Professor Schotter believes the future of microeconomics will be heavily connected with the use of experimental tools. And with the exciting new MICROECONOMICS: A MODERN APPROACH, International Edition your students will be well prepared. Applying intermediate economics to everyday life, this innovative first edition is built on an experimental economics framework that emphasizes game theory, strategic analysis, and organization of the firm. Each chapter and section builds on a unifying theme of how economic institutions develop to solve problems that arise in a society. Concepts are presented within the context of a society that starts out in a primitive state of nature and gradually develops the characteristics and institutions of a modern economy. The text also nurtures critical-thinking skills by presenting theories as well as their deficiencies. Illustrating various points of view, MICROECONOMICS: A MODERN APPROACH, International Edition encourages students not to just study theory, but to apply their knowledge to real-world issues.
