For undergraduate and graduate economics majors who are enrolled in an Intermediate Microeconomics course. A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making.

Part I. Introduction: Markets and PricesChapter 1. PreliminariesChapter 2. The Basics of Supply and DemandPart II. Producers, Consumers, and Competitive MarketsChapter 3. Consumer BehaviorChapter 4. Individual and Market DemandChapter 5. Uncertainty and Consumer BehaviorChapter 6. ProductionChapter 7. The Cost of ProductionChapter 8. Profit Maximization and Competitive SupplyChapter 9. The Analysis of Competitive MarketsPart III. Market Structure and Competitive StrategyChapter 10. Market Power: Monopoly and MonopsonyChapter 11. Pricing with Market PowerChapter 12. Monopolistic Competition and OligopolyChapter 13. Game Theory and Competitive StrategyChapter 14. Markets for Factor InputsChapter 15. Investment, Time, and Capital MarketsPart IV. Information, Market Failure, and the Role of GovernmentChapter 16. General Equilibrium and Economic EfficiencyChapter 17. Markets with Asymmetric InformationChapter 18. Externalities and Public Goods