1. Balanced Coverage of both Traditional and Modern Theories: Core microeconomic theoriesconsumer theory, theory of the firm, and perfect competitionare covered thoroughly in the first half of the book, followed by a fully uptodate, authoritative treatment of modern theoriessuch as game theory,strategies, uncertainty, and moral hazard.
2. Realworld Examples and Applications: Hundreds of examples and applications use real people, real companies, and real data to illustrate microeconomic theory. Providing valuable practical perspective, abundant examples and applications showcase the versatility of modern microeconomics.
3. Keep Your Course Current and Relevant: New examples, exercises, and statistics appear throughout the text.