product title: Microeconomics: Theory and Applications with Calculus, Global Edition, 5th Edition

Support your students' knowledge of modern microeconomics from theory to practice.

Microeconomics: Theory and Applications with Calculus, 5th Edition, is the ideal intermediate microeconomics text that combines calculus, algebra, and graphs, allowing you to guide your students through the theory of the discipline and analysis of real-world problems.

Following a step-by-step approach, this book will support your students' learning from theory to practice. The new edition now includes considerable updates and features to further support your students' learning and help them keep up-to-date with the latest advancements in the field.

Format types

MyLab with eText = Access to the blended learning platform, merging digital content with complementary homework, tutorials, and assessments. Includes the accompanying eText.

MyLab without eText = Access to the blended learning platform, merging digital content with complementary homework, tutorials, and assessments. No access to the eText.

MyLab is an innovative online learning platform to support you in your educational journey. It offers a range of interactive and personalized resources tailored to various subjects, helping you to better understand and retain course material. 

Key benefits of MyLab include immediate feedback on assignments and quizzes, allowing you to learn from your mistakes in real-time. Additionally, the platform provides a wealth of practice exercises, tutorials, and multimedia resources that cater to different learning styles.

New and updated features of this title

Considerably revised and updated chapters include new content and practical applications.

• A new Appendix and Basic Calculus in this new edition offer an additional learning resource to your students (available only online in the previous edition).
• New feature Common Confusions describes a widely held belief that economic theory or evidence rejects.
• New feature, Unintended Consequences, describes how some policies and other actions have potent side effects beyond the intended ones.
• An increased number of Challenges combine an Application with a Solved Problem and help your students see how theory can solve real-life problems.

A closer look at some of the new features for this edition.

• Real-World Examples use real people, companies, and data to illustrate the modern microeconomic theory, providing a versatile, practical perspective.
• What-If Policy Analysis sections use microeconomic models, prompting your students to conduct analyses of public policies and probe the likely outcomes.
• Solved Problems provide students with a step-by-step model for working out qualitative and quantitative problems using algebra and calculus.
• End-of Chapter exercises combined with the Solved problems allow your students to practice their knowledge and understanding of the concepts presented.

Table of contents

1. Introduction
2. Supply and Demand
3. A Consumer's Constrained Choice
4. Demand
5. Consumer Welfare and Policy Analysis
6. Firms and Production
7. Costs
8. Competitive Firms and Markets
9. Properties and Applications of the Competitive Model
10. General Equilibrium and Economic Welfare
11. Monopoly and Monopsony
12. Pricing and Advertising
13. Game Theory
14. Oligopoly and Monopolistic Competition
15. Factor Markets
16. Uncertainty
17. Property Rights, Externalities, Rivalry, and Exclusion
18. Asymmetric Information
19. Contracts and Moral Hazards