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With the acclaimed writing and teaching approach of Paul Krugman and Robin Wells, Microeconomics in Modules offers:
A concise, accessible introduction to economics with 45 modules divided into 8 sections
A format that lets students explore economics at an effective pace—one essential topic at a time. Each module is easily readable in a single sitting.
Updated coverage based on the Second Edition of Krugman and Wells, Economics, with same engaging features and writing that have made the Krugman/Wells a classroom favorite.
Section-concluding Reviews and Problem Sets that help students tie together what they have learned from the modules in that section.
Table of Contents
Section 1 Basic Economic Concepts Module 1 The Study of Economics Module 2 Introduction to Microeconomics Module 3 The Production Possibilities Curve Model Module 4 Comparative Advantage and Trade Appendix Graphs in Economics
Section 2 Supply and Demand Module 5 Supply and Demand: Introduction and Demand Module 6 Supply and Demand: Supply and Equilibrium Module 7 Supply and Demand: Changes in Equilibrium Module 8 Supply and Demand: Price Controls (Ceilings and Floors) Module 9 Supply and Demand: Quantity Controls
Section 3 Behind the Demand Curve: Consumer Choice Module 10 Income Effects, Substitution Effects, and Elasticity Module 11 Interpreting Price Elasticity of Demand Module 12 Other Elasticities Module 13 Consumer and Producer Surplus Module 14 Efficiency and Deadweight Loss Module 15 Utility Maximization
Section 4 Behind the Supply Curve: Profit, Production, and Costs Module 16 Defining Profit Module 17 Profit Maximization Module 18 The Production Function Module 19 Firm Costs Module 20 Long-Run Costs and Economies of Scale Module 21 Introduction to Market Structure
Section 5 Market Structures: Perfect Competition and Monopoly Module 22 Introduction to Perfect Competition Module 23 Graphing Perfect Competition Module 24 Long-Run Outcomes in Perfect Competition Module 25 Introduction to Monopoly Module 26 Monopoly and Public Policy Module 27 Price Discrimination
Section 6 Market Structures: Imperfect Competition Module 28 Introduction to Oligopoly Module 29 Game Theory Module 30 Oligopoly in Practice Module 31 Introduction to Monopolistic Competition Module 32 Product Differentiation and Advertising
Section 7 Factor Markets Module 33 Introduction and Factor Demand Module 34 The Markets for Land and Capital Module 35 The Market for Labor Module 36 The Cost-Minimizing Input Combination Module 37 Theories of Income Distribution
Section 8 Market Failure and the Role of Government Module 38 Introduction to Externalities Module 39 Externalities and Public Policy Module 40 Public Goods Module 41 Public Policy to Promote Competition Module 42 Income Inequality and Income Distribution
Appendix Enrichment Modules Module 43 The Economics of Information Module 44 Indifference Curves and Consumer Choice Module 45 International Trade