Covering recent theoretical developments in industrial organization and public choice theory, this is a complete textbook for intermediate microeconomics courses. The mathematical development of results lends vigour to its traditional strength: verbal and geometric presentation of key concepts. The clarity and brevity of exposition that made the book popular have been retained.
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Revised and updated to account for recent theoretical developments in industrial structure and strategy, this is a complete textbook for intermediate microeconomic courses. The mathematical interpretations of results lends rigour to its traditional strength: verbal and geometric presentation of key concepts; increased pedagogy; chapter previews and chapter summaries reinforce student comprehension of the main theoretical points. KEY TOPICS: New chapter on Public Choice and increased coverage of industrial organization and information economics. New chapter order reflects the order of progression found in most syllabuses. Extended coverage of the Slutsky equation, price discrimination, general equilibrium and game theory.
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