Focusing on price theory and applications, this edition discusses: intuitive consumer surplus; correct formal derivation of consumer surplus with indifference curves; and the effect of taxes, trade limitations and market restrictions on total surplus.
There is no doubt that its a great book. The difficult concpets are explained in a easy way. However, you can definitely use some extra exercises.
A very good book !
Published by Thriftbooks.com User , 25 years ago
The author has done a marvellous job in presenting the fundamentals of economics. The author explains the material in a clear and concise manner and uses real-world examples to further enhance the understanding of the reader. Problem sets presented at the end of each chapter are exhaustive and rigorous.
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