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Full Description
MICROECONOMIC THEORYEdition delivers economic models, theoretical tools, real-world applications, and the latest developments in the study of microeconomics. Insightful graphic presentations help visual learners see the connections between the calculus and the algebra/geometry of the same material as it applies to microeconomic theory.
Contents
Part I1. Economic Models. 2. Mathematics for Microeconomics. Part II: CHOICE AND DEMAND.3. Preferences and Utility. 4. Utility Maximization and Choice. 5. Income and Substitution Effects. 6. Demand Relationships among Goods. Part III: UNCERTAINTY AND STRATEGY.7. Uncertainty. 8. Game Theory. Part IV: PRODUCTION AND SUPPLY.9. Production Functions. 10. Cost Functions. 11. Profit Maximization. Part V: COMPETITIVE MARKETS.12. The Partial Equilibrium Competitive Model. 13. General Equilibrium and Welfare. Part VI: MARKET POWER.14. Monopoly. 15. Imperfect Competition. 16. Labor Markets. 17. Capital and Time. Part VIII: MARKET FAILURE.18. Asymmetric Information. 19. Externalities and Public Goods.