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Like no other text for the intermediate microeconomics course, Goolsbee, Levitt, and Syverson’s Microeconomics bridges the gap between the theory and practice, providing an empirical dimension that makes the course immediately relevant and useful to students. With carefully crafted features and examples that offer unusual perspectives on the seemingly ordinary, Goolsbee, Levitt, and Syverson’s breakthrough text helps instructors move students from understanding basic economic principles to applying the powerful tools of economic analysis.
Table of Contents
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
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