Microeconomics, 5th Edition International Student Version

Microeconomics, 5th Edition gives students the most effective approach for learning microeconomic tools and concepts. This text provides an accessible, integrated structure with numerous practice problems, exercises, and engaging applications. Worked–out Learning–by–Doing problems, mathematical and graphical data, and verbal explanations enable business and economics majors to recognize significant data, patterns, and trends.

PART 1 INTRODUCTION TO MICROECONOMICS

1. Analyzing Economic Problems

2. Demand and Supply Analysis

PART 2 CONSUMER THEORY

3. Consumer Preferences and the Concept of Utility

4. Consumer Choice

5. The Theory of Demand

PART 3 PRODUCTION AND COST THEORY

6. Inputs and Production Functions

7. Costs and Cost Minimization

8. Cost Curves

PART 4 PERFECT COMPETITION

9. Perfectly Competitive Markets

10. Competitive Markets: Applications

PART 5 MARKET POWER

11. Monopoly and Monopsony

12. Capturing Surplus

PART 6 IMPERFECT COMPETITION AND STRATEGIC BEHAVIOR

13. Market Structure and Competition

14. Game Theory and Strategic Behavior

PART 7 SPECIAL TOPICS

15. Risk and Information

16. General Equilibrium Theory

17. Externalities and Public Goods

Mathematical Appendix

Solutions to Selected Problems

Glossary

Index