Foundations of Microeconomics

by Bade, Robin; Parkin, Michael

• ISBN13: 9780201473834
• ISBN10: 0201473836
• Format: Paperback
• Copyright: 2002-01-01
• Publisher: Addison Wesley

Summary

In Foundations of Microeconomics, Robin Bade and Michael Parkin provide a serious, yet accessible economics course that is focused on helping students understand the basic principles of economics, connecting these principles to today's economic issues, and developing a lasting interest in economics as a relevant part of their own lives. Foundations of Microeconomics features a tightly constructed pedagogical approach that never wavers from its goalto give students an in-depth understanding of important economic principles in a way that is clear, concise, and concerned every step of the way with engaging students' interest and understanding. This text is shorter than most and focused on key conceptsbut not watered down. The glue that holds together the chapters and the entire teaching/learning package is the Checkpoint feature. Bade and Parkin know that the best time to review material is when it's fresh in students' minds. Checkpoints reinforce the key points of the chapter by amplifying concepts with a full page of practice problems and solutions that immediately reinforce the learning objectives and strengthen students' understanding of the material. Efoundations, the text's Web site, free with the purchase of any new copy of the book, includes a complete eText, integrated links to the eStudy Guide, Foundations Interactive, Economics in the News, and a full range of Web resources including self assessment quizzes with links back to the eText.

Table of Contents

PART 1 INTRODUCTION	1	(104)
Getting Started	3	(30)
The U.S. Economy	33	(22)
The Economic Problem	55	(24)
Demand and Supply	79	(26)
PART 2 A CLOSER LOOK AT MARKETS	105	(50)
Elasticities of Demand and Supply	107	(24)
Efficiency and Fairness of Markets	131	(24)
PART 3 HOW GOVERNMENTS INFLUENCE THE ECONOMY	155	(72)
Government Influences on Markets	157	(24)
Externalities	181	(22)
Public Goods and the Tax System	203	(24)
PART 4 A CLOSER LOOK AT DECISION MAKERS	227	(56)
Consumer Choice and Demand	229	(28)
Production and Cost	257	(26)
PART 5 PRICES, PROFITS, AND INDUSTRY PERFORMANCE	283	(98)
Perfect Competition	285	(24)
Monopoly	309	(26)
Monopolistic Competition and Oligopoly	335	(26)
Regulation and Antitrust Law	361	(20)
PART 6 HOW INCOMES ARE DETERMINED	381	(70)
Demand and Supply in Factor Markets	383	(24)
Earnings Differences	407	(22)
Inequality, Poverty, and Redistribution	429	(22)
PART 7 MICROECONOMIC POLICY ISSUES	451	(2)
International Trade	453	(28)
Farms and Cities	481	(26)
International Financial Markets	507