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Microeconomics bridges the gap between theory and practice with an empirical dimension making the subject relevant and useful to students. With carefully crafted features that offer unusual perspectives on the seemingly ordinary, this breakthrough text helps students to move beyond basic principles to successfully apply economic analysis.
Sommario
PART 1 Basic Concepts
1 Adventures in Microeconomics
2 Supply and Demand
3 Using Supply and Demand to Analyze Markets
PART 2 Consumption and Production
4 Consumer Behavior
Appendix: The Calculus of Utility Maximization and Expenditure Minimization
5 Individual and Market Demand
Appendix: The Calculus of Income and Substitution Effects
6 Producer Behavior
Appendix: The Calculus of Cost Minimization
7 Costs
Appendix: The Calculus of a Firm's Cost Structure
PART 3 Markets and Prices
8 Supply in a Competitive Market
9 Market Power and Monopoly
Appendix: The Calculus of Profit Maximization
10 Market Power and Pricing Strategies
11 Imperfect Competition
12 Game Theory
PART 4 Beyond the Basics
13 Investment, Time, and Uncertainty
14 General Equilibrium
15 Asymmetric Information
16 Market Failure
17 Behavioral and Experimental Economics
