As a subfield of economics, microeconomics focuses on the economic behavior of individual economic agents (households and firms). In addition to market participants, market structures (monopoly, oligopoly, perfect competition) and the respective institutional frameworks are also taken into account. The textbook by Besanko and Braeutigam explains microeconomics in an easily understandable and practical manner. It includes many exciting and current applications of economic policy interest, such as climate policy and relevant examples from industrial economics. Behavioral economic arguments are integrated without neglecting traditional theory. Learning-by-doing tasks and mathematical data, combined with graphics, enable the reader to understand important concepts and structures. The didactic preparation of the individual chapters facilitates this.