Microeconomics : Principles, Problems, and Policies

by McConnell, Campbell R.; Brue, Stanley L.

• ISBN13: 9780072898408
• ISBN10: 0072898402
• Edition: 14TH
• Format: Paperback
• Copyright: 1998-07-01
• Publisher: McGraw-Hill College

Summary

Throughout DiscoverEcon you will notice expanded exercises, interactive graphs, and tutorials. You will also notice 25 new videos hosted by Paul Solman, Economics Correspondent for The Lehrer NewsHour on PBS. Solman developed these videos on DVD specifically for Principles of Economics to further illustrate and reinforce basic economic concepts from the text. These videos are linked to DiscoverEcon topics to let you view the videos as you work through each DiscoverEcon chapter. Book jacket.

Author Biography

Campbell R. McConnell: University of Nebraska Stanley L. Brue: Pacific Lutheran University

Table of Contents

List of Key Graphs	xvi
Preface	xvii
Contributors	xxiii
PART 1 AN INTRODUCTION TO ECONOMICS AND THE ECONOMY
To the Student	2	(1)
The Nature and Method of Economics	3	(19)
The Economizing Problem	22	(20)
Understanding Individual Markets: Demand and Supply	42	(19)
Pure Capitalism and the Market System	61	(16)
The Mixed Economy: Private and Public Sectors	77	(23)
The United States in the Global Economy	100	(24)
PART 2 MICROECONOMICS OF PRODUCT MARKETS
Demand and Supply: Elasticities and Applications	124	(20)
Consumer Behavior and Utility Maximization	144	(20)
The Costs of Production	164	(23)
Pure Competition	187	(26)
Pure Monopoly	213	(22)
Monopolistic Competition and Oligopoly	235	(26)
Technology, R&D, and Efficiency	261	(23)
PART 3 MICROECONOMICS OF RESOURCE MARKETS
The Demand for Resources	284	(17)
Wage Determination	301	(22)
Rent, Interest, and Profit	323	(17)
PART 4 MICROECONOMICS OF GOVERNMENT
Government and Market Failure: Public Goods, Externalities, and Information Problems	340	(23)
Public Choice Theory and Taxation	363	(21)
PART 5 MICROECONOMIC ISSUES AND POLICIES
Antitrust Policy and Regulation	384	(20)
Agriculture: Economics and Policy	404	(17)
Income Inequality and Poverty	421	(20)
The Economics of Health Care	441	(18)
Labor Market Issues: Unionism, Discrimination, Immigration	459	(25)
PART 6 INTERNATIONAL ECONOMICS AND THE WORLD ECONOMY
International Trade	484	(25)
Exchange Rates, The Balance of Payments, and Trade Deficits	509	(23)
Transition Economies: Russia and China	532
Glossary	G-1
Index	I-1