Now fully adapted for the Europe, Middle East & Africa market, Microeconomic Theory: Basic Principles and Extensions delivers cutting-edge treatment of microeconomics together with an ideal level of mathematical rigour. Aimed directly at upper level undergraduate students and graduate students, the book teaches users how to work directly with theoretical tools, real-world applications, and the latest developments within the study of microeconomics.

It provides clear and accurate coverage of advanced microeconomic concepts and illustrates how the theory applies to practical situations. In addition, the text’s helps to build student intuition by including a new two-tier end-of-chapter problem that begins with simple numerical/mathematical exercises followed by more analytical, theoretical, and complex problems.

PART 1: INTRODUCTION.
1. Economic Models.
2. Mathematics for Microeconomics.
PART 2: CHOICE AND DEMAND.
3. Preferences and Utility.
4. Utility Maximization and Choice.
5. Income and Substitution Effects.
6. Demand Relationships among Goods.
PART 3: UNCERTAINTY AND STRATEGY.
7. Uncertainty.
8. Game Theory.
PART 4: PRODUCTION AND SUPPLY.
9. Production and Cost Functions
10. Profit Maximization.
PART 5: COMPETITIVE MARKETS.
11. The Partial Equilibrium Competitive Model.
12. General Equilibrium and Welfare.
PART 6: MARKET POWER.
13. Monopoly
14. Imperfect Competition
PART 7: PRICING IN INPUT MARKETS
15. Labour Markets, Capital and Time
PART 8: MARKET FAILURE
16. Asymmetric Information
17. Externalities and Public Goods

Now fully adapted for the Europe, Middle East & Africa market, Microeconomic Theory: Basic Principles and Extensions delivers cutting-edge treatment of microeconomics together with an ideal level of mathematical rigour. Aimed directly at upper level undergraduate students and graduate students, the book teaches users how to work directly with theoretical tools, real-world applications, and the latest developments within the study of microeconomics. It provides clear and accurate coverage of advanced microeconomic concepts and illustrates how the theory applies to practical situations. In addition, the text’s helps to build student intuition by including a new two-tier end-of-chapter problem that begins with simple numerical/mathematical exercises followed by more analytical, theoretical, and complex problems. Adaptations include good use of international examples, spelling, currencies, and metric units rather than imperial units of measure. Changes and developments to the end of chapter Problems and Analytical Problems further enhance user-friendliness and pedagogical relevance. Student-friendly presentation combining the expected calculus derivations used in advanced microeconomics with insightful graphical presentations. Visual learners are shown the connections between the calculus and the algebra/geometry of the same material enabling them to take the step up to the more rigorous material. Thorough summaries, examples and plentiful figures also help strengthen student understanding.