Microeconomics

Microeconomics: Theory & Applications, 12th Edition provides students with the fundamental tools of analysis, and shows how these tools can be used to explain and predict phenomena. Written for both economics and business students, Edgar Browning and Mark Zupan present basic microeconomic principles in a clear and thorough way, using numerous applications to illustrate the use of theory, and reinforce students' understanding.

Professor Edgar Browning received his Ph.D. in 1971 from Princeton University. He joined the Department of Economics at Texas A&M University in 1984. His fields of interest are public finance, microeconomic theory, public choice, public policy analysis, applied microeconomics, labor economics.

Dean Zupan assumed his duties at the Simon School on a full-time basis on January 1, 2004. He is responsible for the administrative and academic functions of the Simon School, and serves as the leading advocate of the School's faculty, programs and students to the business community and other external constituencies. Zupan served as dean and professor of economics at the University of Arizona's Eller College of Management from 1997 to 2003. Among his accomplishments at Eller were highly successful fundraising efforts, a record of promoting scholarship, fostering innovation in academic programs and enhanced community outreach. Before his appointment at Arizona, Zupan taught at the University of Southern California's Marshall School of Business, where he also served as associate dean of master's programs. He was a teaching fellow in Harvard’s Department of Economics while pursuing his doctoral studies at MIT, and he has been a visiting faculty member at the Amos Tuck School of Business Administration at Dartmouth College. Zupan earned a BA degree in economics from Harvard University and a PhD in economics from the Massachusetts Institute of Technology.

Chapter 1 An Introduction to Microeconomics

Chapter 2 Supply and Demand

Chapter 3 The Theory of Consumer Choice

Chapter 4 Individual and Market Demand

Chapter 5 Using Consumer Choice Theory

Chapter 6 Exchange, Efficiency, and Prices

Chapter 7 Production

Chapter 8 The Cost of Production

Chapter 9 Profit Maximization in Perfectly Competitive Markets

Chapter 10 Using the Competitive Model

Chapter 11 Monopoly

Chapter 12 Product Pricing with Monopoly Power

Chapter 13 Monopolistic Competition and Oligopoly

Chapter 14 Game Theory and the Economics of Information

Chapter 15 Using Noncompetitive Market Models

Chapter 16 Employment and Pricing of Inputs

Chapter 17 Wages, Rent, Interest, and Profit

Chapter 18 Using Input Market Analysis

Chapter 19 General Equilibrium Analysis and Economic Efficiency

Chapter 20 Public Goods and Externalities

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