Principles of Microeconomics, activebook 1.0

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

• ISBN13: 9780130648471
• ISBN10: 0130648477
• Edition: Workbook
• Format: Paperback
• Copyright: 2002-01-01
• 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

I. INTRODUCTION TO ECONOMICS.

1. The Scope and Method of Economics.
2. The Economic Problem: Scarcity and Choice.
3. Demand, Supply, and Market Equilibrium.
4. The Price System, Demand and Supply, and Elasticity.

II. FOUNDATIONS OF MICROECONOMICS: CONSUMERS AND FIRMS.

5. Household Behavior and Consumer Choice.
6. The Production Process: The Behavior of Profit Maximizing Firms.
7. Short-Run Costs and Output Decisions.
8. Costs and Output Decisions in the Long Run.
9. Input Demand: The Labor and Land Markets.
10. Input Demand: The Capital Market and the Investment Decision.
11. General Equilibrium and the Efficiency of Perfect Competition.

III. MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT.

12. Monopoly and Antitrust Policy.
13. Monopolistic Competition and Oligopoly.
14. Externalities, Public Goods, Imperfect Information, and Social Choice.
15. Income Distribution and Poverty.

IV. THE WORLD ECONOMY.

16. International Trade, Comparative Advantage, and Protectionism.
17. Economic Growth in Developing and Transitional Economies.
Glossary of Terms.
Solutions to Even-Numbered Problems.