If you are looking for a textbook that covers microeconomic theory and its applications to contemporary market systems, you might want to consider Microeconomics by C. W. Morgan, Michael L. Katz, and Harvey S. Rosen. This book is a second edition of the popular text by Katz and Rosen, updated with new examples, exercises, and case studies. It also includes a companion website with additional resources for students and instructors.
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In this article, we will provide you with a comprehensive guide to the textbook, including its main features, contents, and benefits. We will also show you how to download a pdf zip file of the book for free.
The textbook has several features that make it suitable for undergraduate and graduate courses in microeconomics. Some of these features are:
- Clear and rigorous exposition: The book explains microeconomic concepts and models in a clear and rigorous way, using mathematical tools when appropriate. The book also provides intuitive explanations and graphical illustrations to help students understand the logic behind the models.
- Relevant and diverse examples: The book uses examples from various fields and countries to show how microeconomic theory can be applied to real-world situations. The examples cover topics such as consumer behavior, production, market structure, game theory, externalities, public goods, asymmetric information, auctions, labor markets, health care, taxation, international trade, and economic development.
- Engaging and challenging exercises: The book contains a large number of exercises at the end of each chapter, ranging from simple numerical problems to more complex analytical questions. The exercises test students' understanding of the concepts and models, as well as their ability to apply them to different scenarios. The book also provides answers and hints to selected exercises at the end of the book.
- Case studies: The book includes several case studies that illustrate how microeconomic theory can be used to analyze and evaluate specific policy issues or market phenomena. The case studies cover topics such as price discrimination, monopoly regulation, environmental policy, health insurance markets, education markets, and antitrust policy.
- Companion website: The book has a companion website that offers additional resources for students and instructors. The website includes interactive quizzes, flashcards, glossary terms, web links, data sets, PowerPoint slides, instructor's manual, test bank, and solutions manual.
The textbook is divided into six parts:
- Introduction: This part introduces the basic concepts and tools of microeconomics, such as scarcity, opportunity cost, demand and supply, elasticity, consumer surplus, producer surplus, efficiency, and market failure.
- Consumer Theory: This part examines how consumers make choices under different constraints and preferences. It covers topics such as utility maximization, budget constraint, indifference curves, income and substitution effects, consumer choice under uncertainty, intertemporal choice, and behavioral economics.
- Producer Theory: This part analyzes how firms make decisions under different technologies and market conditions. It covers topics such as production functions, cost functions 8cf37b1e13