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Microeconomic Theory Basic Principles and Extensions 12th Edition by Walter Nicholson ISBN 9781305505797 1305505794

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ISBN 10: 1305505794
ISBN 13: 9781305505797
Author: Walter Nicholson

Microeconomic Theory: Basic Principles and Extensions

Now you can truly understand and apply the latest economic models as you work directly with theoretical tools, real-world applications, and the popular new behavioral economics in this reader-friendly, market-leading book. MICROECONOMIC THEORY: BASIC PRINCIPLES AND EXTENSIONS, 12E takes a calculus-based approach to provide the ideal level of mathematical rigor, whether you are an upper-level undergraduate or beginning graduate student. Insightful graphic presentations help you visually grasp the connections between the calculus and the algebraic and geometric approach to the same material. End-of-chapter problems present simple numerical/mathematical exercises, which strengthen your microeconomic intuition and are followed by more analytical, theoretical, behavioral, and complex problems. Unlike other more theoretical texts, MICROECONOMIC THEORY, 12E closely connects all theory to real applications in the world today.

Table of contents:

Part 1. Introduction

Chapter 1. Economic Models

Chapter 2. Mathematics for Microeconomics

Part 2. Choice and Demand

Chapter 3. Preferences and Utility

Chapter 4. Utility Maximization and Choice

Chapter 5. Income and Substitution Effects

Chapter 6. Demand Relationships among Goods

Part 3. Uncertainty and Strategy

Chapter 7. Uncertainty

Chapter 8. Game Theory

Part 4. Production and Supply

Chapter 9. Production Functions

Chapter 10. Cost Functions

Chapter 11. Profit Maximization

Part 5. Competitive Markets

Chapter 12. The Partial Equilibrium Competitive Model

Chapter 13. General Equilibrium and Welfare

Part 6. Market Power

Chapter 14. Monopoly

Chapter 15. Imperfect Competition

Part 7. Pricing in Input Markets

Chapter 16. Labor Markets

Chapter 17. Capital and Time

Part 8. Market Failure

Chapter 18. Asymmetric Informatio

Chapter 19. Externalities and Public Goods

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