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