9781439038970

Microeconomics : Principles and Applications

by ;
  • ISBN13:

    9781439038970

  • ISBN10:

    143903897X

  • Edition: 5th
  • Format: Paperback
  • Copyright: 11/24/2009
  • Publisher: South-Western College Pub
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Summary

Acclaimed economists Hall and Lieberman have made the latest edition of MICROECONOMICS: PRINCIPLES AND APPLICATIONS as current as the headlines. Hall and Lieberman's careful focus on recent economic theories and applications, and how they relate to practical questions, effectively communicates that economics is an integrated, powerful body of knowledge that can address complex domestic and global issues.

Table of Contents

Preliminaries
What Is Economics?
Scarcity, Choice, and Economic Systems
Supply and Demand
Supply and Demand
Working with Supply and Demand
Elasticity
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
Labor Markets
Capital and Financial Markets
Efficiency, Government, and the Global Economy
Economic Efficiency and the Competitive Ideal
Government's Role in Economic Efficiency
Comparative Advantage and the Gains from International Trade
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