CTE Intermediate Microeconomics and Its Application with CB VitalSource eBook 12th Edition
Walter Nicholson | Christopher Snyder
ISBN-13: 9789814633734 | ISBN-10: 9814633739
© 2015 | Published |  408  Pages

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Paperback/Softcover Book/Jrnal
Cengage Technology Edition combines a full ebook or digital solutions package with each print edition. Use this new hybrid edition for maximum flexibility and benefits.
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INTERMEDIATE MICROECONOMICS AND ITS APPLICATION offers an exceptionally clear and concise introduction to the economics of markets. This proven text uses a managerial focus and includes relevant applications and strong examples as well as step-by-step video problems, an algebraic approach, and activities that allow you to learn by doing. Your purchase also includes online resources on CourseMate, including a complete eBook, step-by-step video problems, solutions to odd-numbered questions, and interactive quizzes.



  • Part I: INTRODUCTION.
    1. Economic Models.
    Appendix: Mathematics Used in Microeconomics.
    Part II: DEMAND.
    2. Utility and Choice.
    3. Demand Curves.
    Part III: UNCERTAINTY AND STRATEGY.
    4. Uncertainty.
    5. Game Theory.
    Part IV: PRODUCTION, COSTS, AND SUPPLY.
    6. Production.
    7. Costs.
    8. Profit Maximization and Supply.
    Part V: PERFECT COMPETITION.
    9. Perfect Competition in a Single Market.
    10. General Equilibrium and Welfare.
    Part VI: MARKET POWER.
    11. Monopoly.
    12. Imperfect Competition.
    Part VII: INPUT MARKETS.
    13. Pricing in Input Markets.
    Appendix: Labor Supply.
    14. Capital and Time.
    Appendix: Compound Interest.
    Part VIII: MARKET FAILURES.
    15. Asymmetric Information.
    16. Externalities and Public Goods.
    17. Behavioral Economics.

    • A full complement of pedagogical features enhances student learning, including a running glossary, review questions, chapter summaries, numerical examples of major concepts, warnings about common errors, and solutions to odd-numbered problems in CourseMate.
    • MicroQuizzes within the chapters reinforce learning of key concepts.
    • The text contains more than 100 up-to-date applications that show how microeconomics is used in a variety of settings. Each application contains either questions that ask students to give more thought to the material or a summary of the policy challenges presented.
    • The text does not require calculus; most concepts are illustrated graphically as well as with simple algebra.
    • The text contains chapters on new and emerging topics in economics, including the study of asymmetric information and behavioral economics.
    • Step-by-step video solutions are provided for selected problems. This collection of videos is available on CourseMate.
    • The text is fully integrated with CourseMate, providing access to a number of learning aids, including an e-Book, step-by-step video solutions, interactive quizzes, flashcards, and solutions to odd-numbered problems.
    • There are more in-chapter numerical illustrations of problem-solving techniques.
    • All applications have been updated and many new ones added.
    • Footnotes have been added showing the derivation of some calculus-based results.
For more information about these supplements, or to obtain them, contact your Learning Consultant

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  • Dr. Walter Nicholson is the Ward H. Patton Emeritus Professor of Economics at Amherst College and a visiting professor at Ave Maria University, Naples, Florida. Throughout his teaching career, Dr. Nicholson has sought to develop in students an appreciation for the value of economic models in the study of important social questions. He also has enjoyed showing students some of the stranger things that economists have sought to model. Dr. Nicholson received his Ph.D. in economics from MIT. Most of his research is in the area of labor economics, especially policy questions related to unemployment. He lives in Naples, Florida and Montague, Massachusetts, where he and his wife enjoy the frequent visits of their eight grandchildren.

    Dr. Christopher Snyder is the Joel Z. and Susan Hyatt Professor of Economics at Dartmouth College, where he pursues research and teaching interests in microeconomic theory, industrial organization, and law and economics. He is a research associate in the National Bureau of Economic Research, serves on the board of the Industrial Organization Society, and is an associate editor of the Review of Industrial Organization. Snyder received his Ph.D. from MIT. His recent research has appeared in leading economics journals, including the Review of Economics and Statistics and Quarterly Journal of Economics. He lives in Hanover, New Hampshire, with his wife, who also teaches economics at Dartmouth, and three daughters.