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Microeconomics: Theory and Applications, 12th Edition


Microeconomics: Theory & Applications, 12th Edition provides students with the fundamental tools of analysis and shows how these tools can be used to explain and predict phenomena. Written for both economics and business students, Edgar Browning and Mark Zupan present basic microeconomic principles in a clear and thorough way, using numerous applications to illustrate the use of theory and reinforce students' understanding.

Chapter 1 An Introduction to Microeconomics

Chapter 2 Supply and Demand

Chapter 3 The Theory of Consumer Choice

Chapter 4 Individual and Market Demand

Chapter 5 Using Consumer Choice Theory

Chapter 6 Exchange, Efficiency, and Prices

Chapter 7 Production

Chapter 8 The Cost of Production

Chapter 9 Profit Maximization in Perfectly Competitive Markets

Chapter 10 Using the Competitive Model

Chapter 11 Monopoly

Chapter 12 Product Pricing with Monopoly Power

Chapter 13 Monopolistic Competition and Oligopoly

Chapter 14 Game Theory and the Economics of Information

Chapter 15 Using Noncompetitive Market Models

Chapter 16 Employment and Pricing of Inputs

Chapter 17 Wages, Rent, Interest, and Profit

Chapter 18 Using Input Market Analysis

Chapter 19 General Equilibrium Analysis and Economic Efficiency

Chapter 20 Public Goods and Externalities