Pindyck Rubinfeld Sollogoub Sofer

The QCMs are now available! Check the 'Supplements' tab.

A true international reference, the book by Robert Pindycket and Daniel Rubinfeld presents the main concepts of modern microeconomics in simple and clear language, with limited formalism:

• The essential tool for analysis is the graph (the book contains around 200).
• Technical explanations are provided in appendices and remain very comprehensible for beginners.
• Numerous examples, in boxes and at the end of the text, facilitate the understanding of the concepts.

Relying on the pedagogical and conceptual qualities that have made this manual a success, this new edition comprises four parts:

• The stakes and methods of microeconomics,
• The consumer, the producer, competitive markets,
• The markets of monopolies, monopolistic competition, and oligopolies,
• The efficiency of market systems and the deficiencies due to information asymmetry, externalities, and the presence of public goods.

More than 400 exercises and review questions allow the reader to test their understanding of the concepts presented throughout the manual. A glossary of the main concepts and a selection of 60 corrected exercises complete the book.

The main new features of this edition:

• A new chapter on behavioral economics, which describes how consumers and businesses make their decisions.
• Developments on company merger policies.
• Examples such as the taxi market with the arrival of Uber and Lyft, the economics of fitness clubs, and cost reductions in a Tesla garage, etc.

360 self-correcting QCMs are offered for reviewing or verifying knowledge! Additional numerical resources are offered to teachers and students.