Using an inductive, hands-on, highly interactive approach, PRICE THEORY AND APPLICATIONS, 8e is an intellectually rigorous and challenging—yet student-friendly—text that offers thorough coverage of both traditional and non-traditional topics important to the study of intermediate microeconomics.
Steven E. Landsburg teaches economics at the University of Rochester. He is the author of six books, including The Armchair Economist (Free Press/Macmillan 1993). His articles have appeared in the Journal of Political Economy, the Journal of Economic Theory, and many other mathematics, economics and philosophy journals. He writes the monthly "Everyday Economics" column in Slate magazine, and has written for Forbes, the New York Times, the Wall Street Journal and the Washington Post. He appeared as a commentator on the PBS/Turner Broadcasting series "Damn Right," and has made over 200 radio and television appearances. He has served on the board of directors of Hutchinson Technology, the world's largest maker of suspension assemblies for hard disk drives. For more information about Professor Landsburg visit http://www.landsburg.com/about2.html.
1. Supply, Demand, and Equilibrium. 2. Prices, Costs, and the Gains from Trade. 3. The Behavior of Consumers. Appendix: Cardinal Utility. 4. Consumers in the Marketplace. 5. The Behavior of Firms. 6. Production and Costs. 7. Competition. 8. Welfare Economics and the Gains from Trade. Appendix: Normative Criteria. 9. Knowledge and Information. 10. Monopoly. 11. Market Power, Collusion, and Oligopoly. 12. The Theory of Games. 13. External Costs and Benefits. 14. Common Property and Public Goods. 15. The Demand for Factors of Production. 16. The Market for Labor. 17. Allocating Goods over Time. 18. Risk and Uncertainty. 19. What Is Economics? Appendix A: Calculus Supplement. Appendix B: Answers to Exercises. Appendix C: Answers to Problem Sets.