Microeconomics Theory and Applications

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Microeconomic Theory & Applications Sixth Edition Edgar K. Browning, Texas A&M University Mark A. Zupan, University of Arizona This best-selling microeconomics text has helped thousands of students learn microeconomic theory and how to apply it in their everyday lives. Two of the most distinguished authors in the field present an abundance of applications with the conviction that the more real-world examples are provided to bolster the theory, the better prepared students will be to use the theory on ...
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Overview

Microeconomic Theory & Applications Sixth Edition Edgar K. Browning, Texas A&M University Mark A. Zupan, University of Arizona This best-selling microeconomics text has helped thousands of students learn microeconomic theory and how to apply it in their everyday lives. Two of the most distinguished authors in the field present an abundance of applications with the conviction that the more real-world examples are provided to bolster the theory, the better prepared students will be to use the theory on their own. In this new sixth edition, the authors have retained and often enhanced the best applications from previous editions and have added numerous new engaging ones to enrich the presentation. Highlights of the sixth edition include the following:*Over 100 in-text examples covering both public policy and business issues and 4 unique, in-depth applications chapters (Chapter 5 on using consumer choice theory, Chapter 9 on using the competitive model, Chapter 14 on using noncompetitive market models, and Chapter 17 on using input market analysis). These highly acclaimed applications demonstrate theory at work in real companies, industry, and government. Students will gravitate to examples such as the "World Wide Wait" on the World Wide Web, the real price of a first-class ticket on the Titanic, and peak-load pricing by colleges.*A streamlined and clarified presentation that shortens the previous edition's chapters from 21 to 19.*Many business applications and theoretical concepts, showing how useful microeconomic concepts can be for the future businessperson. Still other applications demonstrate relevance for public policy issues and show students how microeconomicscan be used as a tool for sound decision making.*Clear economic graphs that use color consistently to teach economic concepts.The market applauds the Browning/Zupan approach: "Browning and Zupan really shine in terms of their applications and examples." Gary Anderson, California State University, Northridge "Lots of engaging applications … students will like them and learn from them." Robert L. Moore, Occidental College "I'm impressed with the accuracy and consistency of the text. The level is exactly right for my students. … The graphs are excellent—some of the best I've seen." Philip King, San Francisco State University "Many good books get better in later revisions, and I find this to be the case with Browning and Zupan." James Giordano, Villanova University
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Editorial Reviews

Booknews
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: 9780673523815
  • Publisher: Addison-Wesley Educational Publishers, Inc.
  • Publication date: 1/1/1996
  • Edition description: 5th ed
  • Edition number: 5
  • Pages: 656

Table of Contents

Preface
Ch. 1 Microeconomics and Market Analysis 1
Ch. 2 The Theory of Consumer Choice 28
Ch. 3 Individual and Market Demand 72
Ch. 4 Using Consumer Choice Theory 113
Ch. 5 Exchange, Efficiency, and Prices 153
Ch. 6 Production 177
Ch. 7 The Costs of Production 202
Ch. 8 Profit Maximization and the Competitive Firm 238
Ch. 9 The Competitive Industry 260
Ch. 10 Using the Competitive Model 299
Ch. 11 Monopoly 349
Ch. 12 Monopolistic Competition and Oligopoly 395
Ch. 13 Game Theory and the Economics of Information 431
Ch. 14 Using Noncompetitive Market Models 467
Ch. 15 Employment and Pricing of Inputs 502
Ch. 16 Wages, Rent, Interest, and Profit 533
Ch. 17 Using Input Market Analysis 566
Ch. 18 General Equilibrium Analysis 607
Ch. 19 Welfare Economics 631
Ch. 20 Public Goods and Externalities 657
Mathematical Appendix 677
Answers to Selected Problems 691
Index 705
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