Microeconomics

'Microeconomics, European Edition' offers comprehensive coverage of microeconomic theory, explaining how this is used to analyse and evaluate contemporary market systems. This European edition has been adapted from the well-established US text, to provide a thoroughly European approach to the subject. The book draws on relevant real world examples to highlight how theory can help to solve or understand a range of problems and is a central basis for thinking like an economist.Its key features include: Chapter Introductions outline the main themes of the chapter and set the scene for further discussion; modern topics such as game theory and asymmetric information, which are given the same careful treatment as traditional issues; up-to-date European examples provided throughout the text draw on a variety of contexts including housing, education, industry and agriculture; Chapter Summary briefly reinforces the main topics covered in each chapter to ensure a solid understanding of key issues; Discussion Questions encourage students to apply the knowledge acquired from each chapter to specific situations; Progress Checks included within each chapter test students' knowledge as they learn; and Answers to the Progress Checks are supplied at the end of the book.

Chapter 1: The Market Economy Part One: The Household Chapter 2: Consumer Choice Chapter 3: Comparative Statics and Demand Chapter 4: Price Changes and Consumer Welfare Chapter 5: The Household as Supplier Chapter 6: Choice under Uncertainty Part Two: The firm Chapter 7: The Firm and It's Goals Chapter 8: Technology and Production Chapter 9: Cost Part Three: The Competitive Model Chapter 10: The Price-Taking Firm Chapter 11: Equilibrium in Competitive Markets Chapter 12: General Equilibrium and Welfare Economics Part Four:Market Power Chapter 13: Monopoly Chapter 14: More on Price-Making Firms Chapter 15: Oligopoly and Strategic Behaviour Chapter 16: Game Theory Part Five: Missing Markets Chapter 17: Asymmetric Information Chapter 18: Externalities and Public Goods