Price Theory and Applications 9th Edition

Price Theory and Applications : 9th Edition
ISBN: 9781285423524
Publication Date: 20 August 2013

The exciting new ninth edition of Price Theory and Applications delivers a text that will both challenge and intrigue students as it equips them with the tools and skills to apply economic principles to the world around them. Inductive, hands on, and highly interactive, the book is intellectually rigorous yet student-friendly, with countless applications and resources to help readers fully understand concepts. Using the same humorous, easy-to-read approach as his popular The Armchair Economist, Steven Landsburg offers thorough coverage of traditional topics of intermediate price theory as well as emerging issues, such as the economics of information. Social welfare is a unifying concept throughout.

Available with InfoTrac Student Collections

New to this Edition

• Chapter 3 (on Indifference Curves) is largely reorganized and rewritten for greater clarity.
• New step-by-step worked sample problems early in the text help students understand key concepts.
• The section on comparing the efficiency of different taxes (income taxes, consumption taxes, wage taxes, etc) has been drastically streamlined to focus on the key issues while deferring the distracting complications to optional end-of-chapter problems.
• The material on consumer and producer surplus is largely reorganized and rewritten for greater clarity.
• The material on efficiency and deadweight loss is largely rewritten to focus on multiple ways of thinking about efficiency (including "shrinking pies", "forgone opportunities to do good", "weighted voting", etc.) and how they reinforce each other.
• The material on financial crises is updated to reflect contemporary events.
• The material on monopoly is updated...