ABSTRACT

This is the first intermediate microeconomics textbook to offer both a theoretical and real-world grounding in the subject. Relying on simple algebraic equations, and developed over years of classroom testing, it covers factually oriented models in addition to the neoclassical paradigm, and goes beyond theoretical analysis to consider practical realities.

chapter 1|22 pages

Some Economic Perspectives

chapter 2|32 pages

Fundamentals of Supply and Demand

chapter 3|28 pages

Equilibrium and Its Attainment

chapter 4|36 pages

Models of Consumer Behavior

chapter 6|31 pages

Cost Functions

chapter 8|31 pages

Monopoly

chapter 9|28 pages

The Firm

chapter 10|32 pages

Imperfect Competition and Oligopoly

chapter 12|45 pages

The Labor Market: Supply and Demand

chapter 13|35 pages

Employment, Unemployment, and the Real Wage

chapter 4|29 pages

teen: The Market for Capital Goods

chapter 15|35 pages

Market Failures