February 26, 2013

Microeconomics Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus 3rd Edition PDF Download Ebook. Jeffrey M. Perloff uses calculus, algebra, and graphs to present microeconomic theory using actual examples, and then encourages readers to apply the theory to analyze real-world problems.

The book has been substantially revised, 80% of the Applications are new or updated, and there are 24 new Solved Problems. Every chapter (after Chapter 1) contains a new feature (the Challenge and the Challenge Solution) and has many new end-of-chapter exercises.

This text goes beyond basic microeconomic theory and looks at theories and applications from many important contemporary fields of economics. Examples include extensive coverage of problems from resource economics, labor economics, international trade, public finance, and industrial organization is featured throughout.

This text introduces game theory in Chapter 13, analyzing both static games (including prisoners’ dilemma, chicken, and other games) and multiperiod games (such as collusion and preventing entry), and special attention is paid to auction strategies. Chapters 14, 16, 17, 18, and 19 employ game theory to analyze oligopoly behavior, investing given an uncertain future, pollution (the Coase Theorem), and other topics.

This text uses real-world examples throughout the narrative to illustrate the many basic theories of microeconomics. Students see monopoly theory applied to a patented pharmaceutical, Botox. Oligopoly theories are used to analyze the rivalry between Coke and Pepsi, and between United Airlines and American Airlines on the Chicago–Los Angeles route. Apple’s monopoly pricing of iPods is analyzed.

Overall, these examples and applications use real people, real companies, and real data to illustrate basic microeconomic theory, providing students with a practical perspective that showcases the versatility of modern microeconomics.

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