Microeconomics (Hardcover, 1st ed.)

This core intermediate microeconomics textbook bridges the gap between today's theory and practice in microeconomics. As well as teaching economics, the authors are active microeconomics researchers, lending this title a strong empirical dimension. Case studies and plenty of examples from a range of sources show how microeconomic theory informs consumer and producer decision making in real situations. Students are enabled to test theory and successfully apply it, helping them to answer two critical questions; "Do people and firms really act as theory suggests?" and "How can someone use microeconomics in a practical way?". A comprehensive text, ideal for undergraduate Microeconomics courses.