For courses in microeconomics.
Significantly revised and updated with new real-world examples, exercises, and applications, this edition remains the premiere microeconomics text to marry formal theory with robust, thoroughly analysed real-world problems.
Intended as an intermediate microeconomics text, Perloff introduces economic theory through a combination of calculus, algebra, and graphs. The text integrates estimated, real-world problems and applications, using a step-by-step approach to demonstrate how microeconomic theory can be applied to solve practical problems and policy issues. Compared to other similar texts, the author also places greater emphasis on using contemporary theories-such as game theory and contract theory-to analyse markets.
Introduction
Supply and Demand
Applying the Supply-and-Demand Model
Consumer Choice
Applying Consumer Theory
Firms and Production
Costs
Competitive Firms and Markets
Applying the Competitive Model
General Equilibrium and Economic Welfare
Monopoly
Pricing and Advertising
Oligopoly and Monopolistic Competition
Game Theory
Factor Markets
Interest Rates, Investments, and Capital Markets
Uncertainty
Externalities, Open-Access, and Public Goods
Asymmetric Information
Contracts and Moral Hazards
Appendixes Answers to Selected Questions and Problems Sources for Challenges and Applications References Definitions Index Credits
