This fully revised and expanded international version of the fifth edition of Principles of Microeconomics presents all the standard topics of traditional microeconomic theory while offering a modern approach that reflects the many recent developments in the field.

New and Expanded Treatment in the International Fifth Edition Provides more than 130 new and updated real-world examples of how microeconomic theory can be used to analyze and possibly resolve important present-day economic problems Offers expanded treatment of important topics such as game theory, the new international economies of scale, economics of information, and market structure, efficiency, and regulation.

Introduction to economics -- Demand, supply, and equilibrium -- Unemployment, inflation, and national income -- Consumption, investment, net exports, and government expenditures -- Traditional Keynesian approach to equilibrium output -- Fiscal policy -- Federal Reserve and monetary policy -- Monetary policy and fiscal policy -- Economic growth and productivity -- International trade and finance -- Theory of consumer demand and utility -- Production costs -- Perfect competition -- Monopoly - Monopolistic competition and oligopoly -- Demand for economic resources -- Pricing of wages, rent, interest and profits.