Microeconomics

Overview

Bernheim and Whinston’s Microeconomics focuses on the core principles of the intermediate microeconomic course: individuals and firms making decisions, competitive markets, and market failures. An accessible text that does not require knowledge of calculus, Microeconomics utilizes examples and integrates topics that will stimulate and motivate students.

Key advantages of Bernheim and Whinston’s approach are:

1) A fresh, up-to-date treatment of modern microeconomic theory.
2) A clear and engaging writing style, along with innovative pedagogy that provides students with more accessible ways to understand and master difficult concepts.
3) Numerous real-world applications that are closely tied to the theoretical material developed in the text.
4) Teaches students to solve a wide range of quantitative problems without requiring calculus.

Table of contents

Bernheim and Whinston: Microeconomics

1. Introduction

2. Supply and Demand

3. Balancing Benefits and Costs

4. Principles and Preferences

5. Constraints, Choices, and Demand
6. From Demand to Welfare

7. Technology and Production
8. Cost
9. Profit Maximization


10. Choices Involving Time
11. Choices involving Risk
12. Choices Involving Strategy
13. Behavioral Economics

14. Equilibrium and Efficiency
15. Market Intervention
16. General Equilibrium, Efficiency, and Equity
17. Monopoly
18. Pricing Policies
19. Oligopoly
20. Externalities and Public Goods
21. Information Imperfections