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For courses in microeconomics.

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Exploring microeconomics: Formal theory and practical problems

Microeconomics: Theory and Applications with Calculus, 5th Edition remains the premiere microeconomics text to marry formal theory with robust, thoroughly analyzed real-world problems. Intended as an intermediate microeconomics text, Perloff introduces economic theory through a combination of calculus, algebra, and graphs. It then integrates estimated, real-life problems and applications, using a step-by-step approach to demonstrate how microeconomic theory can be applied to solve practical problems and policy issues. Compared with similar texts, the author places greater emphasis on using contemporary theories to analyze markets, so students are prepared to apply economic theory to the latest policy analysis in the field.

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1. Introduction