This new edition builds a comprehensive picture of the microeconomic tools required to solve a wide range of problems by using an innovative combination of written, illustrative and mathematical analysis. It helps the reader to think like an economist - in particular demonstrating how individuals, firms and policy-makers decide their best course of action.
Chapter I Introduction
Part 1THE THEORY OF CONSUMER BEHAVIOUR
Chapter 2 The basic theory of consumer choice
Chapter3 Money income and real income
Chapter 4 Utility
Part II Consumer Theory: Further Topics
Chapter 5 Intertemporal choice
Chapter 6 Choice in the face of risk
Chapter 7 Decision Making: further analysis
Part III Production and Costs
Chapter 8 Production
Chapter 9 Costs
Chapter 10 Production functions, cost functions, and the demand for factors of production
Part IV Basic Theory of the Firm
Chapter 11 Perfect competition
Chapter 12 Monopoly
Chapter 13 Product differentiation and monopolistic competition
Part V Oligopoly and Strategic Interaction
Chapter 14 Imperfect Competition - an introduction
Chapter 15 Oligopoly and strategic interaction
Chapter 16 Game theory
Chapter 17 Game Theory II
Part VI Factor Markets
Chapter 18 Factor demand
Chapter 19 Factor supply
Chapter 20 Labour markets - trade unions and bargaining
Part VII General Equilibrium and Welfare
Chapter 21 The exchange economy
Chapter 22 General equilibrium with production
Chapter 23 Welfare economics
Part VIII Missing Markets
Chapter 24 Externalities, public goods and Taxes
Chapter 25 Economics of information
Chapter 26 Public choice
