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Full Description
This first Australian edition of the best-selling Microeconomics text by Jeffrey M. Perloff is masterfully adapted for the Australian market by the respected author team of Dr Rhonda Smith and Professor David Round. The Australasian context brings the experience of Microeconomics closer to home, which helps make the subject more relevant and useful to Australian and international students.
Microeconomics covers the latest developments in microeconomic theory and, using Australian and international examples, data and trends, explores how firms and policymakers use microeconomic models to analyse and solve problems.
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Contents
1. Introduction
2. Supply and Demand
3. Applying the Supply-and-Demand Model
4. Consumer Choice
5. Applying Consumer Theory
6. Firms and Production
7. Costs
8. Competitive Firms and Markets
9. Applying the Competitive Model
10. General Equilibrium and Economic Welfare
11. Monopoly
12. Pricing and Advertising
13. Oligopoly and Monopolistic Competition
14. Game Theory
15. Factor Markets and Vertical Integration
16. Interest Rates, Investments and Capital Markets
17. Uncertainty
18. Externalities, Open-Access and Public Goods
19. Asymmetric Information
20. Contracts and Moral Hazards
Appendices
