Microeconomics

Microeconomics, 5th Edition gives students the most effective approach for learning microeconomic tools and concepts. This text provides an accessible, integrated structure with numerous practice problems, exercises, and engaging applications. Worked-out Learning-by-Doing problems, mathematical and graphical data, and verbal explanations enable business and economics majors to recognize significant data, patterns, and trends.

PART 1 INTRODUCTION TO MICROECONOMICS 1. Analyzing Economic Problems 2. Demand and Supply Analysis PART 2 CONSUMER THEORY 3. Consumer Preferences and the Concept of Utility 4. Consumer Choice 5. The Theory of Demand PART 3 PRODUCTION AND COST THEORY 6. Inputs and Production Functions 7. Costs and Cost Minimization 8. Cost Curves PART 4 PERFECT COMPETITION 9. Perfectly Competitive Markets 10. Competitive Markets: Applications PART 5 MARKET POWER 11. Monopoly and Monopsony 12. Capturing Surplus PART 6 IMPERFECT COMPETITION AND STRATEGIC BEHAVIOR 13. Market Structure and Competition 14. Game Theory and Strategic Behavior PART 7 SPECIAL TOPICS 15. Risk and Information 16. General Equilibrium Theory 17. Externalities and Public Goods Mathematical Appendix Solutions to Selected Problems Glossary Index