Microeconomics: Theory & Applications, Value Edition, 8th Edition

by Edgar K. Browning (Texas A & M University); Mark A. Zupan (Univ. of Arizona)

• ISBN13: 9780471678717
• ISBN10: 0471678716
• Edition: 8th
• Format: Paperback
• Copyright: 2004-08-01
• Publisher: WILEY

Summary

With this new, less expensive Value Edition of Browning & Zupan's Microeconomics: Theory & Applications, you get a rich array of everyday-life microeconomic applications and clear explanations of theoretical concepts, at one great price. But that's not all. This Value Edition also features: New Excel-based tutorials that will help you improve your grades A registration code packaged inside this text gives you access to new Excel-based tutorials. These tutorials guide you through key microeconomic topics with interactive graphs and charts, integrated help boxes, and page references to the text for further review. 20 new real-life applications (for a total of over 140 applications!) These applications help make microeconomics interesting, relevant, and easier to understand. New applications include: Why State and Local Policymakers Are Not Fond of Online and Catalog Commerce, The Economics Behind Anti-War Protests, Making Telemarketers Pay, an d more!

Table of Contents

*An Introduction to Microeconomics *Supply and Demand *The Theory of Consumer Choice *Individual and Market Demand *Using Consumer Choice Theory *Exchange, Efficiency, and Prices *Production *The Cost of Production *Profit Maximization in Perfectly Competitive Markets *Using the Competitive Model *Monopoly *Product Pricing with Monopoly Power *Monopolistic Competition and Oligopoly *Game Theory and the Economics of Information *Using Noncompetitive Market Models *Employment and Pricing of Inputs *Wages, Rent, Interest, and Profit *Using Input Market Analysis *General Equilibrium Analysis and Economic Efficiency *Public Goods and Externalities

Mathematical Appendix

Answers to Selected Problems