Microeconomics, 4th Edition

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  • Edition: 4th
  • Format: Hardcover
  • Copyright: 8/1/2011
  • Publisher: Wiley
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Business professionals that struggle to understand key concepts in economics and how they are applied in the field rely on Microeconomics. The fourth edition makes the material accessible while helping them build their problem-solving skills. It includes numerous new practice problems and exercises that arm them with a deeper understanding. Learning by Doing exercises explore the theories while boosting overall math skills. Graphs are included throughout the mathematical discussions to reinforce the material. In addition, the balanced approach of rigorous economics gives business professionals a more practical resource.

''As a study guide, this handbook really stands out. It explains the principles very clearly in a logical order and it uses a lot of examples and cases for students to practice the new techniques. The chapters start with a story to show the real life relevance of the concepts, which is clearly appreciated by the students. Highly recommended for teaching first-year students!'' -Dr Catherine Schaumans, University of Tilburg, The Netherlands

Table of Contents

Introduction To Microeconomics
Analyzing Economic Problems
Demand and Supply Analysis
Consumer Theory
Consumer Preferences and the Concept of Utility
Consumer Choice
The Theory of Demand
Production and Cost Theory
Inputs and Production Functions
Costs and Cost Minimization
Cost Curves
Perfect Competition
Perfectly Competitive Markets
Competitive Markets: Applications
Market Power
Monopoly and Monopsony
Capturing Surplus
Imperfect Competition and Strategic Behavior
Market Structure and Competition
Game Theory and Strategic Behavior
Special Topics
Risk and Information
General Equilibrium
Externalities and Public Goods
Table of Contents provided by Publisher. All Rights Reserved.

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Customer Reviews

Amazing book May 1, 2011
I've used this textbook in an intermediate micro course at Berkeley, and I have to say that this is one of the best written economics textbooks I've read. One of its greatest advantages is the clarity of explanation and abundance of visual aid such as graphs and tables throughout the textbook to support the material. Overall, this is a very good economics textbook for intermediate microeconomics. The book alone deserves 4 stars, but coupled with the study guide, it's definitely a 5.
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Microeconomics, 4th Edition: 5 out of 5 stars based on 1 user reviews.

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