After a rigorous update of Problem Sets and Applications, Intermediate Microeconomics and Its Application is now available in its Eighth Edition. As with previous editions, this text still offers the most clear and concise introduction to economic analysis of how markets operate. The author's streamlined approach to the material, and lively new discussions offer students a textbook that is easy to learn from and interesting to read. Instructors will like the additions to the Further Topics section, which offer an up-to-date presentation of new topics in microeconomics.
Part 1. Introduction. Chapter 1. Economic Models. Part II. Demand. Chapter 2. Utility and Choice. Chapter 3. IndividualÆs Demand. Chapter 4. Market Demand and Elasticity. Part III. Costs and Supply. Chapter 5. Production. Chapter 6. Cost. Chapter 7. Profit Maximization and Supply. Part IV. Models of Market Equilibrium. Chapter 8. Perfect Competition. Chapter 9. Applications of the Competitive Model. Chapter 10. Monopoly. Chapter 11. Imperfect Competition. Chapter 12. Strategy and Game Theory. Part V. Further Topics in Microeconomics. Chapter 13. General Equilibrium. Chapter 14. Demand for Inputs. Chapter 15. Capital & Time. Chapter 16. Uncertainty & Information. Chapter 17. Externalitites & Public Goods.