Economics

Microeconomics with Calculus integrates the graphical and mathematical development of basic microeconomic theory and stresses the relationships between the two approaches. Numerous numerical, mathematical, and graphical examples relating to real-world economic decisions and policy issues appear throughout, providing a meaningful context for microeconomic students.

• NEW - <F75BS>NEW! Elasticity is now covered in a separate chapter. Pg.___

• NEW - <F75BS>NEW! Updated and reorganized, the Second Edition covers key micro topics of optimization, the market economy, consumer preference and demand theory, and demand elasticity. Pg.___

• NEW - <F75BS>NEW! Chapters 6-9 have been reorganized to improve clarity. For example, consumer demand theory and market demand functions are now covered in the same place—Chapter 6. Pg.___

• Designed for upper-level undergraduates and graduate students who need a bridge to more abstract courses, this book demonstrates how calculus is used to understand fundamental micro concepts. Pg.___

• Using actual economic decisions and policy issues as examples, the Second Edition provides students with real-world applications of key concepts. Pg.___

• Single and multi-variable calculus are used to help students understand fundamental mathematical principles as they relate to familiar economic concepts. Pg.___

• In keeping with the authors’ backgrounds, many examples are drawn from research in experimental economics. Pg.___

 1. Basic Mathematical Concepts.


 2. Unconstrained Maximization and Minimization.


 3. Constrained Optimization.


 4. Introduction to Economic Theory and the Market Economy.


 5. Consumer Preference Theory.


 6. Introduction to Individual Consumer and Market Demand Theory.


 7. Elasticity of Individual and Market Demand Functions.


 8. Compensated Demand Functions and Income and Substitution Effects.


 9. Efficiency and Trade: An Application of Consumer Demand Theory.


10. Production Theory.


11. Cost Functions.


12. Profit Maximization by a Competitive Firm: Supply of Goods and Demand for Inputs.


13. Competitive Market Supply, Market Equilibrium, and Comparative Statics.


14. Production Efficiency and General Equilibrium of Competitive Markets.


15. Monopoly.


16. Oligopoly and Imperfect Competition.


17. Time Allocation, Labor Supply, and Labor Markets.


18. Intertemporal Decisions and Competitive Capital Markets.


19. Uncertainty: The Basics.


20. Applications of Uncertainty Models.


21. Externalities, Public Goods, and Public Decision Making.

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