9780324421477

Microeconomics Principles and Applications

by ;
  • ISBN13:

    9780324421477

  • ISBN10:

    0324421478

  • Edition: 4th
  • Format: Paperback
  • Copyright: 1/4/2007
  • Publisher: South-Western College Pub
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Summary

Because issues of policy and real applications are critical to the principles of economics course, acclaimed economists Hall and Lieberman have made the fourth edition of MICROECONOMICS: PRINCIPLES AND APPLICATIONS as current as today's headlines, giving students a real-world, up-to-the-minute overview that presents economics as a unified discipline. Taking a no-nonsense, policy approach to economic theory and application, this comprehensive text is very accessible, equipping readers with a solid foundation in economics that they can build upon wherever their career paths may lead. A wealth of interactive online exercises, graphing applications, and research opportunities give students hands-on experience working with current economic issues. Hall and Lieberman's careful focus on core theoretical ideas and systematic application of theoretical tools to timely, practical questions conveys the message that economics is an integrated, powerful body of knowledge that can effectively address domestic and global issues.

Table of Contents

Preliminaries
What Is Economics?
Scarcity, Choice, and Economic Systems
Supply and Demand
Working with Supply and Demand
Microeconomic Decision Makers
Consumer Choice
Production and Cost
How Firms Make Decisions: Profit Maximization
Product Markets
Perfect Competition
Monopoly
Monopolistic Competition and Oligopoly
Labor, Capital, And Financial Markets
The Labor Market
Economic Inequality
Capital and Financial Markets
Efficiency, Government, And The Global Economy
Economic Efficiency and the Role of Government
Comparative Advantage and the Gains from International Trade
Table of Contents provided by Publisher. All Rights Reserved.

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