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Intermediate Microeconomics and Its Applications provides a clear and concise introduction to the ways in which economists study the operations of markets. This well-known author's signature is to provide a text that is accessible to the students, but still enables them to learn the real thing." This text is appropriate for students who are taking a second level microeconomics course with an algebra focus.
PART I: Introduction 1. Economic Models PART II: Demand 2. Utility and Choices 3. Individual's Demand 4. Market Demand and Elasticity PART III: Production, Costs and Supply 5. Production 6. Cost 7. Profit Maximization and Supply PART IV: Models of Market Equilibrium 8. Perfect Competition 9. Applying the Competitive Model 10. Monopoly 11. Imperfect Competition 12. Strategy and Game Theory PART V: Further Topics 13. General Equilibrium 14. Pricing and Input Markets 15. Time and Interest Rates 16. Uncertainty and Information 17. Externalities and Public Goods