This book integrates real-world "widget-free" examples throughout and uses extended applications to show students that economic theory has practical, problem-solving uses, and that it is not just an empty academic exercise.
Students using Perloff benefit from the author's step-by-step approach to problem solving that demonstrates how microeconomic theory is used to solve economic problems and analyze policy issues.
Jeffrey Perloff was trained as an economist at the University of Chicago and at MIT. He taught microeconomics at MIT and the Wharton School of Business before moving to the University of California, Berkeley, where he teaches today.
Perloff has conducted exhaustive research within economics, and his articles have appeared in esteemed publications, including the International Economic Review, the Review of Economic Studies, and Econometrica. He has also published several works in psychology journals.
In addition to teaching and research, Perloff has served as consultant and advisor to government agencies such as the U.S. Department of Labor, the U.S. Department of Commerce, the U.S. Department of Justice, and the Federal Trade Commission.
I. SUPPLY AND DEMAND.
2. Supply and Demand.II. CONSUMER THEORY.
4. Consumer Choice.III. THEORY OF THE FIRM.
6. Firms and Production.IV. PERFECT COMPETITION.
8. Competitive Firms and Markets.V. MARKET POWER AND MARKET STRUCTURE.
11. Monopoly.VI. FACTOR MARKETS.
15. Factor Markets and Vertical Integration.VII. UNCERTAINTY, MISSING MARKETS, AND LIMITED INFORMATION.
17. Uncertainty.