Intermediate Microeconomics and Its Application

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We are proud to introduce the twelfth edition of Intermediate Microeconomics and its Application Overall this edition does everything the previous edition did just better We maintained the same basic organization and topics but where possible improved how the material is presented In the end every chapter has seen dozens of minor improvements but several chapters including those on uncertainty costs and asymmetric information have been extensively revised The book has a fresh look with an appealing use of color and formatting that should make the text more fun to read and easier to follow All the changes serve to improve what we think are the book s strengths clarity and conciseness in its treatment of intermediate microeconomics This edition marks the introduction of an electronic version including enhancements that should prove valuable to instructors and students alike Every chapter has two or three videos linked to the content Many of the videos provide step by step solutions to key end of chapter problems narrated by one or another of the authors themselves In addition to guiding the student through the steps the authors try to emphasize the broader economic insights that the problem is trying to illustrate Some videos focus on a single concept or a numerical exercise from the text Instructors can use these videos as part of the answer key to problem sets saving countless office hours Instructors can also use the videos to enhance lectures giving students some independent instruction outside of class saving class time for deeper discussions or flipping the classroom while preserving for students a strong foundation of the basics The End of Chapter problems with videos are clearly identify in the textbook with a video icon These videos are available on CourseMate the e Reader Aplia s media reader and on the Single Sign On SSO for instructors The electronic version CourseMate is a highly interactive learning experience combining readings multimedia activities and assessments in a single online resource center The rich media reader guides students to seamlessly move to referenced content in a way that is convenient even for the smaller devices tablets and mobile phones Some of the more important changes to the content of the chapters in this edition include the following We are proud to introduce the twelfth edition of Intermediate Microeconomics and its Application Overall this edition does everything the previous edition did just better We maintained the same basic organization and topics but where possible improved how the material is presented In the end every chapter has seen dozens of ...minor improvements but several chapters including those on uncertainty costs and asymmetric information have been extensively revised The book has a fresh look with an appealing use of color and formatting that should make the text more fun to read and easier to follow All the changes serve to improve what we think are the book s strengths clarity and conciseness in its treatment of intermediate microeconomics This edition marks the introduction of an electronic version including enhancements that should prove valuable to instructors and students alike Every chapter has two or three videos linked to the content Many of the videos provide step by step solutions to key end of chapter problems narrated by one or another of the authors themselves In addition to guiding the student through the steps the authors try to emphasize the broader economic insights that the problem is trying to illustrate Some videos focus on a single concept or a numerical exercise from the text Instructors can use these videos as part of the answer key to problem sets saving countless office hours Instructors can also use the videos to enhance lectures giving students some independent instruction outside of class saving class time for deeper discussions or flipping the classroom while preserving for students a strong foundation of the basics The End of Chapter problems with videos are clearly identify in the textbook with a video icon These videos are available on CourseMate the e Reader Aplia s media reader and on the Single Sign On SSO for instructors The electronic version CourseMate is a highly interactive learning experience combining readings multimedia activities and assessments in a single online resource center The rich media reader guides students to seamlessly move to referenced content in a way that is convenient even for the smaller devices tablets and mobile phones Some of the more important changes to the content of the chapters in this edition include the following

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