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Oxford University Press is a department of the University of Oxford. It furthers the University's objective of excellence in research, scholarship, and education by publishing worldwide.

Print Price: $269.99

Format:
Hardback
768 pp.
7 1/2" x 9 1/4"

ISBN-13:
9780195336108

Publication date:
October 2008

Imprint: OUP US


Microeconomics

Theory and Applications, Fifth Edition

Dominick Salvatore

Fully revised and expanded, this fifth edition of Microeconomics: Theory and Applications presents all the standard topics of traditional microeconomic theory while offering a modern approach that reflects the many exciting 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.

Readership : Suitable for intermediate courses in Microeconomics, and EMBA and MBA programs.

Part One: Introduction to Microeconomics
1. Introduction
2. Basic Demand and Supply Analysis
Part Two: Theory of Consumer Behavior and Demand
3. Consumer Preferences and Choice
4. Consumer Behavior and Individual Demand
5. Market Demand and Elasticities
6. Choice Under Uncertainty
Part Three: Production, Costs, and Competitive Markets
7. Production Theory
8. Costs of Production
9. Price and Output Under Perfect Competition
Part Four: Imperfectly Competitive Markets
10. Price and Output Under Pure Monopoly
11. Price and Output Under Monopolistic Competition and Oligopoly
12. Game Theory and Ogilopolistic Behavior
13. Market Structure, Efficiency, and Regulation
Part Five: Pricing and Employment of Inputs
14. Input Price and Employment Under Perfect Competition
15. Input Price and Employment Under Imperfect Competition
16. Financial Microeconomics: Interest, Investment, and the Cost of Capital
Part Six: General Equilibrium, Efficiency, and Public Goods
17. General Equilibrium and Welfare Economics
18. Externalities, Public Goods, and the Role of Government
19. The Economics of Information
Appendix A: Mathematical Appendix
Appendix B: Answers to Selected Problems
Appendix C: Glossary
Name Index

Instructor's Manual
Study Guide
Test Bank, on CD
Companion Website

Dominick Salvatore is Professor of Economics and Business at Fordham University, Visiting Professor at the Vienna Economics and Business Administration University, and Honorary Professor at the Shanghai Finance University. He is president of the North American Economics and Finance Association, a former chairman of the New York Academy of Sciences, and a consultant to the Economic Policy Institute in Washington, the United Nations, and various multinational banks and corporations. He is the author, coauthor, or editor of forty-four books.

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Special Features

  • 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 more advanced theoretical developments in microeconomics.
New to this Edition
  • Includes electronic commerce, behavioral economics, auctioning airwaves, effect of outsourcing on employment and wages in the United States, fields of education and lifetime earnings, effect of taxation on business decisions.
  • 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 website is now available at www.oup.com/us/salvatore. This practical learning tool offers updated material, additional examples, and PowerPointR lecture slides for each textbook chapter