Understanding how we behave as we exchange resources in different markets, considering supply and demand and benefits and costs, is the very substance of microeconomics.
Intermediate Microeconomics applies economic principles to the behaviour of people, business and organisations. Comprehensive and clear, with real life applications and supporting online student essays, its innovative problem-solving approach is designed to actively engage students in the subject. It introduces economic theory and analytical techniques together, helping students to understand how to make and evaluate economics arguments.
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This book introduces a wide variety of rich and complex theories of microeconomics, with many useful tools designed to assist student learning. These include help with mathematical notation, clearly articulated explanations of core concepts and numerous problem sets to help build on the material introduced in each section. I recommend this as a valuable resource for all students learning about microeconomics at an intermediate level.- Joe Cox, Portsmouth University, UK
The textbook is a very valuable addition to the existing ones. It combines basic concepts, lots of examples, and applications with mathematical rigor and exercises in a very effective way.- Martin Kocher, University of Munich, Germany