Microeconomics

Your complete guide to Microeconomic principles, theory and application Think like an economist... the new sixth edition equips you with the microeconomic tools to help you understand how individuals, firms and policy-makers decide their best course of action. This comprehensive text has been fully updated in light of recent developments in microeconomics, providing a balance of theory and examples to demonstrate the relevance of applying microeconomic principles to effectively analyse and solve a wide range of economic problems. New for this edition          New chapters on decision theory and game theory          Fully updated throughout, including new boxed worked examples          Detailed new coverage on the tragedy of the commons, auctions and corporate governance          Diagrammatic and mathematical analysis. Microeconomics caters for all students who already possess knowledge of the basic principles, challenging the most able reader whilst leaving no student behind. Saul Estrin is a Professor of Management and Head of the Department of Management at The London School of Economics and Political Science. David Laidler is Professor Emeritus of Economics at the University of Western Ontario and Fellow in Residence at the C. D. Howe Institute in Toronto. Michael Dietrich is a Senior Lecturer in Economics at Sheffield University