Microeconomics [Rental Edition]

by Hubbard, Glenn

• ISBN13: 9780135952825
• ISBN10: 0135952824
• Additional ISBN(s): 9780134737508, 9780135952986, 9780138101121
• Edition: 8th
• Format: Paperback
• Copyright: 2020-02-21
• Publisher: Pearson Rental Program
• More Book Details
• Purchase Benefits

About This Book

Microeconomics, 8th Edition

Microeconomics, 8th Edition, is a comprehensive textbook designed for undergraduate students studying microeconomic principles. It's a go-to resource for students and educators alike, offering a detailed exploration of microeconomic concepts and their applications in real-world scenarios.

Who Uses It?

Primarily, this book is used by students and instructors in introductory microeconomics courses at the college and university levels. It's also a valuable resource for anyone interested in understanding the basics of microeconomics, including professionals looking to refresh their knowledge or expand their understanding of economic principles.

History and Editions

The 8th edition of Microeconomics has been updated to address user feedback, incorporating the latest research and discussions on economic models and market systems. This edition includes detailed updates on trade-offs, comparative advantage, and the market system, as well as appendices on using graphs and formulas. It also addresses issues related to labor markets, public choice, and the distribution of income.

Author and Other Works

R. Glenn Hubbard and Anthony Patrick O'Brien are the authors of Microeconomics. R. Glenn Hubbard is known for his expertise in economics and his ability to explain complex concepts clearly and simply. Anthony Patrick O'Brien brings his experience in teaching economics to the text, ensuring that it remains current and relevant. Both authors have written other notable economics texts that are widely used in educational settings.

Key Features

• Comprehensive Coverage: The book covers core microeconomic concepts, including opportunity cost, trade-offs, scarcity, and demand and supply.
• Real-World Applications: The text demonstrates how real businesses apply microeconomic principles to make decisions every day.
• Interactive Tools: The eTextbook version includes study tools such as search, highlight, and note features, as well as the option to create flashcards.
• Tailored Feedback: The book provides tailored feedback on assignments through Pearson+ eTextbook with study tools.
• Real-Time Analytics: It offers real-time analytics and insights to help students track their progress.

Detailed Information

ISBNs and Formats

• Paperback Rental Edition: ISBN-13: 9780135952825
• eTextbook Rental Edition: Instant access to eTextbook with search, highlight, and note features (available through Pearson+)
• Print Text Rental: Fulfilled by eCampus.com with the option to keep after rental expires

Publication Details

• Publisher: Pearson
• Publication Date: February 21, 2020
• Number of Pages: 688 pages
• Language: English
• Item Weight: 2.7 lbs
• Dimensions: 10" x 0.5" x 8"

Other Editions and Formats

• Hardcover Edition: Not available for this specific ISBN
• eTextbook Rental Edition: Available through Pearson+ with interactive course-specific content
• Related ISBNs:
• 9780136713876 (8th edition, print text)
• 0135952824 (10th edition, paperback)
• 0135952824 (10th edition, paperback) - Note: This is a duplicate entry; ensure accuracy in listing ISBNs.

This detailed information section provides a quick reference for all the available formats and sources for Microeconomics, 8th Edition, making it easier to find and access the book in the preferred format.

Author Biography

Glenn Hubbard, policymaker, professor, and researcher. Hubbard is dean emeritus and Russell L. Carson Professor of Finance and Economics in the Graduate School of Business at Columbia University and professor of economics in Columbia’s Faculty of Arts and Sciences. He is also a research associate of the National Bureau of Economic Research and a director of Automatic Data Processing, Black Rock Fixed-Income Funds, and MetLife. He received a PhD in economics from Harvard University in 1983. From 2001 to 2003, he served as chair of the White House Council of Economic Advisers and chair of the OECD Economic Policy Committee, and from 1991 to 1993, he was deputy assistant secretary of the US Treasury Department. He currently serves as co-chair of the nonpartisan Committee on Capital Markets Regulation. Hubbard’s fields of specialization are public economics, financial markets and institutions, corporate finance, macroeconomics, industrial organization, and public policy. He is the author of more than 100 articles in leading journals, including American Economic Review; Brookings Papers on Economic Activity; Journal of Finance; Journal of Financial Economics; Journal of Money, Credit, and Banking; Journal of Political Economy; Journal of Public Economics; Quarterly Journal of Economics; RAND Journal of Economics; and Review of Economics and Statistics. His research has been supported by grants from the National Science Foundation, the National Bureau of Economic Research, and numerous private foundations.

 

Tony O’Brien, award-winning professor and researcher. O’Brien is a professor of economics at Lehigh University. He received a PhD from the University of California, Berkeley, in 1987. He has taught principles of economics for more than 20 years, in both large sections and small honors classes. He received the Lehigh University Award for Distinguished Teaching. He was formerly the director of the Diamond Center for Economic Education and was named a Dana Foundation Faculty Fellow and Lehigh Class of 1961 Professor of Economics. He has been a visiting professor at the University of California, Santa Barbara, and the Graduate School of Industrial Administration at Carnegie Mellon University. O’Brien’s research has dealt with issues such as the evolution of the US automobile industry, the sources of US economic competitiveness, the development of US trade policy, the causes of the Great Depression, and the causes of black–white income differences. His research has been published in leading journals, including American Economic Review; Quarterly Journal of Economics; Journal of Money, Credit, and Banking; Industrial Relations; Journal of Economic History; and Explorations in Economic History. His research has been supported by grants from government agencies and private foundations.

Table of Contents

PART 1: INTRODUCTION

1. Economics: Foundations and Models

     Appendix: Using Graphs and Formulas

2. Trade-offs, Comparative Advantage, and the Market System

3. Where Prices Come From: The Interaction of Demand and Supply

4. Economic Efficiency, Government Price Setting, and Taxes

     Appendix: Quantitative Demand and Supply Analysis

 

PART 2: MARKETS IN ACTION: POLICY AND APPLICATIONS

5. Externalities, Environmental Policy, and Public Goods

6. Elasticity: The Responsiveness of Demand and Supply

7. The Economics of Health Care

 

PART 3: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES

8. Firms, the Stock Market, and Corporate Governance

     Appendix: Present Value  

     Online Appendix: Tools to Analyze Firms’ Financial Information

9. Comparative Advantage and the Gains from International Trade

 

PART 4: MICROECONOMIC FOUNDATIONS: CONSUMERS AND FIRMS

10. Consumer Choice and Behavioral Economics

     Appendix: Using Indifference Curves and Budget Lines to Understand Consumer Behavior

11. Technology, Production, and Costs

     Online Appendix: Using Isoquants and Isocost Lines to Understand Production and Cost  

 

PART 5: MARKET STRUCTURE AND FIRM STRATEGY

12. Firms in Perfectly Competitive Markets

13. Monopolistic Competition: The Competitive Model in a More Realistic Setting

14. Oligopoly: Firms in Less Competitive Markets

15. Monopoly and Antitrust Policy  

 

PART 6: LABOR MARKETS, PUBLIC CHOICE, AND THE DISTRIBUTION OF INCOME

16. The Markets for Labor and Other Factors of Production

17. Public Choice, Taxes, and the Distribution of Income