Microeconomics – R. Pindyck, D. Rubinfeld – 7th Edition


This is well known for its coverage of modern topics (Game theory, Economics of Information, and Behavioral Economics), clarity of its style and graphs, and integrated use of real world examples.

The emphasis on relevance and application to both and public-policy decision-making are focused goals of the book. This emphasis is accomplished by including MANY extended examples that cover such topics as the analysis of demand, cost, and market efficiency; the of pricing strategies; investment and production decisions; and public policy analysis.

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  • <strong>Part I. Introduction: Markets and Prices</strong>
    <b> 1.</b> Preliminaries
    <b> 2.</b> The Basics of Supply and Demand

    <strong>Part II. Producers, Consumers, and Competitive Markets</strong>
    <b> 3.</b> Consumer Behavior
    <b> 4.</b> Individual and Market Demand
    <b> 5.</b> Uncertainty and Consumer Behavior
    <b> 6.</b> Production
    <b> 7.</b> The Cost of Production
    <b> 8.</b> Profit Maximization and Competitive Supply
    <b> 9.</b> The Analysis of Competitive Markets

    <strong>Part III. Market Structure and Competitive Strategy</strong>
    <b> 10.</b> Market Power: Monopoly and Monopsony
    <b> 11.</b> Pricing with Market Power
    <b> 12.</b> Monopolistic Competition and Oligopoly
    <b> 13.</b> Game Theory and Competitive Strategy
    <b> 14.</b> Markets for Factor Inputs
    <b> 15.</b> Investment, Time, and Capital Markets

    <strong>Part IV. Information, Market Failure, and the Role of Government</strong>
    <b> 16.</b> General Equilibrium and Economic Efficiency
    <b> 17.</b> Markets with Asymmetric Information
    <b> 18.</b> Externalities and Public Goods
    Appendix: The Basics of Regression
    Answers to Selected Exercises
    Photo Credits
  • Citation

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