For courses in microeconomics.
Significantly revised and updated with new real-world examples, exercises, and applications, this edition remains the premiere microeconomics text to marry formal theory with robust, thoroughly analysed real-world problems.
Intended as an intermediate microeconomics text, Perloff introduces economic theory through a combination of calculus, algebra, and graphs. The text integrates estimated, real-world problems and applications, using a step-by-step approach to demonstrate how microeconomic theory can be applied to solve practical problems and policy issues. Compared to other similar texts, the author also places greater emphasis on using contemporary theories–such as game theory and contract theory–to analyse markets.
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Jeffrey M. Perloff is a professor in the Department of Agricultural and Resource Economics at the University of California at Berkeley. His economic research covers industrial organization, marketing, labor, trade and econometrics. He has been an editor of 'Industrial Relations' and the 'Journal of Industrial Organization Education,' and an associate editor of the 'American Journal of Agricultural Economics' and the 'Journal of Productivity Analysis.' Perloff has consulted with non-profit organizations and government agencies and is a fellow of the American Agricultural Economics Association. He was previously an assistant professor in the Department of Economics at the University of Pennsylvania.
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