Microeconomic Theory: A Textbook

A comprehensive analysis of the theoretical tools, real-world applications, policy implications and corner solutions of microeconomics. This book offers a discussion of all significant topics including applications and extension of consumer theory; theory of the firm; production, cost and supply; partial and general equilibrium; welfare economics; uncertainty and information; market imperfections as well as a detailed overview of the theory of games. It provides coverage of the basic as well as modern aspects in the subject, supported by India-centric examples, data and case studies. Complete with a number of original algebraic derivations and graphical expositions, this textbook will serve as an indispensable companion for students of microeconomics. Feature Highlights: • Accessible and reader-friendly approach. • Wide coverage of basic and modern aspects of the subject. • Up-to-date statistics, illustrations and examples. • Special emphasis on policy applications and full treatment of corner solutions. • Rich pedagogical elements including numerical examples, tables, cases, graphical illustrations, and chapter-end exercises.