Summary

Microeconomics is often the first exposure that students have to economic study. It is vital, therefore, that microeconomics is presented from the beginning in an uncluttered and lucid fashion that does not create misunderstandings. The text is based on the defining economic fundamentals of scarcity, choice and economic interaction, seamlessly constructing models that teach students to think like an economist. Microeconomics is written in the clear, accessible language that has made Professor Taylor one of the world's leading teachers of economics. The text has been designed to allows for different approaches to syllabus construction and is suitable for introductory economics courses in undergraduate and postgraduate studies. A companion volume Macroeconomics is available.