Title:
Microeconomic theory : basic principles & extensions
Author:
Nicholson, Walter, author.
ISBN:
9780357929384
Personal Author:
Edition:
Thirteenth edition.
Physical Description:
xviii, 734 pages : illustrations (chiefly color) ; 26 cm
General Note:
"Previous edition(s): © 2023, © 2017, © 2012"--Title page verso.
Contents:
Introduction: Economic models ; Mathematics for microeconomics -- Choice and demand: Preferences and utility ; Utility maximization and choice ; Income and substitution effects ; Demand relationships among goods -- Uncertainty and strategy: Uncertainty ; Game theory -- Production and supply: Production functions ; Cost functions ; Profit maximization -- Competitive markets: The partial equilibrium competitive model ; General equilibrium and welfare -- Market power: Monopoly ; Imperfect competition -- Pricing in input markets: Labor markets ; Capital and time -- Market failure: Asymmetric information ; Externalities ; Public goods and public choice -- Brief answers to queries ; Solutions to odd-numbered problems ; Glossary of frequently used terms ; Index.
Abstract:
"Welcome to the 13th edition of Microeconomic Theory: Basic Principles and Extensions. This edition continues our efforts to provide students with an up-to-date treatment of microeconomic theory in a rigorous, but accessible way. Despite the changes incorporated into this edition and its many ancestors, the basic approach remains the same: to focus on building intuition about various economic models and to provide enough mathematics so that students can easily transition to reading the formal literature. Features in the text that enhance this goal include numerical examples, advanced problems, and some discussion of empirical implementation. Recent developments in theory such as behavioral economics and the measurement of adverse selection and moral hazard are included to illustrate for students that microeconomics is an exciting field, constantly evolving in new and interesting ways."--Preface, page [xvi].
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