This second edition of 'Microeconomics' is filled with learning by doing problems that give students a chance to make economics their own. These fully worked out problems provide a step by step road map to help students solve numerical problems. Each problem correlates to similar practice problems at the end of each chapter. In addition, the authors include many extensive real world examples in the text. These examples are contemporary applications of the theory and are longer and more extensive to show the evolution of the example. Each chapter opens with an example to draw readers into the topic. DAVID BESANKO is the Alvin J.

Huss Distinguished Professor of Management and Strategy at the Kellogg School of Management at Northwestern University. He received his AB in Political Science from Ohio University in 1977, his MS in Managerial Economics and Decision Sciences from Northwestern University in 1982. Before joining the Kellogg faculty in 1991, Professor Besanko was a member of the faculty of the School of Business at Indiana University from 1982 to 1991. In addition, in 1985, he held a post-doctorate position on the Economics Staff at Bell Communications Research. Professor Besanko teaches courses in the fields of Management and Strategy, Competitive Strategy, and Managerial Economics. In 1995, the graduating class at Kellogg awarded Professor Besanko the L.G.

Lavengood Professor of the Year, the highest teaching honor a faculty member at Kellogg can receive. BRAEUTIGAM is the Harvey Kapnick Professor of Business Institutions in the Department of Economics at Northwestern University. Huntington Piano Company Serial Numbers. He is Associate Dean for Undergraduate Studies in the Weinberg College of Arts and Sciences. He received a BS in Petroleum Engineering from the University of Tulsa in 1970 and then attended Stanford University and the California Institute of Technology, and he has also held an appointment as a Senior Research Fellow at the Wissenschaftszentrum Berlin (Science Center Berlin). He has also worked in both government and industry, beginning his career as a petroleum engineer with Standard Oil of Indiana (now BP), serving as research economist in The White House office of Telecommunications Policy, and as an economic consultant to Congress, many government agencies and private firms on matters of pricing, costing, managerial strategy, antitrust, and regulation. INTRODUCTION TO MICROECONOMICS.CHAPTER 1.A ANALYZING ECONOMIC PROBLEMS.Is the New Economy Really New?1.1 Why Study Microeconomics?1.2 Three Key Analytical Tools.Constrained Optimization.Equilibrium Analysis.Comparative Statics.1.3 Positive and Normative Analysis.LEARNING-BY-DOING EXERCISES.1.1 Constrained Optimization: The Farmera s Fence.1.2 Constrained Optimization: Consumer Choice.1.3 Comparative Statics with Market Equilibrium in the U.S.