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 , 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 of demand, , and market efficiency; the of pricing strategies; investment and production decisions; and public policy analysis.

Table of Contents

<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
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