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Intermediate Microeconomics and Its Application 12th Edition

Walter Nicholson | Christopher Snyder

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  • ISBN-10: 1285858670
  • ISBN-13: 9781285858678
  • Bookstore Wholesale Price $130.00
  • RETAIL $130.00

Overview

The 12th edition of INTERMEDIATE MICROECONOMICS AND ITS APPLICATION, by Walter Nicholson of Amherst College and Christopher Snyder of Dartmouth College, provides an exceptionally clear and concise introduction to the economics of markets, providing a managerial focus and using an algebraic approach. The authors have provided a complete range of highly relevant applications and appealing current examples, filling this edition with strong examples, step-by-step video problems, and activities that engage students' interest and encourage them to learn by doing.

Walter Nicholson, Amherst College

Dr. Walter Nicholson is the Ward H. Patton Emeritus Professor of Economics at Amherst College and a visiting professor at Ave Maria University, Naples, Florida. Throughout his teaching career, Dr. Nicholson has sought to develop in students an appreciation for the value of economic models in the study of important social questions. He also has enjoyed showing students some of the stranger things that economists have sought to model. Dr. Nicholson received his Ph.D. in economics from MIT. Most of his research is in the area of labor economics, especially policy questions related to unemployment. He lives in Naples, Florida and Montague, Massachusetts, where he and his wife enjoy the frequent visits of their eight grandchildren.

Christopher Snyder, Dartmouth College

Dr. Christopher Snyder is the Joel Z. and Susan Hyatt Professor of Economics at Dartmouth College, where he pursues research and teaching interests in microeconomic theory, industrial organization, and law and economics. He is a research associate in the National Bureau of Economic Research, serves on the board of the Industrial Organization Society, and is an associate editor of the Review of Industrial Organization. Snyder received his Ph.D. from MIT. His recent research has appeared in leading economics journals, including the Review of Economics and Statistics and Quarterly Journal of Economics. He lives in Hanover, New Hampshire, with his wife, who also teaches economics at Dartmouth, and three daughters.

Developed by teachers, Aplia assignments connect concepts to the real world and focus on the unique course challenges facing students. In the last 15 years, more than two billion answers have been submitted through Aplia, representing millions of students who have come to class more engaged and better prepared.

Aplia™ significantly improves outcomes and promotes critical thinking by increasing student effort and engagement.
  • The text contains chapters on new and emerging topics in economics, including the study of asymmetric information and behavioral economics.
  • A full complement of pedagogical features enhances student learning, including a running glossary, review questions, chapter summaries, numerical examples of major concepts, warnings about common errors, and solutions to odd-numbered problems in CourseMate.
  • MicroQuizzes within the chapters reinforce learning of key concepts.
  • The text contains more than 100 up-to-date applications that show how microeconomics is used in a variety of settings. Each application contains either questions that ask students to give more thought to the material or a summary of the policy challenges presented.
  • The text does not require calculus; most concepts are illustrated graphically as well as with simple algebra.

Intermediate Microeconomics and Its Application

TABLE OF CONTENTS

Part I: INTRODUCTION.
1. Economic Models.
Appendix: Mathematics Used in Microeconomics.
Part II: DEMAND.
2. Utility and Choice.
3. Demand Curves.
Part III: UNCERTAINTY AND STRATEGY.
4. Uncertainty.
5. Game Theory.
Part IV: PRODUCTION, COSTS, AND SUPPLY.
6. Production.
7. Costs.
8. Profit Maximization and Supply.
Part V: PERFECT COMPETITION.
9. Perfect Competition in a Single Market.
10. General Equilibrium and Welfare.
Part VI: MARKET POWER.
11. Monopoly.
12. Imperfect Competition.
Part VII: INPUT MARKETS.
13. Pricing in Input Markets.
Appendix: Labor Supply.
14. Capital and Time.
Appendix: Compound Interest.
Part VIII: MARKET FAILURES.
15. Asymmetric Information.
16. Externalities and Public Goods.
17. Behavioral Economics.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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