9780077247164

Microeconomics

by
  • ISBN13:

    9780077247164

  • ISBN10:

    0077247167

  • Edition: 8th
  • Format: Paperback
  • Copyright: 9/21/2009
  • Publisher: McGraw-Hill/Irwin
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Summary

Written in an informal colloquial style, this student-friendly Principles of Microeconomics textbook does not sacrifice intellectual depth in its quest for accessibility. The author's primary concern is to instill "economic sensibility" in the student. Colander emphasizes the intellectual and historical context to which the economic models are applied.Distinguishing features found within Colander's text are: Cutting Edge and Modern Colloquial Style Narrative Focus on Policy Emphasis on the Importance of Institutions and History Focus on Modeling: Economics is a method of reasoning, not truths. Presents Alternative Perspectives in Economics

Table of Contents

Introduction: Thinking Like an Economist
Economics and Economic Reasoning
The Production Possibility Model, Trade, and Globalization
Economic Institutions
Supply and Demand
Using Supply and Demand
Thinking Like a Modern Economist
Microeconomics
The Power of Traditional Economic Models
Describing Supply and Demand: Elasticities
Taxation and Government Intervention
International Trade Policy, Comparative Advantage, and Outsourcing
Choice and Decision-Making
The Logic of Individual Choice: The Foundation of Supply and Demand
Game Theory, Strategic Decision Making, and Behavioral Economics
Production and Cost Analysis
Production and Cost Analysis I
Production and Cost Analysis II
Market Structure
Perfect Competition
Monopoly
Monopolistic Competition and Oligopoly
Real-World Competition
Real-World Competition and Technology
Antitrust Policy and Regulation
Factor Markets
Work and the Labor Market
W Nonwage and Asset Income: Rents, Profits, and Interest
Who Gets What? The Distribution of Income
Applying Economic Reasoning to Policy
Market Failure versus Government Failure
W Politics and Economics: The Case of Agricultural Markets
Behavioral Economics and Modern Economic Policy
Microeconomic Policy, Economic Reasoning, and Beyond
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