• ISBN-10 ‏ : ‎ 9781292215624
• ISBN-13 ‏ : ‎ 978-1292215624
• Author: Jeffrey M. Perloff (Author)

For courses in microeconomics. Exploring Microeconomics: Formal Theory and Practical Problems Significantly revised and updated with new real-world examples, exercises, and applications, this Fourth Edition of Microeconomics: Theory and Applications with Calculus remains the premiere microeconomics text to marry formal theory with robust, thoroughly analyzed 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 analyze markets. Also available with Pearson MyLab Economics (R) Pearson MyLab Economics is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results.

Table contents:

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

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