Instructor’s Manual

By

Duncan M. Holthausen
For

Microeconomics

Eighth Edition

Robert S. Pindyck
Massachusetts Institute of Technology

Daniel L. Rubinfeld
University of California, Berkeley

Copyright 2013 Pearson Education, Inc. Publishing as Prentice Hall.

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ISBN-13: 978-0-13-287051-1
ISBN-10: 0-13-287051-7
Contents

PART 1: Introduction: Markets and Prices................................................................................... 1

Chapter 1 Preliminaries....................................................................................................................... 3
Chapter 2 The Basics of Supply and Demand..................................................................................... 8

PART 2: Producers, Consumers, and Competitive Markets........................................................ 29

Chapter 3 Consumer Behavior............................................................................................................ 31
Chapter 4 Individual and Market Demand.......................................................................................... 52
Appendix Demand Theory—A Mathematical Treatment................................................................... 72
Chapter 5 Uncertainty and Consumer Behavior.................................................................................. 78
Chapter 6 Production.......................................................................................................................... 91
Chapter 7 The Cost of Production....................................................................................................... 103
Appendix Production and Cost Theory—A Mathematical Treatment................................................. 118
Chapter 8 Profit Maximization and Competitive Supply.................................................................... 122
Chapter 9 The Analysis of Competitive Markets................................................................................ 140

PART 3: Market Structure and Competitive Strategy.................................................................. 161

Chapter 10 Market Power: Monopoly and Monopsony........................................................................ 163
Chapter 11 Pricing with Market Power................................................................................................. 187
Appendix The Vertically Integrated Firm........................................................................................... 212
Chapter 12 Monopolistic Competition and Oligopoly.......................................................................... 218
Chapter 13 Game Theory and Competitive Strategy............................................................................. 246
Chapter 14 Markets for Factor Inputs................................................................................................... 262
Chapter 15 Investment, Time, and Capital Markets.............................................................................. 274

PART 4: Information, Market Failure, and the Role of Government.......................................... 289

Chapter 16 General Equilibrium and Economic Efficiency.................................................................. 291
Chapter 17 Markets with Asymmetric Information.............................................................................. 305
Chapter 18 Externalities and Public Goods........................................................................................... 317