Recognized for its clear writing style, this successful and carefully organized text takes the student step by step through the important themes of neoclassical microeconomics. It features a variety of applications, numerical illustrations and graphs with detailed captions. Each chapter has description diagrams, applications, problems and exercises, ending with a summary and selected references. Intended for intermediate price theory and intermediate microeconomics courses.
The second edition retains the features that accounted for the first edition’s wide-scale acceptance. Professor Watson, consistent with the title of his book, not only presents price theory; he also develops its uses. This approach makes the study of theory a lively experience. – Jesse W. Markham