Introduction -- Getting started with microeconomics -- Doing the best you can: consumer theory -- Uncovering the alchemy of firms' inputs and outputs -- Delving into markets, market failure, and welfare economics -- Thinking strategically: life is just a game! -- The part of tens.
The study of microeconomics isn't for the faint of heart, but the authors cut through the confusing jargon and provide real-life examples to help you understand the key elements. Whether you're studying for a class or putting it to real-world use, you'll learn what causes markets to fail; the consumers' role in the economy; and how game theory, auction theory, and the Nash Equilibrium come into play.