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This core intermediate microeconomics textbook bridges the gap between today´s theory and practice in microeconomics. As well as teaching economics, the authors are active microeconomics researchers, lending this title a strong empirical dimension.

Case studies and plenty of examples from a range of sources show how microeconomic theory informs consumer and producer decision making in real situations. Students are enabled to test theory and successfully apply it, helping them to answer two critical questions; "Do people and firms really act as theory suggests?" and "How can someone use microeconomics in a practical way?".
A comprehensive text, ideal for undergraduate Microeconomics courses.

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Table of Contents from Book.- 1. Adventures in Microeconomics.- 2. Supply and Demand.- 3. Using Supply and Demand to Analyze Markets.- 4. Consumer Behavior.- 5. Individual and Market Demand.- 6. Producer Behavior.- 7. Costs.- 8. Supply in a Competitive Market.- 9. Market Power and Monopoly.- 10. Market Power and Pricing Strategies.- 11. Imperfect Competition.- 12. Game Theory.- 13. Factor Markets.- 14. Investment, Time, and Insurance.- 15. General Equilibrium.- 16. Asymmetric Information.- 17. Externalities and Public Goods.- 18. Behavioral and Experimental Economics.

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Austan D. Goolsbee serves as a member of the US Census-Advisory Committee, a research associate for the National Bureau of Economic Research, a research fellow for the American Bar Foundation, a columnist for the New York Times and an economic advisor to Barack Obama.

Steven Levitt is the William B. Ogden Distinguished Service Professor of Economics at the University of Chicago, USA.

Chad Syverson´s research spans several topics, with a particular focus on the interactions of firm structure, market structure, and productivity.

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