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9780538453622

Microeconomics Principles and Policy

by ;
  • ISBN13:

    9780538453622

  • ISBN10:

    0538453621

  • Edition: 12th
  • Format: Paperback
  • Copyright: 2011-06-15
  • 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 MarketÆs 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.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

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