Description
- Gives a clear and understandable presentation of the core principles of modern microeconomics, enhanced by a careful discussion of current topical issues.
- Contains, within the chapters, more than 45 examples showing students how to set up and analyze economic problems using the tools of the trade.
- Contains three chapters devoted solely to real-world applications of consumer theory, the competitive model, and the monopoly model.
- Discusses product and resource markets together whenever possible, reinforcing the circular flow nature of a market economy.
- Uses, immediately after the chapters on imperfect competition, partial equilibrium analysis to discuss economic efficiency, market failure, and the role of government.
- Contains over 250 end-of-chapter problems, with solutions to the odd-numbered problems listed for student reference.
- Provides, in the appendixes, a calculus treatment of the basic topics covered in the chapters, as well as more advanced topics.
ISBN:0155413880
