For undergraduate and graduate economics majors who are enrolled in an Intermediate Microeconomics course.
A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making.
This edition includes a number of new topics, updated examples, and improved exposition of existing materials.
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MyEconLab is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts.
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Table of Contents
Part One Introduction: Markets and Prices
Chapter 1 Preliminaries
Chapter 2 The Basics Of Supply And Demand
Part Two Producers, Consumers, and Competitive Markets
Chapter 3 Consumer Behavior
Chapter 4 Individual And Market Demand
Chapter 5 Uncertainty And Consumer Behavior
Chapter 6 Production
Chapter 7 The Cost Of Production
Chapter 8 Profit Maximization And Competitive Supply
Chapter 9 The Analysis Of Competitive Markets
Part Three Market Structure and Competitive Strategy
Chapter 10 Market Power: Monopoly And Monopsony
Chapter 11 Pricing With Market Power
Chapter 12 Monopolistic Competition And Oligopoly
Chapter 13 Game Theory And Competitive Strategy
Chapter 14 Markets For Factor Inputs
Chapter 15 Investment, Time, And Capital Markets
Part Four Information, Market Failure, and the Role of Government
Chapter 16 General Equilibrium And Economic Efficiency
Chapter 17 Markets With Asymmetric Information
Chapter 18 Externalities And Public Goods