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This second edition of Microeconomics is filled with learning-by-doing problems that give students a chance to make economics their own. These fully worked-out problems provide a step-by-step road map to help students solve numerical problems. Each problem correlates to similar practice problems at the end of each chapter. In addition, the authors include many extensive real-world examples in the text. These examples are contemporary applications of the theory and are longer and more extensive to show the evolution of the example. Each chapter opens with an example to draw readers into the topic.
Table of Contents
- ABOUT THE AUTHORS
- PREFACE
- ACKNOWLEDGMENTS
- APPLICATIONS
- LEARNING-BY-DOING EXERCISES
- CHAPTER 1 ANALYZING ECONOMIC PROBLEMS
- CHAPTER 2 DEMAND AND SUPPLY ANALYSIS
- CHAPTER 3 CONSUMER PREFERENCES AND THE CONCEPT OF UTILITY
- CHAPTER 4 CONSUMER CHOICE
- CHAPTER 5 THE THEORY OF DEMAND
- CHAPTER 6 INPUTS AND PRODUCTION FUNCTIONS
- CHAPTER 7 COSTS AND COST MINIMIZATION
- CHAPTER 8 COST CURVES
- CHAPTER 9 PERFECTLY COMPETITIVE MARKETS
- CHAPTER 10 COMPETITIVE MARKETS: APPLICATIONS
- CHAPTER 11 MONOPOLY AND MONOPSONY
- CHAPTER 12 CAPTURING SURPLUS
- CHAPTER 13 MARKET STRUCTURE AND COMPETITION
- CHAPTER 14 GAME THEORY AND STRATEGIC BEHAVIOR
- CHAPTER 15 RISK AND INFORMATION
- CHAPTER 16 GENERAL EQUILIBRIUM THEORY
- CHAPTER 17 EXTERNALITIES AND PUBLIC GOODS
- APPENDIX: MATHEMATICAL APPENDIX
- SOLUTIONS TO SELECTED PROBLEMS
- GLOSSARY
- PHOTO CREDITS
