Essentials of Microeconomics

"Nguyen and Wait have written a clear and accessible introduction to modern microeconomics. The exposition of marginal effects and of game theory should be especially helpful to students concerned about their math background but keen to master economics. A welcome feature is the chapter on international trade, an application of microeconomics too often omitted from inward-oriented texts but essential in our globalized world." -Richard Pomfret, Professor of Economics, University of Adelaide, Australia

"The past 2 decades have seen principles classes in economics shift to emphasising narrow anecdotes while in industry the combination of a core set of technical microeconomics tools and big data have have been revolutionising areas like auction design, strategy, bargaining and marketing. Nguyen and Wait's new textbook rejects anecdotes in favour of developing the key practical areas of microeconomic theory with just enough technical detail to prepare students to bring the theory to data in their careers. A textbook for a new generation of business focused economics students planning on actually using economics." -Kieron Meagher, Professor of Economics, Australian National University, Australia

"Essentials of Microeconomics, by Bonnie Nguyen and Andrew Wait, prepares students with introductory chapters, and not appendices, for quantitative analysis appropriate for a rigorous yet accessible course in microeconomics principles. After discussing basic economic tools in Chapter One, e.g., marginal analysis and ceteris paribus, the authors explain mathematical tools in Chapter Two, e.g. simultaneous equations and differentiation, and strategic tools in Chapter Three., i.e., game theory models. They present the mathematical and strategic tools in a straightforward and engaging manner, which should motivate students to review or learn the material. As a result, the students may better grasp and retain core microeconomic concepts by using this textbook compared with other textbooks that treat the tools as less integral to learning the microeconomic concepts." - William Rieber, Professor of Economics, College of Business, Butler University, U.S.A.

"Nguyen and Wait's Essentials of Microeconomics is really covering the essentials of the discipline. All concepts are explained clearly, in plain language and with no frills. These features, however, do not compromise rigor of the content. This book can be a great resource for the complete beginners and a useful refresher for the more experienced students." -Carlo Reggiani, Lecturer in Microeconomics, University of Manchester, U.K.

"The authors have done a great job explaining complex materials." - Shahina Amin, Associate Professor Department of Economics, University of Northern Iowa, U.S.A.