Microeconomic Theory 11e
ISBN-13: 9781111525514 / ISBN-10: 111152551X
This proven market leader is now even better. MICROECONOMIC THEORY: BASIC PRINCIPLES AND EXTENSIONS, International Edition delivers the most cutting-edge treatment of microeconomics in its new 11th edition. The text offers an ideal level of mathematical rigor for upper level undergraduate students and beginning graduate students. Students work directly with theoretical tools, real-world applications, and cutting edge developments in the study of microeconomics. It provides clear and accurate coverage of advanced microeconomic concepts and illustrates how the theory applies to practical situations. In addition, the text’s aggressive effort helps build student intuition by including a new two-tier end-of-chapter problem that begins with simple numerical/mathematical exercises followed by more analytical, theoretical, and complex problems.
Part I: INTRODUCTION.
1. Economic Models.
2. Mathematics for Microeconomics.
Part II: CHOICE AND DEMAND.
3. Preferences and Utility.
4. Utility Maximization and Choice.
5. Income and Substitution Effects.
6. Demand Relationships among Goods.
Part III: UNCERTAINTY AND STRATEGY.
8. Game Theory.
Part IV: PRODUCTION AND SUPPLY.
9. Production Functions.
10. Cost Functions.
11. Profit Maximization.
Part V: COMPETITIVE MARKETS.
12. The Partial Equilibrium Competitive Model.
13. General Equilibrium and Welfare.
Part VI: MARKET POWER.
15. Imperfect Competition.
Part VII: PRICING IN INPUT MARKETS.
16. Labor Markets.
17. Capital and Time.
Part VIII: MARKET FAILURE.
18. Asymmetric Information.
19. Externalities and Public Goods.
Christopher Snyder specializes in the fields of industrial organization, microeconomic theory, and law and economics. He received his Ph.D. in Economics from the Massachusetts Institute of Technology in 1994 before joining the Economics Department at Dartmouth in 2005.He has also taught at George Washington University and has held visiting positions at M.I.T. and the University of Chicago.
Walter Nicholson is the Ward H. Patton Professor of Economics at Amherst College where he enjoys introducing students to strange kinds of things economists have tried to model. By combining law and economics, he found the perfect match between interesting economic theory and important social questions that he could use to encourage students to speak accurately about economics. Nicholson received his Ph.D. in economics from MIT and has been published in numerous journals such as the Monthly Labor Review, The Journal of Economic Perspectives, and The Review of Economics and Statistics.