Discover an exceptionally clear, concise introduction to microeconomics using an approach that avoids high-level mathematics but still offers meaningful practice with Nicholson/Snyder's INTERMEDIATE MICROECONOMICS AND ITS APPLICATION, 13E. These prestigious authors present the economics of markets using a managerial focus and a variety of approaches, including intuitive illustrations, graphical presentations and some simple algebra. A wealth of relevant applications and current examples demonstrate microeconomics at work in a variety of settings. In addition, updated step-by-step video problems and engaging activities allow you to learn by doing. This edition's full-color revisions explain the latest developments and events, including the economic impact of the COVID pandemic. New MindTap online resources are also available to further strengthen your mastery of microeconomic concepts.
Part I: INTRODUCTION. 1. Economic Models. 2. Mathematics Used in Microeconomics. Part II: DEMAND. 3. Utility and Choice. 4. Demand Curves. Part III: UNCERTAINTY AND STRATEGY. 5. Uncertainty. 6. Game Theory. Part IV: PRODUCTION, COSTS, AND SUPPLY. 7. Production. 8. Costs. 9. Profit Maximization and Supply. Part V: PERFECT COMPETITION. 10. Perfect Competition in a Single Market. 11. General Equilibrium and Welfare. Part VI: MARKET POWER. 12. Monopoly. 13. Imperfect Competition. Part VII: INPUT MARKETS. 14. Pricing in Input Markets. Appendix: Labor Supply. 15. Capital and Time. Appendix: Compound Interest. Part VIII: MARKET FAILURES. 16. Asymmetric Information. 17. Externalities and Public Goods. 18. Behavioral Economics.
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