This book provides a rigorous course to the theory of intermediate microeconomics. It includes not only the basic traditional theory, but also a “From the Literature” box in each chapter directing students to applications of the theory. The theory is developed axiomatically, with optional sections using one-variable calculus included for interested readers. A substantial number of homework problems are also interspersed throughout the text. Covering the essential topics of microeconomics, this book is highly suitable for a one-term class in microeconomics at the intermediate level.
A complimentary copy of the Instructor's Manual and the PowerPoint presentations of the text materials are available for all instructors who adopt this book as a course text. Please send your request to [email protected].
Contents:
- Some Building Blocks
- Review of Supply and Demand
- Preferences, Utility, Demand
- Income and Substitution Effects and Elasticity
- Moving Toward Profit: The Firm's Costs
- Profit Maximization: The Case of Competition
- Monopoly
- More Monopoly
- Oligopoly
- The Long-Run Competitive Model
- Hiring Labor
- General Equilibrium
- Welfare Economics
- Uncertainty
Readership: Researchers, academics, undergraduates and graduates in economics.