Test economic theory and then apply it. Microeconomics utilizes empirical research to help answer two critical questions often asked, “Do people and firms really act as theory suggests?” and “How can someone use microeconomics in a practical way?”
Table contents:
Chapter 1: Adventures in Microeconomics
Chapter 2: Supply and Demand
Chapter 3: Using Supply and Demand to Analyze Markets
Chapter 4: Consumer Behavior
Chapter 5: Individual and Market Demand
Chapter 6: Producer Behavior
Chapter 7: Costs
Chapter 8: Supply in a Competitive Market
Chapter 9: Market Power and Monopoly
Chapter 10: Market Power and Pricing Strategies
Chapter 11: Imperfect Competition
Chapter 12: Game Theory
New! Chapter 13: Factor Markets
Chapter 14: Investment, Time, and Insurance
Chapter 15: General Equilibrium
Chapter 16: Asymmetric Information
Chapter 17: Externalities and Public Goods
Chapter 18: Behavioral and Experimental Economics
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