Principles of Microeconomics

by Case, Karl E.; Fair, Ray C.

• ISBN13: 9780130957252
• ISBN10: 0130957259
• Edition: 5th
• Format: Paperback
• Copyright: 1998-06-01
• Publisher: Pearson College Div

Summary

Case and Fair is the trusted Microeconomics text that teaches students through stories, graphs, and equations...and now, a new&emphasis on excellence in assessment. & These two highly-respected economists and educators have revised this best-selling Microeconomics book to include more current topics and events while maintaining its hallmark feature of teaching economics through stories, graphs, and equations; relevant to students with various learning styles (verbal, visual, and numerical).

Table of Contents

INTRODUCTION
PART 1: Introduction to Economics	1	(126)
The Scope and Method of Economics	1	(24)
The Economic Problem: Scarcity and Choice	25	(20)
The Structure of the U.S. Economy: The Private, Public, and International Sectors	45	(22)
Demand, Supply, and Market Equilibrium	67	(30)
The Price System, Supply and Demand, and Elasticity	97	(30)
MICROECONOMICS
PART 2: Foundations of Microeconomics: Consumers and Firms	127	(170)
Household Behavior and Consumer Choice	127	(32)
The Production Process: The Behavior of Profit-Maximizing Firms	159	(24)
Short-Run Costs and Output Decisions	183	(24)
Costs and Output Decisions in the Long Run	207	(26)
Input Demand: The Labor and Land Markets	233	(20)
Input Demand: The Capital Market and the Investment Decision	253	(20)
General Equilibrium and the Efficiency of Perfect Competition	273	(24)
PART 3: Market Imperfections and the Role of Government	297	(132)
Monopoly	297	(26)
Monopolistic Competition and Oligopoly	323	(24)
Antitrust Policy and Regulation	347	(26)
Externalities, Public Goods, Imperfect Information, and Social Choice	373	(30)
Income Distribution and Poverty	403	(26)
PART 4: Current Microeconomic Issues	429
Public Finance: The Economics of Taxation	429
The Economics of Labor Markets and Labor Unions	451
Current Topics in Applied Microeconomics: Health Care, Immigration, and Urban Problems	475
INTERNATIONAL ECONOMICS
International Trade, Comparative Advantage, and Protectionism	497
Economic Growth in Developing Nations	519
Economies in Transition and Alternative Economic Systems	541
Concise Dictionary of Economic Terminology	D-1
Solutions to Even-Numbered Problems	S-1
Index	I-1