Book description
For courses in microeconomics.
Exploring Microeconomics: Formal Theory and Practical Problems
Significantly revised and updated with new realworld 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 realworld problems.
Intended as an intermediate microeconomics text, Perloff introduces economic theory through a combination of calculus, algebra, and graphs. The text integrates estimated, realworld problems and applications, using a stepbystep 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 MyEconLab®
MyEconLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.
NOTE:You are purchasing a standalone product; MyEconLab does not come packaged with this content.
If you would like to purchase both the physical text and MyEconLab search for:
0134483367 / 9780134483368 Theory and Applications with Calculus Plus MyEconLab with Pearson eText  Access Card Package, 4/e
Package consists of:
 0134153928 / 9780134153926 MyEconLab with Pearson eText  Access Card  for Microeconomics: Theory and Applications with Calculus
 0134167384 / 9780134167381 Microeconomics: Theory and Applications with Calculus
Table of contents
 Microeconomics Theory and Applications with Calculus
 Microeconomics Theory and Applications with Calculus
 Brief Contents
 Contents
 Preface
 1 Introduction
 2 Supply and Demand

3 A Consumer’s Constrained Choice
 3.1 Preferences
 3.2 Utility
 3.3 Budget Constraint
 3.4 Constrained Consumer Choice
 3.5 Behavioral Economics
 Summary
 Exercises
 4 Demand
 5 Consumer Welfare and Policy Analysis

6 Firms and Production
 6.1 The Ownership and Management of Firms
 6.2 Production
 6.3 ShortRun Production: One Variable and One Fixed Input
 6.4 LongRun Production: Two Variable Inputs
 6.5 Returns to Scale
 6.6 Productivity and Technical Change
 Summary
 Exercises

7 Costs
 7.1 Measuring Costs
 7.2 ShortRun Costs
 7.3 LongRun Costs
 7.4 Lower Costs in the Long Run
 7.5 Cost of Producing Multiple Goods
 Summary
 Exercises

8 Competitive Firms and Markets
 In this chapter, we examine four main topics
 8.1 Perfect Competition
 8.2 Profit Maximization
 8.3 Competition in the Short Run
 8.4 Competition in the Long Run
 Summary
 Exercises

9 Properties and Applications of the Competitive Model
 In this chapter, we examine six main topics
 9.1 Zero Profit for Competitive Firms in the Long Run
 9.2 Producer Surplus
 9.3 Competition Maximizes Welfare
 9.4 Policies That Shift Supply Curves
 9.5 Policies That Create a Wedge Between Supply and Demand Curves
 9.6 Comparing Both Types of Policies: Trade
 Summary
 Exercises
 10 General Equilibrium and Economic Welfare

11 Monopoly and Monopsony
 In this chapter, we examine seven main topics
 11.1 Monopoly Profit Maximization
 11.2 Market Power and Welfare
 11.3 Taxes and Monopoly
 11.4 Causes of Monopolies
 11.5 Government Actions That Reduce Market Power
 11.6 Networks, Dynamics, and Behavioral Economics
 11.7 Monopsony
 Summary
 Exercises
 12 Pricing and Advertising
 13 Game Theory

14 Oligopoly and Monopolistic Competition
 14.1 Market Structures
 14.2 Cartels
 14.3 Cournot Oligopoly Model
 14.4 Stackelberg Oligopoly Model
 14.5 Bertrand Oligopoly Model
 14.6 Monopolistic Competition
 Summary
 Exercises

15 Factor Markets
 15.1 Factor Markets
 15.2 Capital Markets and Investing
 15.3 Exhaustible Resources
 Summary
 Exercises
 16 Uncertainty
 17 Property Rights, Externalities, Rivalry, and Exclusion
 18 Asymmetric Information
 19 Contracts and Moral Hazards
 Answers to Selected Exercises
 Definitions
 References
 Sources for Applications and Challenges
 Index
 Credits
Product information
 Title: Microeconomics: Theory and Applications with Calculus, 4e
 Author(s):
 Release date: March 2016
 Publisher(s): Pearson
 ISBN: 9780134167381
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