Microeconomic Theory: Basic Principles and Extensions (with Economic Applications, InfoTrac Printed Access Card) / Edition 10

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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: 9780324421620
  • Publisher: Cengage Learning
  • Publication date: 9/14/2007
  • Edition description: Older Edition
  • Edition number: 10
  • Pages: 768
  • Product dimensions: 8.10 (w) x 10.20 (h) x 1.30 (d)

Meet the Author

Walter Nicholson is the Ward H. Patton Emeritus Professor of Economics at Amherst College and a visiting professor at Ave Maria University, Naples, Florida. Over his teaching career, Professor Nicholson has sought to develop in students an appreciation for the value of economic models in the study of important social questions. He also has enjoyed showing students some of the stranger things that economists have sought to model. Nicholson received his PhD in economics from MIT. Most of his research is in the area of labor economics, especially policy questions related to unemployment.

Christopher Snyder is the Joel Z. and Susan Hyatt Professor of Economics at Dartmouth College, where he pursues research and teaching interests in microeconomic theory, industrial organization, and law and economics. He is a research associate in the National Bureau of Economic Research, serves on the board of the Industrial Organization Society, and is an associate editor of the International Journal of Industrial Organization and Review of Industrial Organization. Snyder received his PhD from MIT. His recent research has appeared in leading journals both in and outside economics, including the Journal of Political Economy and Journal of the American Medical Association. He lives in Hanover, New Hampshire, with his wife, who also teaches economics at Dartmouth, and three daughters.

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Table of Contents

Pt. I Introduction 1
Ch. 1 Economic Models 3
Ch. 2 The Mathematics of Optimization 23
Pt. II Choice and Demand 67
Ch. 3 Preferences and Utility 69
Ch. 4 Utility Maximization and Choice 98
Ch. 5 Income and Substitution Effects 125
Ch. 6 Demand Relationships among Goods 164
Ch. 7 Market Demand and Elasticity 184
Pt. III Choice under Uncertainty 209
Ch. 8 Choice in Uncertain Situations: Expected Utility and Risk Aversion 211
Ch. 9 The Economics of Information 242
Ch. 10 Game Theory and Strategic Equilibrium 265
Pt. IV Production and Supply 287
Ch. 11 Production Functions 289
Ch. 12 Costs 322
Ch. 13 Profit Maximization and Supply 363
Pt. V Perfect Competition 397
Ch. 14 The Partial Equilibrium Competitive Model 399
Ch. 15 Applied Competitive Analysis 438
Ch. 16 General Competitive Equilibrium 459
Ch. 17 The Efficiency of Perfect Competition 501
Pt. VI Models of Imperfect Competition 543
Ch. 18 Models of Monopoly 545
Ch. 19 Traditional Models of Imperfect Competition 580
Ch. 20 Game Theory Models of Pricing 610
Pt. VII Pricing in Input Markets 633
Ch. 21 Firms' Demands for Inputs 635
Ch. 22 Labor Supply 666
Ch. 23 Capital 690
Pt. VIII Limits of the Market 727
Ch. 24 Externalities and Public Goods 729
Ch. 25 Public Choice Theory 757
Brief Answers to Queries 781
Solutions to Odd-Numbered Problems 791
Glossary of Frequently used Terms 801
Name Index 809
Subject Index 813
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