Microeconomics
Description
Goolsbee, Levitt, and Syverson's text helps answer two critical questions students ask, "Do people and firms really act as theory suggests" and "How can someone use microeconomics in a practical way?"
The authors teach in economics departments and business schools and are active empirical microeconomics researchers. Their grounding in different areas of empirical research allows them to present the evidence developed in the last 20 years that has tested and refined the fundamental theories. Their teaching and professional experiences are reflected in an outstanding presentation of theories and applications. Now with ACHIEVE, the text has carefully crafted features and vivid examples.
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Content
Part I
Chapter 1 Adventures in Microeconomics
Chapter 2 Supply and Demand
Appendix 2A (Achieve only) The Calculus of Equilibrium and Elasticities
Chapter 3 Using Supply and Demand to Analyze markets
Appendix 3A (Achieve only) The Calculus of Consumer and Producer Surplus
Part II
Chapter 4 Consumer Behavior
Appendix 4A The Calculus of Utility Maximization and Expenditure Minimization
Appendix 4B (Achieve only) The Mathematics of Utility Functions
Chapter 5 Individual and Market Demand
Appendix 5A The Calculus of Utility Maximization and Expenditure Minimization
Appendix 5B (Achieve only) The Calculus of Demand
Chapter 6 Producer Behavior
Appendix 6A The Calculus of Cost Minimization
Appendix 6B (Achieve only) The Calculus of Production Functions
Chapter 7 Costs
Appendix 7A The Calculus of a Firms Cost Structure
Appendix 7B (Achieve only) The Calculus of a Firms Cost Structure Expanded
Part III
Chapter 8 Supply in a Competitive Market
Appendix 8A (Achieve only) The Calculus of Long-Run Competitive Equilibria
Chapter 9 Market Power and Monopoly
Appendix 9A The Calculus of Profit Maximization
Chapter 10 Pricing Strategies for Firms with Market Power
Appendix 10A (Achieve only) The Calculus of Price Strategies
Chapter 11 Imperfect Competition
Appendix 11A (Achieve only) The Calculus of Cournot and Differentiated Bertrand Competition Equilibrium
Chapter 12 Game Theory
Appendix 12A (Achieve only) The Mathematics of Mixed Strategies in Game Theory
Chapter 13 Factor Markets
Part IV
Chapter 14 Investment, Time, and Insurance
Chapter 15 General Equilibrium
Chapter 16 Asymmetric Information
Chapter 17 Externalities
Chapter 18 Behavioral and Experimental Economics
Backmatter
Math Review Appendix
Solutions to Review Questions
Solutions to Select End-of-Chapter Problems
Glossary