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 and preparation. It contains comprehensive coverage of a broad range of policy areas including:* competition and technology policy* information and governance policy* industrial and environmental policy* social and income policy* public sector failure and reform.