9780538453622

Microeconomics Principles and Policy

by ;
  • ISBN13:

    9780538453622

  • ISBN10:

    0538453621

  • Edition: 12th
  • Format: Paperback
  • Copyright: 6/15/2011
  • Publisher: South-Western College Pub
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Summary

MICROECONOMICS: PRINCIPLES AND POLICY, Twelfth Edition, teaches the principles of economics, including current economic situations, providing an essential resource for faculty and students who want a solid introduction that calls on policy-based information for examples and applications.

Table of Contents

Getting Acquainted with Economics
What Is Economics?
The Economy: Myth and Reality
The Fundamental Economic Problem: Scarcity and Choice
Supply and Demand: An Initial Look
The Building Blocks of Demand and Supply
Consumer Choice: Individual and Market Demand
Demand and Elasticity
Production, Inputs, and Cost: Building Blocks for Supply Analysis
Output, Price, and Profit: The Importance of Marginal Analysis
Securities, Business Finance, and the Economy: The Tail that Wags the Dog?
Markets and The Price System
The Firm and the Industry under Perfect Competition
Monopoly
Between Competition and Monopoly
Limiting Market Power: Regulation and Antitrust
The Virtues and Limitations of Markets
The Case for Free Markets: The Price System
The Shortcomings of Free Markets
The MarketĘs Prime Achievement: Innovation and Growth
Externalities, the Environment, and Natural Resources
Taxation and Resource Allocation
The Distribution of Income
Pricing the Factors of Production
Labor and Entrepreneurship: The Human Inputs
Poverty, Inequality, and Discrimination
The United States in The World Economy
International Trade and Comparative Advantage
Table of Contents provided by Publisher. All Rights Reserved.

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