A comprehensive analysis of the theoretical tools and real world applications of microeconomics

This book covers all the significant topics in modern microeconomics: demand and the theory of the consumer, including applications and extensions; theory of the firm; production, cost and supply; partial equilibrium theory of markets; general equilibrium and welfare economics; uncertainty and information; and market imperfections, including monopoly, oligopoly, externalities and public goods.

Key Features

* Accessible and reader-friendly approach

* Coverage of basic and modern aspects of each topic

* Graphical and algebraic expositions throughout

* Special emphasis on policy applications

* Full treatment of corner solutions

* Use of calculus throughout

* Rich pedagogical elements, including examples and end-of-chapter exercises