This textbook provides an important and fresh approach to the understanding of microeconomic policy. Microeconomic Policy links principles to settings and shows how theory compliments policy and vice-versa. By linking theory to policies and application, this text will enable students to acquire proficiency and recognise balance in policy analysis a

1:Background 2:Market Economy:Review of Mechanisms, Limitations and Responses 3:Indivisibilities:Competition Policy and Technology Policy 4:Uncertainty:The Case for Governance Policies 5:Externalities:Industrial Policies and Environmental Policy 6:Collectives:Social Provision and Insurance Schemes 7:Distribution:Income Policies and Endowment Strategies 8:State Interventions:Review of Mechanisms, Limitations and Reforms 9:The Social Order:Review of Mechanisms, Outcomes and Prospects.