Microeconomics Principles and Policy, Update 2010 Edition

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  • Edition: 11th
  • Format: Paperback
  • Copyright: 6/10/2010
  • Publisher: South-Western College Pub
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Long a classic text for the teaching of principles of economics, the current economic crisis makes this book an even more essential resource for faculty who want a solid introduction that calls on policy based information for examples and applications. The authors have been on the forefront of advising policy makers and informing the public for years and Alan Blinder, in particular, has been highly visible through the discussions of the current economic situation. The update ensures that faculty who want to teach using the latest policy issues and data are able to do just that. Not only will MICROECONOMICS: PRINCIPLES AND POLICY, UPDATE 2010 EDITION,11e have the absolute latest data through spring 2010, but will also include a new chapter focuses on the financial It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application, allowing students to relate the materials to their everyday life.

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
The Economics of the Stock Market
Markets and the Price System
The Firm and the Industry under Perfect Competition
Between Competition and Monopoly
Limiting Market Power: Regulation and Antitrust
The Virtues and Limitations of Markets
The Case for Free Markets I: the Price System
The Shortcomings of Free Markets
The Market's 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
International Trade and Comparative Advantage
Table of Contents provided by Publisher. All Rights Reserved.

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