For all intermediate Microeconomics courses at the undergraduate or graduate level. This Global Edition has been edited to include enhancements making it more relevant to students outside the United States Understand the practical, problem-solving aspects of microeconomic theory. Microeconomics: Theory and Applications with Calculus uses calculus, algebra, and graphs to present microeconomic theory using actual examples, and then encourages students to apply the theory to analyze real-world problems. The Third Edition has been substantially revised, 80% of the Applications are new or updated, and there are 24 new Solved Problems. Every chapter (after Chapter 1) contains a new feature (the Challenge and the Challenge Solution) and has many new end-of-chapter exercises.
1. Introduction 2. Supply and Demand 3. A Consumers Constrained Choice 4. Demand 5. Consumer Welfare and Policy Analysis 6. Firms and Production 7. Costs 8. Competitive Firms and Markets 9. Properties and Applications of the Competitive Model 10. General Equilibrium and Economic Welfare 11. Monopoly 12. Pricing and Advertising 13. Game Theory 14. Oligopoly and Monopolistic Competition 15. Factor Markets 16. Uncertainty 17. Externalities, Open Access, and Public Goods 18. Asymmetric Information 19. Contracts and Moral Hazards