Microeconomic Theory: Basic Principles and Extensions : 12th Edition

Microeconomic Theory: Basic Principles and Extensions : 12th Edition
ISBN: 9781305505797
Publication Date: 15 September 2016

Present today's most cutting-edge treatment of microeconomics with the proven market leader - Microeconomic Theory: Basic Principles and Extensions. Now even better, this 12th edition offers a level of mathematical rigor ideal for upper-level undergraduate or beginning graduate students. This edition provides clear, accurate coverage of advanced microeconomic concepts while illustrating how theory applies to practical situations Readers work with theoretical tools, real-world applications, new behavioral economics problems, and the latest developments in microeconomics.

The book's unique presentation even helps build student intuition with highly-acclaimed, two-tier end-of-chapter problems that begin with simple numerical/mathematical exercises followed by more analytical, theoretical, complex, and behavioral economics problems. Key figures from the book now appear as interactive Progression Graphs in the all-new online MindTap for Microeconomic Theory.

New to this Edition

• EXPANDED COVERAGE OF COMPARATIVE STATICS WITH NEW COVERAGE OF REQUIRED MATHEMATICS BETTER PREPARES STUDENTS. The authors have now unified the treatment of comparative statics throughout this edition with extensively rewritten applications to market equilibrium in Chapter 12 and to monopoly in Chapter 14.
• STREAMLINED AND CLARIFIED NOTATIONS AND DEFINITIONS HELP ENSURE STUDENT COMPREHENSION. These valuable notes and definitions appear in virtually every chapter of this edition and make instruction easier by heading off potential sources of confusion.
• BEHAVIORAL ECONOMICS IS NOW EMPHASIZED THROUGHOUT. Readers find more coverage of this increasingly important area of economic study throughout this edition. In addition, all-new behavioral econom...