Microeconomics / by

For students who care about how the world works, microeconomics is one of the most relevant and interesting subjects they can study. A good grasp of students who care about how the world works, microeconomics is one of microeconomics is vital for managerial decision making, for designing and un derstanding public policy, and more generally for appreciating how a modern economy functions.

We wrote this book, Microeconomics, because we believe that students need to be exposed to the new topics that have come to play a central role in micro economics over the years-topics such as game theory and competitive strat egy, the roles of uncertainty and information, and the analysis of pricing by firms with market power. We also felt that students need to be shown how mi croeconomics can help us to understand what goes on in the world and how it can be used as a practical tool for decision making. Microeconomics is an ex citing and dynamic subject, but students need to be given an appreciation of its relevance and usefulness. They want and need a good understanding of how microeconomics can actually be used outside the classroom.