Microeconomics plus MyEconLab plus eBook 1-semester Student Access Kit

by Lipsey, Richard G.; Ragan, Christopher T.S.; Storer, Paul

• ISBN13: 9780321369222
• ISBN10: 032136922X
• Edition: 13th
• Format: Package
• Copyright: 2008-01-01
• Publisher: Addison Wesley

Summary

KEY MESSAGE:When asked to describe this text, most Lipsey readers use the same word:precise.The authors steer away from glossing over subjects when presenting economic ideas; rather, they offer a patient explanation of the concept and back it up with the latest research and data. Taken separately, neither theory nor data alone can give readers a true understanding of the idea, but when combined these elements give students a complete view of economics in the real world. What is Economics?:Economic Issues and Concepts; How Economists Work.An Introduction to Demand and Supply: Demand, Supply, and Price; Elasticity; Markets in Action.Consumers and Products:Consumer Behavior; Producers in the Short Run; Producers in the Long Run.Market Structure and Efficiency:Competitive Markets; Monopoly; Imperfect Competition and Strategic Behavior; Economic Efficiency and Public Policy.Factor Markets:How Factor Markets Work; Labor Markets; Capital and the Interest Rate.Government in the Market Economy:Market Failures and Government Intervention; The Economics of Environmental Protection; Taxation and Public Expenditure.The Global Economy:The Gains from International Trade; Trade Policy. For all readers interested in microeconomics.

Table of Contents

What Is Economics?

Economic Issues and Concepts

How Economists Work

An Introduction to Demand and Supply

Demand, Supply, and Price

Elasticity

Markets in Action

Consumers and Producers

Consumer Behavior

Producers in the Short Run

Producers in the Long Run

Market Structure and Efficiency

Competitive Markets

Monopoly, Cartels, and Price Discrimination

Imperfect Competition and Strategic Behavior

Economic Efficiency and Public Policy

Factor Markets

How Factor Markets Work

Labor Markets

Interest Rates and the Capital Market

Government in the Market Economy

Market Failures and Government Intervention

The Economics of Environmental Protection

Taxation and Public Expenditure

The United States in the Global Economy

The Gains from International Trade

Trade Policy

Glossary

Mathematical Notes

Time Line of Great Economists

Index

Credits

Table of Contents provided by Publisher. All Rights Reserved.