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This seventh edition of the book offers extensive discussion of information, uncertainty, and game theory.
This second edition, with a greater focus on game theory, attempts to unify recent developments in economic theories of uncertainty and information for students.
The volume shows how economic analysis can explain the causes, conduct, and consequences of conflict.
Aims to strike a balance between economic theory and applications while describing how economics can help in understanding market behaviour. As well as personal and financial decisions, other areas of behaviour in areas such as politics and crime are also linked to basic economics.
For courses in intermediate microeconomics, price theory, microeconomic theory, and MBA courses in managerial economics. Rich with examples, this reality-based economics text continues its pioneering approach of integrating theory and applications, showing how microeconomic analysis sheds light on market behavior, guides personal and financial decisions, and explains behavior in such areas as politics, crime, and the family.