Publisher's Synopsis
This work takes a modern approach to the subject by covering the most recent developments in the field, and also includes standard topics of traditional microeconomic theory. It introduces an international dimension to microeconomics to reflect the globalization of production and distribution in the modern world. In addition, the book puts theories to work by including three to five current, student-relevant examples in each chapter - 75 in all. It has also been updated to include the coverage of - the learning curve, new pricing practices, contestable markets, experimental economics, new advances in game theory, financial microeconomics and the theory of public choice.
