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Full Description
Support your students' knowledge of modern microeconomics from theory to practice. Microeconomics: Theory and Applications with Calculus, 5th Edition, Global Edition remains the premiere microeconomics text to marry formal theory with robust, thoroughly analysed real-world problems. Intended as an intermediate microeconomics text, Perloff introduces economic theory through a combination of calculus, algebra, and graphs. It then integrates estimated, real-life problems and applications, using a step-by-step approach to demonstrate how microeconomic theory can be applied to solve practical problems and policy issues. Compared with similar texts, the author places greater emphasis on using contemporary theories to analyse markets, so students are prepared to apply economic theory to the latest policy analysis in the field.
Contents
Introduction
Supply and Demand
A Consumer's Constrained Choice
Demand
Consumer Welfare and Policy Analysis
Firms and Production
Costs
Competitive Firms and Markets
Properties and Applications of the Competitive Model
General Equilibrium and Economic Welfare
Monopoly and Monopsony
Pricing and Advertising
Game Theory
Oligopoly and Monopolistic Competition
Factor Markets
Uncertainty
Property Rights, Externalities, Rivalry, and Exclusion
Asymmetric Information
Contracts and Moral Hazards
