chapter 19 General Equilibrium and Efficiency
Chapter 20 Asymmetric Information
Chapter 21 Externalities and Public Goods