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Theory and Application of Intermediate Microeconomics, International Edition (with InfoApps 2-Semest 11e

ISBN-13: 9780324599497 / ISBN-10: 0324599498

Walter Nicholson, Amherst College
Christopher Snyder, Dartmouth College
Published by Cengage Learning, ©2010
Available Now

The Eleventh Edition of THEORY AND APPLICATION OF INTERMEDIATE MICROECONOMICS, INTERNATIONAL EDITION by Walter Nicholson of Amherst College and Christopher Snyder of Dartmouth College, provides an exceptionally clear and concise introduction to the economics of markets, with a managerial focus and using an algebraic approach. The authors have provided a complete range of highly relevant applications and appealing, current examples, filling this edition with strong examples and activities that engage students' interest and encourage them to learn by doing.


  • The text features a full complement of integrated pedagogical features to enhance student learning, including review checklists, an end-of-text glossary, solutions to odd-numbered problems, review questions, questions at the end of applications, numerical examples of major concepts, chapter summaries, and the new "Policy Challenges" features.
  • MicroQuizzes within the chapters reinforce learning as key concepts are presented, enabling students to better absorb and retain the information, while end-of-chapter problems provide a more thorough review of the material to help students succeed in the course.
  • In addition to a strong managerial approach reflected throughout the text, the authors maintain an algebra focus in all mathematical presentations, making the material manageable for students without a strong foundation in calculus.
  • InfoTracĀ® College Edition has been integrated into the text through margin notes with keywords related to the chapter topics, giving students access to a database of over two million articles from hundreds of reliable scholarly and popular publications, including magazines, journals, encyclopedias, and newsletters.
  • Students receive access to Economic Applications resources including EconDebate Online, EconNews Online, EconLinks Online, and EconData Online, giving them a wealth of useful information and interactive learning tools to complement the text and help them succeed in class.

1. Economic Models.
Appendix: Mathematics Used In Microeconomics.
Part 2: DEMAND.
2. Utility and Choice.
3. Demand Curves.
4. Uncertainty and Expected Utility.
5. Game Theory.
6. Production.
7. Costs.
8. Profit Maximization and Supply.
9. Perfect Competition in a Single Market.
10. General Equilibrium and Welfare.
11. Monopoly.
12. Imperfect Competition.
13. Pricing in Input Markets.
14. Capital and Time.
15. Asymmetric Information.
16. Public Goods and Externalities.
17. Behavioral Economics.
  • The authors have added or revised many applications to give them a strong managerial focus while illustrating key economic concepts in the context of current high-interest topics, such as the high-definition standards war and moral hazard in the financial crisis. Other applications include health care, the value of cell phones, a comparison of SUVs vs. minivans, insurance, Nash equilibrium, sports strategies, and terrorism.
  • New "Policy Challenges" features at the end of many applications challenge students to consider how new or existing policies relate to the topics being explored, providing a useful real-world focus.
  • Several chapters have been condensed or combined for a more streamlined presentation and focused discussion, offering an excellent balance between thorough, effective coverage of essential microeconomics topics and an appealing, student-friendly format.
  • A new chapter on behavioral economics provides a detailed introduction to this important topic, exploring the notion of price differentials that compensate for risk before covering finance-related issues such as diversifiable risk, risk premia, and options and hedging.
  • Numerous new problems have been added.
Walter Nicholson
Walter Nicholson is the Ward H. Patton Emeritus Professor of Economics at Amherst College and a visiting professor at Ave Maria University, Naples, Florida. Over his teaching career, Professor Nicholson has sought to develop in students an appreciation for the value of economic models in the study of important social questions. He also has enjoyed showing students some of the stranger things that economists have sought to model. Nicholson received his PhD in economics from MIT. Most of his research is in the area of labor economics, especially policy questions related to unemployment.

Christopher Snyder
Christopher Snyder is the Joel Z. and Susan Hyatt Professor of Economics at Dartmouth College, where he pursues research and teaching interests in microeconomic theory, industrial organization, and law and economics. He is a research associate in the National Bureau of Economic Research, serves on the board of the Industrial Organization Society, and is an associate editor of the International Journal of Industrial Organization and Review of Industrial Organization. Snyder received his PhD from MIT. His recent research has appeared in leading journals both in and outside economics, including the Journal of Political Economy and Journal of the American Medical Association. He lives in Hanover, New Hampshire, with his wife, who also teaches economics at Dartmouth, and three daughters.