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Microeconomics: Theory and Applications, 12th Edition

Edgar K. Browning, Mark A. Zupan

ISBN: 978-1-118-75887-8 October 2014 576 Pages


Microeconomics: Theory & Applications, 12th Edition provides students with the fundamental tools of analysis and shows how these tools can be used to explain and predict phenomena. Written for both economics and business students, Edgar Browning and Mark Zupan present basic microeconomic principles in a clear and thorough way, using numerous applications to illustrate the use of theory and reinforce students' understanding.

Related Resources

Chapter 1 An Introduction to Microeconomics

Chapter 2 Supply and Demand

Chapter 3 The Theory of Consumer Choice

Chapter 4 Individual and Market Demand

Chapter 5 Using Consumer Choice Theory

Chapter 6 Exchange, Efficiency, and Prices

Chapter 7 Production

Chapter 8 The Cost of Production

Chapter 9 Profit Maximization in Perfectly Competitive Markets

Chapter 10 Using the Competitive Model

Chapter 11 Monopoly

Chapter 12 Product Pricing with Monopoly Power

Chapter 13 Monopolistic Competition and Oligopoly

Chapter 14 Game Theory and the Economics of Information

Chapter 15 Using Noncompetitive Market Models

Chapter 16 Employment and Pricing of Inputs

Chapter 17 Wages, Rent, Interest, and Profit

Chapter 18 Using Input Market Analysis

Chapter 19 General Equilibrium Analysis and Economic Efficiency

Chapter 20 Public Goods and Externalities

  • The Wiley E-Text is available for this text. It gives students anytime, anywhere access to course content and takes learning from traditional to cutting edge by integrating inline interactive multimedia with market-leading content.  The Wiley E-Text brings textbook pages to life with dynamic content such as clickable images, interactive tables and graphs, audio-enhanced graphics, embedded practice quizzes and more.
  • Additional Applications – As many as 20 new, detailed applications have been added to this edition – applications tie into current trends and topics in the business world.
  • Applications Address New Topical Issues including the growth of premium fast food options such as Chipotle, the differing fortunes of college athletes and coaches, why holiday home prices are soaring in Switzerland, and monopolistic competition in the refractive eye surgery marketplace.
  • Greater Emphasis on Mathematics - Optional mathematical sections have now been integrated into chapter content for a greater emphasis.
  • Provides students with current real-world applications that relate complicated economics concepts to their everyday life.
  • Devotes four chapters exclusively to presenting longer applications of microeconomic theory at work.  There are an additional 100 shorter applications through the other chapters
  • Focuses on input market analysis
  • Clarity of exposition and focus on the essentials while delivering thoroughness in the coverage of key topics