Modern Microeconomics (2nd Edition)

Modern Microeconomics (2nd Edition) by A. Koutsoyiannis is a seminal and classic textbook renowned for its rigorous, comprehensive, and mathematical approach to intermediate and advanced microeconomic theory. Published by Palgrave Macmillan, this second edition builds upon the author's legendary clarity and analytical depth, offering students an exceptionally clear and engaging path to understanding firm behavior, market structures, and decision-making processes. 

This textbook is extensively prescribed across BBA, MBA, BS Economics, M.Sc Economics, and competitive examination curricula at leading Pakistani universities and institutions. The 2nd Edition is fully aligned with regional academic standards, offering unmatched clarity and mathematical rigor tested across generations of economics scholars and students.

The book thoroughly covers the complete spectrum of advanced microeconomic theory. It explores foundational concepts such as consumer behavior theory, demand analysis, production theory, and cost functions. Key areas of focus include detailed models of market structures—ranging from perfect competition and pure monopoly to monopolistic competition, non-collusive oligopoly (Cournot, Bertrand, Stackelberg, Kinked Demand), and collusive oligopoly (cartels, price leadership). It also provides extensive treatments of factor pricing, general equilibrium theory, welfare economics, and managerial theories of the firm.

This second edition features thoroughly detailed mathematical formulations, practical economic models, and analytical diagrams, ensuring complex theoretical principles are fully grasped within modern academic and economic frameworks.

Available now at Prince Book Depot - Lahore’s most trusted bookstore since 1958. Fast delivery across Pakistan.