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This new edition builds a comprehensive picture of the microeconomic tools required to solve a wide range of problems by using an innovative combination of written, illustrative and mathematical analysis. It helps the reader to think like an economist - in particular demonstrating how individuals, firms and policy-makers decide their best course of action.

Estrin: Microeconomics

• Microeconomics


• Brief Contents


• Contents


• List of boxes


• Preface


• About the authors


• Guided tour


• Acknowledgements


• Introduction


• The difficulty of defining microeconomics


• Scarcity and choice: unifying concepts


• The ubiquity of choice


• Coordination


• Information


• An outline of the book


• Part I The Theory of Consumer Behaviour


• The basic theory of consumer choice


• Key words and phrases


• Introduction


• The subject matter of this chapter


• The objects of choice


• The budget constraint


• The consumer?s tastes


• More on tastes ? ordinal and cardinal utility


• The solution to the choice problem


• * An algebraic solution to the choice problem


• The income consumption curve


• Price consumption curves


• The Engel curve


• The demand curve