Microeconomic Theory and Applications / Edition 9

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The world looks different through the eyes of an economist.

From internet dating and antiwar protests to citrus farming, caviar, and Canadian prescription drugs--everything looks different through the eyes of an economist.

Recognized for it's extensive collection of intriguing applications, Browning & Zupan's Microeconomics: Theory & Applications, Ninth Edition teaches you how to look at the world through the eyes of an economist. You'll learn to analyze real-world situations and predict market phenomena using fundamental analysis tools.

Now revised with several new applications, this Ninth Edition continues to make microeconomics real and relevant. Firmly committed to the needs of today's students, the authors present fundamental concepts and techniques in a brief, less expensive paperback format.

New applications include:
* The Accounting and Economic Costs of SOX
* Social Security and Saving
* An Example of a Backward-Bending Labor Supply Curve: The Work Effort Choices of Dentists Versus Physicians
* The Likelihood of Good Samaritan Behavior and Group Size
* What the Marginal-Average Relationship Means for Your Grade Point Average
* The Low-Down on Why Lojack Is Underprovided
* What to Do if the World Truly Is Flat
* The Effect of Wal-Mart on Retailing Productivity, Costs, and Prices
* Asymmetric Information and Internet Dating

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Editorial Reviews

New edition of a microeconomics text that provides the fundamental tools of analysis and shows how the tools can be used to analyze both old and new economy markets. In addition to core principles, it emphasizes input market analysis and public policy issues. Although all chapters contain applictions, four of them are devoted exclusively to longer examples that use and reinforce the graphical and logical techniques developed in the theory chapters. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780471679431
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 12/16/2005
  • Edition description: REV
  • Edition number: 9
  • Pages: 624
  • Product dimensions: 8.26 (w) x 9.94 (h) x 0.86 (d)

Meet the Author

Edgar K. Browning is the Alfred F. Chalk Professor in Economics at Texas A&M University and his specialty is Public Economics.  He earned a B.A. in Economics from the University of Virginia and a Ph.D. in Economics from Princeton University in 1971. A selected list of his publications includes “ A Neglected Welfare Cost of Monopoly- and Most other Product Market Distortions,” Journal of Public Economics, 1997; The Non-Tax Wedge,” Journal of Public Economics, 1994; “The Marginal Cost of Redistribution,” Public Finance Quarterly, 1993; “On the Marginal Welfare Cost of Taxation,” American Economic Review, 1987; “The Trade-Off Between Equality and Efficiency,” Journal of Political Economy, 1984.

Mark A. Zupan is currently the Dean of the William E. Simon Graduate School of Business Administration at the University of Rochester.  Previously, he was dean of the University of Arizona’s Eller College of Business and Public Administration since 1997.  He earned a B.A. in Economics from Harvard University and a Ph.D. in Economics from the Massachusetts Institute of Technology.  Dr. Zupan’s fields of specialization are industrial organization, regulation and political economy.  He is the co-author on two books and more than 20 articles in journals such as American Economic Review, Public Choice, and the Journal of Law and Economics.  He’s also the recipient of several teaching awards at both USC and Harvard.

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Table of Contents



Chapter 1. An Introduction to Microeconomics.

Chapter 2.  Supply and Demand.

Chapter 3.  The Theory of Consumer Choice.

Chapter 4.  Individual and Market Demand.

Chapter 5.  Using Consumer Choice Theory.

Chapter 6.  Exchange, Efficiency, and Prices.

Chapter 7.  Production.

Chapter 8.  The Cost of Production .

Chapter 9.  Profit Maximization in Perfectly Competitive Markets.

Chapter 10.  Using the Competitive Model.

Chapter 11.  Monopoly.

Chapter 12.  Product Pricing with Monopoly Power.

Chapter 13.  Monopolistic Competition and Oligopoly.

Chapter 14.  Game Theory and the Economics of Information.

Chapter 15.  Using Noncompetitive Market Models.

Chapter 16.  Employment and Pricing of Inputs.

Chapter 17.  Wages, Rent, Interest, and Profit.

Chapter 18.  Using Input Market Analysis.

Chapter 19.  General Equilibrium Analysis and Economic Efficiency.

Chapter 20.  Public Goods and Externalities.

Mathematical Appendix.

Answers to Selected Problems.



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