Microeconomics: Theory and Applications

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9780024053206: Microeconomics: Theory and Applications

Fully revised and expanded, this fifth edition of Microeconomics: Theory and Applications presents all the standard topics of traditional microeconomic theory while offering a modern approach that reflects the many exciting recent developments in the field. With its student-friendly writing style and clear presentation of graphs, this is an ideal text for undergraduate courses in intermediate microeconomics and business programs.

Features of the Fifth Edition
*Offers a balance of traditional microeconomic topics while addressing contemporary issues and concerns
*Introduces an important international dimension to microeconomics, reflecting the strong trend toward globalization in tastes, production, and distribution in today's world
*Presents an "at the Frontier" section in each chapter that highlights the most exciting recent examples of more advanced theoretical developments in microeconomics

New and Expanded Treatment in the Fifth Edition
*Includes electronic commerce, behavioral economics, auctioning airwaves, effect of outsourcing on employment and wages in the United States, fields of education and lifetime earnings, effect of taxation on business decisions
*Provides more than 130 new and updated real-world examples of how microeconomic theory can be used to analyze and possibly resolve important present-day economic problems
*Offers expanded treatment of important topics such as game theory; financial microeconomics; the new international economies of scale; economics of information; and market structure, efficiency, and regulation
*Features Internet site addresses for the most important topics in each chapter

Website A companion website is now available at www.oup.com/us/salvatore. This practical learning tool offers updated material, additional examples, and PowerPointR lecture slides for each textbook chapter

"synopsis" may belong to another edition of this title.

Product Description:

Fully revised and expanded in this fourth edition, Microeconomics: Theory and Applications presents all the standard topics of traditional microeconomic theory while offering a modern approach that reflects the many recent developments in the field. With its student-friendly writing style and clear presentation of graphs, this is an ideal text for undergraduate courses in intermediate microeconomics and business programs.
Unique Features
* Offers a balance of traditional microeconomic topics while addressing contemporary issues and concerns *
Introduces an important international dimension to microeconomics, reflecting the strong trend toward globalization in tastes, production, and distribution in today's world *
Presents an "At the Frontier" section in each chapter that highlights the most exciting recent examples of advanced theoretical developments in microeconomics
New and Expanded Treatment in the Fourth Edition
* Includes a new chapter, "Choice Under Uncertainty," which examines consumer choices, risk, and uncertainty *
Provides more than 130 new and updated real-world examples of how microeconomic theory can be used to analyze and possibly resolve important present-day economic problems *
Offers expanded treatment of important topics such as game theory, financial microeconomics, the new international economies of scale, economics of information, and market structure, efficiency, and regulation *
Features Internet site addresses for the most important topics in each chapter
Web Site
A companion web site is now available at www.oup.com/us/salvatore. New to this fourth edition, this practical learning tool offers updated material, additional examples, and PowerPoint lecture slides for each textbook chapter.

Product Description:

This work takes a modern approach to the subject by covering the most recent developments in the field, and also includes standard topics of traditional microeconomic theory. It introduces an international dimension to microeconomics to reflect the globalization of production and distribution in the modern world. In addition, the book puts theories to work by including three to five current, student-relevant examples in each chapter - 75 in all. It has also been updated to include the coverage of - the learning curve, new pricing practices, contestable markets, experimental economics, new advances in game theory, financial microeconomics and the theory of public choice.

"About this title" may belong to another edition of this title.

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