Intermediate Microeconomics and Its Application,
13th Edition

Part I: INTRODUCTION.
1. Economic Models.
2. Mathematics Used in Microeconomics.
Part II: DEMAND.
3. Utility and Choice.
4. Demand Curves.
Part III: UNCERTAINTY AND STRATEGY.
5. Uncertainty.
6. Game Theory.
Part IV: PRODUCTION, COSTS, AND SUPPLY.
7. Production.
8. Costs.
9. Profit Maximization and Supply.
Part V: PERFECT COMPETITION.
10. Perfect Competition in a Single Market.
11. General Equilibrium and Welfare.
Part VI: MARKET POWER.
12. Monopoly.
13. Imperfect Competition.
Part VII: INPUT MARKETS.
14. Pricing in Input Markets.
Appendix: Labor Supply.
15. Capital and Time.
Appendix: Compound Interest.
Part VIII: MARKET FAILURES.
16. Asymmetric Information.
17. Externalities and Public Goods.
18. Behavioral Economics.

• Walter Nicholson

  Dr. Walter Nicholson is the Ward H. Patton Emeritus Professor of Economics at Amherst College and a visiting professor at Ave Maria University, Naples, Florida. Throughout his teaching career, Dr. Nicholson has sought to develop in students an appreciation for the value of economic models in the study of important social questions. He also has enjoyed showing students some of the stranger things that economists have sought to model. Dr. Nicholson received his Ph.D. in economics from MIT. Most of his research is in the area of labor economics, especially policy questions related to unemployment. He lives in Naples, Florida and Montague, Massachusetts, where he and his wife enjoy the frequent visits of their eight grandchildren.

• Christopher M. Snyder

  Dr. Christopher Snyder is the Joel Z. and Susan Hyatt Professor of Economics at Dartmouth College, where he pursues research and teaching interests in microeconomic theory, industrial organization, and law and economics. He is a research associate in the National Bureau of Economic Research, serves on the board of the Industrial Organization Society, and is an associate editor of the Review of Industrial Organization. Snyder received his Ph.D. from MIT. His recent research has appeared in leading economics journals, including the Review of Economics and Statistics and Quarterly Journal of Economics. He lives in Hanover, New Hampshire, with his wife, who also teaches economics at Dartmouth, and three daughters.

• NEW FULL-COLOR PRESENTATION CAPTURES INTEREST AND CLARIFIES INFORMATION. This edition's full-color design immediately engages the reader and provides many new opportunities for improved graphs. This edition uses a carefully designed, systematic approach to consistently apply the use of color to all graphs.

• NEW AND REVISED APPLICATIONS THROUGHOUT THIS EDITION RELFECT RECENT ECONOMIC ISSUES. All of the proven applications in this edition are updated, where appropriate. In addition, the authors have added a variety of new applications that demonstrate recent developments and changes. Several new applications focus on economic issues associated with the COVID pandemic.

• UPDATED AND IMPROVED VIDEO "WALK-THROUGH" PROBLEMS CLEARLY GUIDE STUDENTS IN PROBLEM-SOLVING. These revised Video "Walk-Through" Problems correspond seamlessly with revisions in the text and help equip your students with stronger skills and better intuition about how to approach the solutions to microeconomic problems.

• CAREFUL REVISIONS FOCUS ON INCLUSIVITY THROUGHOUT THIS EDITION. The authors have addressed all language and rewritten material to ensure all content reflects inclusivity for all readers today.

• NEW DIGITAL INSTRUCTIONAL SUPPORT STRENGTHENS YOUR COURSE. This edition includes the latest instructional support for both you and your students. New resources include MindTap online learning solutions that move students from memorization to mastery and offer customizable control for your course. In addition, this edition includes an updated Instructor's Companion Website with PowerPoint® presentations, an Instructor’s Manual and videos all in one place. Online Testing tools are also available.

• CONTENT ADDRESSES NEW AND EMERGING TOPICS IN ECONOMICS TODAY. New content within dedicated chapters explores new developments and issues, such as the study of asymmetric information and behavioral economics.

• PROVEN MICROQUIZZES REINFORCE UNDERSTANDING OF KEY TOPICS. These quick, helpful MicroQuizzes appear within each chapters and help gauge student understanding of important topics before they advance to new material.

• MORE THAN 100 UP-TO-DATE APPLICATIONS SHOW MICROECONOMICS AT WORK IN A VARIETY OF SETTINGS. Students actively apply their knowledge as each application contains either questions that ask students to give more thought to the material or a summary of the policy challenges presented.

• INTUITIVE CONCEPTS DO NOT REQUIRE EXTENSIVE HIGHER-LEVEL MATH. The authors have carefully crafted content so this edition does not require a thorough understanding of calculus. Most concepts are illustrated intuitively and then graphically. Some do require the use of simple algebra.

• The text does not require calculus; most concepts are illustrated intuitively, then graphically as well as of occasion with simple algebra.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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