Microeconomics: Theory and Application

Details: This fully-revised text provides robust coverage of intermediate microeconomics within a global context. Building on the success of previous editions, the text presents a judicious blend of all the standard topics of traditional microeconomic theory and the many exciting recent developments in the field. It includes new material on risk analysis, economics of information, game theory, market structure, efficiency and regulation, and financial microeconomics. In addition, the text brings more realism to the study of microeconomics by including numerous examples of how theory can be used to analyze and yield possible solutions to present-day problems.