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The authoring team of Robert Pindyck and Daniel Rubinfeld provide the most current information within the pages of their text Microeconomics (7th Edition), ISBN 9780132080231. A clear writing style is combined with visually appealing graphs as well as relatable examples to help economists and strategists stay current within the ever-changing realm of...
The authoring team of Robert Pindyck and Daniel Rubinfeld provide the most current information within the pages of their text Microeconomics (7th Edition), ISBN 9780132080231. A clear writing style is combined with visually appealing graphs as well as relatable examples to help economists and strategists stay current within the ever-changing realm of economics. This text boasts a comprehensive coverage of the most cutting edge topics including game theory, economics of information, as well as behavioral economics. Included within the pages are several extended examples also covering a myriad of economic concepts including the analysis of demand, cost, and market efficiency, the design of pricing strategies, investment and production decisions, as well as public policy analysis. Robert Pindyck and Daniel Rubinfeld strategically organize the concepts within the pages of Microeconomics (7th Edition) across four sections comprised of 18 chapters. Part I entitled 'Introduction: Markets and Prices' includes chapters devoted to preliminaries and the basics of supply and demand. Part II, 'Procedures, Consumers, and Competitive Markets' takes a look at consumer behavior, individual and market demand, uncertainty and consumer behavior, production, the cost of productions, as well as profit maximization and competitive supply and the analysis of competitive markets. Part III delves into 'Market Structure and Competitive Strategy' with chapters investigating monopoly and monopsony, pricing with market power, monopolistic competition and oligopoly, game theory and competitive strategy, markets for factor inputs, as well as investment, time, and capital markets. Finally, the book concludes with part IV entitled 'Information, Market Failure, and the Role of Government.' These closing chapters take a look at general equilibrium and economic efficiency, markets with asymmetric information, and externalities and public goods.
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