Introduction to Microeconomics

Revised and updated to account for recent theoretical developments in industrial organisation and public choice theory, this is a complete textbook for intermediate microeconomics courses. The mathematical development of results lends vigour to its traditional strength: verbal and geometric presentation of key concepts. The clarity and brevity of exposition that made the book popular have been retained.
This edition features topics now covered in greater detail on microeconomics syllabi. It provides increased coverage of industrial organisation and information economics and a substantially extended treatment of General Equilibrium and Welfare that covers externalities and public goods. A new final section deals with public choice analysis.
New to this edition are pedagogic devices that assist student learning: chapter previews and chapter summaries reinforce comprehension of the theoretical points; questions at the end of parts have been updated and allow self-testing of understanding.
The text will remain core reading for students of intermediate microeconomics and is also suitable for courses in industrial organisation, business economics, and managerial economics.