Microeconomics presents, in expanded form, the “micro” chapters from the seventh edition of The Economic Way of Thinking. Like Professor Heyne's other books, Microeconomics is based on the philosophy that the study of economics is best served by showing students how it is directly relevant to their own lives. The text addresses all concepts systematically and consistently, proceeding from a real-life problem to economic theory. Including a wealth of examples, Microeconomics covers all the standard microeconomic principles in a way that makes them realistic and accessible.