Microeconomic Theory and Applications

Microeconomics and market analysis the theory of consumer choice individual and market demand using consumer choice theory exchange, efficiency and prices production the costs of production profit maximization and the competitive firm the competitive industry using the competitive model monopoly monpolistic competition and oligopoly game theory and the economics of information using noncompetitive market models employment and pricing of inputs wagers, rent, interest and profit using input market analysis general market equilibrium analysis welfare economics public goods and externalities.