Microeconomics with Xtra! Access Card

by Arnold, Roger A.

• ISBN13: 9780324163568
• ISBN10: 0324163568
• Edition: 6th
• Format: Paperback
• Copyright: 2003-01-06
• Publisher: South-Western College Pub

Summary

Offering a unique blend of solid theoretical content and student accessibility, this text: 1) covers all the basics of microeconomics, 2) gives student a clear idea of how economists think about the world, 3) stresses the key concepts in economics, and 4) is extremely rich in intriguing applications that convey the prevalence of economics in everyday life. By applying economics to phenomenon that students are familiar with and interested in, this book demonstrates like no other text how economic analysis can be applied to virtually anything of interest, thus helping students develop true economic intuition. Additional student-oriented features include a unique active-learning format, an emphasis on developing economic analysis skills, and an outstanding visual program for exhibits and graphs.

Table of Contents

AN INTRODUCTION TO ECONOMICS

PART 1. ECONOMICS: THE SCIENCE OF SCARCITY

1. What Economics is About

Appendix A

Working with Diagrams

Appendix B

Should You Major in Economics? 2. Economic Activities: Producing and Trading

3. Supply and Demand: Theory

4. Supply and Demand: Practice

MICROECONOMICS

PART 2. MICROECONOMIC FUNDAMENTALS

5. Elasticity

6. Consumer Choice: Maximizing Utility and Behavioral Economics

Appendix C

Budget Constraint and Indifference Curve Analysis

7. The Firm

8. Production and Costs

PART 3. PRODUCT MARKETS AND POLICIES

9. Perfect Competition

10. Monopoly

11. Monopolistic Competition, Oligopoly, and Game Theory

12. Government and Product Markets: Antitrust and Regulation

PART 4. FACTOR MARKETS AND RELATED ISSUES

13. Factor Markets: With Emphasis on the Labor Market

14. Wages, Unions, and Labor

15. The Distribution of Income and Poverty

16. Interest, Rent, and Profit

PART 5. MARKET FAILURE AND PUBLIC CHOICE

17. Market Failure: Externalities, Public Goods, and Asymmetric Information

18. Public Choice: Economic Theory Applied to Politics

THE WORLD ECONOMY

PART 6. INTERNATIONAL ECONOMICS: THEORY AND POLICY

19. International Trade

20. International Finance