Microeconomics

The new 3rd edition of Microeconomics is designed for students who have not previously studies economics. It provides a clear explanation of basic microeconomic principles through analogies, real-world examples and user-friendly graphs and illustrations. Thoroughly updated, while retaining the economy of exposition and clarity of purpose that this text is renowned for, it makes extensive use of data and examples to illustrate principles and concepts under discussion. NEW TO THIS EDITION Tightening up of readability and exposition based on reviewers comments Removal of ambiguous and repetitive text General updating of content Expanded coverage of oligopolies and strategic behaviour All new interest boxes There are four types of interest boxes that have been integrated into the text so as not to distract the student from the core content while maintaining interest in the text: 1. Explanatory Power: explain puzzling and unusual economic phenomenon 2. Counterpoint: summarises an ongoing debate or covers seemingly contradictory situations 3. Economics at Work: real-world examples of economic forces and concepts at work in a business context4. Historical Perspectives: usually biographical in nature