The volume W of the accessible N-body phase space and its dependence o
n the total energy is directly calculated. The famous Boltzmann relati
on S = k ln(W) defines microcanonical thermodynamics (MT). We study
how phase transitions appear in MT. Here we first develop the thermody
namics of microcanonical phase transitions of first and second order i
n systems which are thermodynamically stable in the sense of van Hove.
We show how both kinds of phase transitions can unambiguously be iden
tified in relatively small isolated systems of similar to 100 atoms by
the shape of the microcanonical caloric equation of state < T(E/N) >
and not so well by the coexistence of two spatially clearly separated
phases. i.e. within microcanonical thermodynamics one does not need to
go to the thermodynamic limit in order to identify phase transitions.
In contrast to ordinary (canonical) thermodynamics of the bulk microc
anonical thermodynamics (MT) gives an insight into the coexistence reg
ion. Here the form of the specific heat c(E/N) connects transitions of
first and second order in a natural way. The essential three paramete
rs which identify the transition to be of first order, the transition
temperature T-tr, the latent heat q(lat), and the interphase surface e
ntropy Delta s(surf) can very well be determined in relatively small s
ystems like clusters by MT. It turns out to be essential whether the c
luster is studied canonically at constant temperature or microcanonica
lly at constant energy. Especially the study of phase separations like
solid and liquid or, as studied here, liquid and gas is very natural
in the microcanonical ensemble, whereas phase separations become expon
entially suppressed within the canonical description. The phase transi
tion towards fragmentation is introduced. The general features of MT a
s applied to the fragmentation of atomic clusters are discussed. The s
imilarities and differences to the boiling of macrosystems are pointed
out.