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Now you can truly understand and apply the latest economic models as you work directly with theoretical tools, real-world applications, and the popular new behavioral economics in this reader-friendly, market-leading book. MICROECONOMIC THEORY: BASIC PRINCIPLES AND EXTENSIONS, 12E takes a calculus-based approach to provide the ideal level of mathematical rigor, whether you are an upper-level undergraduate or beginning graduate student. Insightful graphic presentations help you visually grasp the connections between the calculus and the algebraic and geometric approach to the same material. End-of-chapter problems present simple numerical/mathematical exercises, which strengthen your microeconomic intuition and are followed by more analytical, theoretical, behavioral, and complex problems. Unlike other more theoretical texts, MICROECONOMIC THEORY, 12E closely connects all theory to real applications in the world today.
Language: English
ISBN-10: 1305505794
ISBN-13: 978-1305505797
ISBN-13: 9781305505797
Author: Walter Nicholson, Christopher M.Snyder
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Table of content:
1. Economic Models.
2. Mathematics for Microeconomics.
3. Preferences and Utility.
4. Utility Maximization and Choice.
5. Income and Substitution Effects.
6. Demand Relationships among Goods.
7. Uncertainty.
8. Game Theory.
9. Production Functions.
10. Cost Functions.
11. Profit Maximization.
12. The Partial Equilibrium Competitive Model.
13. General Equilibrium and Welfare.
14. Monopoly.
15. Imperfect Competition.
16. Labor Markets.
17. Capital and Time.
18. Asymmetric Information.
19. Externalities and Public Goods.
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