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Microeconomics: Theory and Applications with Calculus, 5th edition

Published by Pearson (April 1, 2019) © 2020

  • Jeffrey M. Perloff University of California-Berkeley

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For intermediate microeconomics courses.

Exploring microeconomics: Formal theory and practical problems

Microeconomics: Theory and Applications with Calculus marries economic theory with robust, real-world problems. Perloff introduces contemporary theory through a combination of calculus, algebra and graphs and then uses it to analyze markets. It integrates real problems and applications, using a step-by-step approach to demonstrate how theory can be applied to solve practical problems and policy issues every day.

Featuring new challenges and solved problems, the 5th Edition effectively preps students to apply economic theory to the latest policy analysis in the field.

Hallmark features of this title

Real problems and public policy changes

  • Real-World Examples use real people, companies and data to illustrate basic microeconomic theory. They provide a practical perspective that showcases the versatility of modern microeconomics.
  • Extensive coverage of issues, including resource economics, labor economics, international trade, public finance, and industrial organization, is analyzed using contemporary theories.
  • What-If Policy Analysis sections use microeconomic models to probe the likely outcomes of changes in public policies.

New and updated features of this title

Applications illustrate the versatility of micro theory

  • UPDATED: Solved Problems provide students with a step-by-step model and exercises for working out qualitative and quantitative problems using algebra and calculus (744 exercises in total).
  • UPDATED: Challenges combine an Application and a Solved Problem. Each chapter (excluding Ch. 1) begins with a Challenge, which discusses a real-world issue, and concludes with one or more questions based on that discussion. At the end of the chapter, a Challenge Solution answers it.

Features of MyLab Economics for the 5th Edition

  • NEW: Pearson eText is an easy-to-use digital textbook, available with MyLab, which lets students read, highlight and take notes all in one place, even when offline.

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

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