This text incorporates traditional and modern microeconomic theory in a way that is accessible to students without using difficult mathematics. A calculus supplement is also included.
"synopsis" may belong to another edition of this title.
From the Publisher:
Distinctive organization integrates treatment of commodity demands and input supplies (Chap.2); early placement of welfare economics (Chap.12); early treatment of profit maximization in discussion of the firm (Chap.7).
New separate chapter on game theory, tied to oligopoly chapter, but can be skipped
Additional integrated applications
Treatment of costs has again been revised. The authors still maintain that the definition of economic cost should consistently apply to opportunity cost.
"Section Recaps" end sections within chapters and "Progress Check" questions are integrated in chapters.
Examples interesting and plentiful. Not boxed but integrated into text.
Modern (distinct) organization. Instead of at book's end (most do this) , commodity and factor markets are integrated into text.
Significant modifications were made to the theory of the firm chapters, particularly the price-taking firm (see Chap 10).
The treatment of applied costs (Chap 9) has been made more standard.
Some "advanced" topics that included more complex math have been dropped.
The chapter on government (18) has been dropped, and the key topics integrated into the rest of the text.
More examples have been provided throughout the text.
Book Description:
Microeconomic Theory text for courses in economics departments and business schools.
"About this title" may belong to another edition of this title.