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Principles of Microeconomics,9780131442832
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Principles of Microeconomics

by ;
Edition:
7th
ISBN13:

9780131442832

ISBN10:
013144283X
Format:
Paperback
Pub. Date:
1/1/2004
Publisher(s):
Prentice Hall

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Summary

These two highly-respected authors have revised this best-selling book to include more current, modern subject matter and events, while maintaining those features that have contributed to its great success. It continues to use stories, graphs, and equations and a unified and logical organization to make economic concepts easy-to-understand and relevant to all readers. Users of this book see the connection between growth, trade, comparative advantage, and the production possibilities frontier. When readers understand how a simple competitive market system works, they are ready to focus on problems of real-world markets.Revamped to include such subjects as globalization and growth and development, this book explores the issues, current trends, and debates surrounding trade in the developing world. It continues to provide an excellent foundation by discussing: the scope and method of economics; scarcity and choice; demand, supply, and market equilibrium; household behavior and consumer choice; the production process; short-run and long-run costs and output decisions; input demand; monopoly and antitrust policy; oligopoly; social choice; income distribution and poverty; and public finance.An excellent resource for economists; this handy book can serve those in business, as an understanding of basic economics will prove helpful in any venture.

Table of Contents

Principles of Microeconomics
Introduction to Economics
The Scope and Method of Economics
How to Read and Understand Graphs
The Economic Problem: Scarcity and Choice
The Structure of the Canadian Economy: The Private, Public, and International Sectors
Demand, Supply, and Market Equilibrium
The Simple Mathematics of Demand and Supply
The Price System, Supply and Demand, and Elasticity
Foundation of Microeconomics: Consumers and Firms
Household Behaviour and Consumer Choice
The Behaviour of Profit-Maximizing Firms and the Production Process
From Technology and Factor Prices to Cost: Isoquants and Isocosts
Short-Run Costs and Output Decisions
Cost and Output Decisions in the Long Run
External Economies and Diseconomies and the Long-Run Industry Supply Curve
Input Demand: The Labour and Land Markets
The Capital Market and the Investment Decision
Calculating Present Value
General Equilibrium and the Efficiency of Perfect Competition
Market Imperfections and the Role of Government
Monopoly
Monopolistic Competition and Oligopoly
Competition Policy and Regulation in Canada
Externalities, Public Goods, Imperfect Information, and Social Choice
Income Distribution and Poverty
Current Microeconomic Issues
Public Finance: The Economics of Taxation
The Economics of Labour Markets and Labour Unions
Current Problems in Applied Microeconomics: Health Care and Immigration
The Global Economy
International Trade, Comparative Advantage, and Protectionism
Economic Growth in Developing Countries
Marxian Economics
Principles of Macroeconomics
Introduction to Economics
The Scope and Method of Economics
How to Read and Understand Graphs
The Economic Problem: Scarcity and Choice
The Structure of the Canadian Economy: The Private, Public, and International Sectors
Demand, Supply, and Market Equilibrium
The Simple Mathematics of Demand and Supply Functions
The Price System and Supply and Demand
Concepts and Problems in Macroeconomics
Introduction to Macroeconomics
Measuring National Output, National Income, and the Price Level
Macroeconomic Problems: Unemployment and Inflation
Macroeconomic Principles and Policy
Aggregate Expenditure and Equilibrium Output
Deriving the Multiplier Algebraically
The Government and Fiscal Policy
Deriving the Fiscal Policy Multipliers Algebraically (with neither Taxes nor Imports Depending on Income)
The Case in which Tax Revenues (but not Imports) Depend on Income
The Case in which Imports (but not Tax Revenues) Depend on Income
The Money Supply and the Bank of Canada
Deriving the Money Multiplier Algebraically
Money Demand, Interest Rates, Exchange Rates, and Monetary Policy
The Various Interest Rates in the Canadian Economy
Macroeconomic Analysis and Issues
Money, the Interest Rate, and Output: Analysis and Policy
Aggregate Demand, Aggregate Supply, and Inflation
The Labour Market, Unemployment, and Inflation
The Debt and Stabilization Policy
Household and Firm Behaviour in the Macroeconomy
Macroeconomic Policy: A Closer Look
Issues in Macroeconomic Policy: Monetarism, New Classical Theory, and Supply-Side Economics
Economic Growth and Productivity
The Global Economy
International Trade, Comparative Advantage, and Protectionism
Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
Economic Growth in Developing Countries
Marxian Economics
Table of Contents provided by Publisher. All Rights Reserved.


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