Fully revised and expanded in this fourth edition, Microeconomics: Theory and Applications presents all the standard topics of traditional microeconomic theory while offering a modern approach that reflects the many recent developments in the field. With its student-friendly writing style and clear presentation of graphs, this is an ideal text for undergraduate courses in intermediate microeconomics and business programs.
• Offers a balance of traditional microeconomic topics while addressing contemporary issues and concerns
Introduces an important international dimension to microeconomics, reflecting the strong trend toward globalization in tastes, production, and distribution in today's world
Presents an "At the Frontier" section in each chapter that highlights the most exciting recent examples of advanced theoretical developments in microeconomics
New and Expanded Treatment in the Fourth Edition
• Includes a new chapter, "Choice Under Uncertainty," which examines consumer choices, risk, and uncertainty
Provides more than 130 new and updated real-world examples of how microeconomic theory can be used to analyze and possibly resolve important present-day economic problems
Offers expanded treatment of important topics such as game theory, financial microeconomics, the new international economies of scale, economics of information, and market structure, efficiency, and regulation
Features Internet site addresses for the most important topics in each chapter
A companion web site is now available at www.oup.com/us/salvatore. New to this fourth edition, this practical learning tool offers updated material, additional examples, and PowerPoint lecture slides for each textbook chapter.