Textbook of Microeconomic Theory (Paperback)  | Released: 31 Jul 2015

A comprehensive analysis of the theoretical tools, real-world applications, policy implications and corner solutions of microeconomics. This book offers a discussion of all significant topics including applications and extension of consumer theory; theory of the firm; production, cost and supply; partial and general equilibrium; welfare economics; uncertainty and information; market imperfections as well as a detailed overview of the theory of games. It provides coverage of the basic as well as modern aspects in the subject, supported by India-centric examples, data and case studies. Complete with a number of original algebraic derivations and graphical expositions, this textbook will serve as an indispensable companion for students of microeconomics. Feature Highlights: - Accessible and reader-friendly approach. - Wide coverage of basic and modern aspects of the subject. - Up-to-date statistics, illustrations and examples. - Special emphasis on policy applications and full treatment of corner solutions. - Rich pedagogical elements including numerical examples, tables, cases, graphical illustrations, and chapter-end exercises.Table of Contents: Preface Introduction to Microeconomic Theory Theory of Consumer Behavior Applications of Consumer Theory Extensions of Consumer Theory Production, Cost and Supply Markets in Partial Equilibrium General Equilibrium and Welfare Economics Uncertainty and Inf