This text emphasizes a modern approach to microeconomics by integrating new topics in microeconomic theory and making them accessible to students. These topics include risk and uncertainty, assymetric information and game theory. Traditional topics are also treated in a clear way with solid applications. Modifications have been made to the text in this edition, these include new information on the theory of the firm, specifically the coverage of cost, and examples are included throughout the text to reinforce the material presented.
"synopsis" may belong to another edition of this title.
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.
Microeconomic Theory text for courses in economics departments and business schools.
"About this title" may belong to another edition of this title.
Book Description McGraw-Hill Education (ISE Edi, 1997. Paperback. Book Condition: New. Bookseller Inventory # P110071153543
Book Description McGraw-Hill Education (ISE Editions), 1997. Paperback. Book Condition: New. Bookseller Inventory # DADAX0071153543