Microeconomic Theory: Basic Principles and Extensions (with Economic Applications, InfoTrac Printed Access Card) / Edition 11

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Overview

MICROECONOMIC THEORY: BASIC PRINCIPLES AND EXTENSIONS, 11th edition, delivers economic models, theoretical tools, real-world applications, and the latest developments in the study of microeconomics. Insightful graphic presentations help visual learners see the connections between the calculus and the algebra/geometry of the same material as it applies to microeconomic theory.

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Product Details

  • ISBN-13: 9781111525538
  • Publisher: Cengage Learning
  • Publication date: 6/23/2011
  • Edition description: New Edition
  • Edition number: 11
  • Pages: 784
  • Sales rank: 573,592
  • Product dimensions: 8.40 (w) x 10.30 (h) x 1.50 (d)

Meet the Author

Walter Nicholson is the Ward H. Patton Professor of Economics at Amherst College where he enjoys introducing students to strange kinds of things economists have tried to model. By combining law and economics, he found the perfect match between interesting economic theory and important social questions that he could use to encourage students to speak accurately about economics. Nicholson received his Ph.D. in economics from MIT and has been published in numerous journals such as the Monthly Labor Review, The Journal of Economic Perspectives, and The Review of Economics and Statistics.

Christopher Snyder specializes in the fields of industrial organization, microeconomic theory, and law and economics. He received his Ph.D. in Economics from the Massachusetts Institute of Technology in 1994 before joining the Economics Department at Dartmouth in 2005.He has also taught at George Washington University and has held visiting positions at M.I.T. and the University of Chicago.

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Table of Contents

Part I: INTRODUCTION. 1. Economic Models. 2. Mathematics for Microeconomics. Part II: CHOICE AND DEMAND. 3. Preferences and Utility. 4. Utility Maximization and Choice. 5. Income and Substitution Effects. 6. Demand Relationships among Goods. Part III: UNCERTAINTY AND STRATEGY. 7. Uncertainty. 8. Game Theory. Part IV: PRODUCTION AND SUPPLY. 9. Production Functions. 10. Cost Functions. 11. Profit Maximization. Part V: COMPETITIVE MARKETS. 12. The Partial Equilibrium Competitive Model. 13. General Equilibrium and Welfare. Part VI: MARKET POWER. 14. Monopoly. 15. Imperfect Competition. Part VII: PRICING IN INPUT MARKETS. 16. Labor Markets. 17. Capital and Time. Part VIII: MARKET FAILURE. 18. Asymmetric Information. 19. Externalities and Public Goods.

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