Microeconomic Theory: Basic Principles and Extensions

Abstract

The 11th edition of Microeconomic Theory: Basic Principles and Extensions continues a successful collaboration between the authors starting with the 10th edition. This edition represents a significant effort to continue refining and modernizing our treatment of microeconomics. Despite the significant changes appearing in virtually every chapter, the text retains all of the elements that have made it successful for so many editions. The basic approach is to focus on building intuition about economic models while providing students with the mathematical tools needed to go further in their studies. The text also seeks to facilitate that linkage by providing many numerical examples, advanced problems, and extended discussions of empirical implementation—all of which are intended to show students how microeconomic theory is used today. New developments continue to keep the field exciting, and we hope this edition manages to capture that excitement.