Student Value Edition for Microeconomics plus MyEconLab plus eText 1-semester Student Access Kit

by Parkin, Michael

• ISBN13: 9780321487704
• ISBN10: 0321487702
• Edition: 8th
• Format: Loose-leaf
• Copyright: 2008-01-01
• Publisher: Prentice Hall
• More Book Details
• Purchase Benefits

Summary

Microeconomicsprovides a serious, analytical approach to the discipline by introducing the main ideas and then developing those ideas with the latest research, policy, and data. The result is that readers learn to apply economics the way real economists do, by evaluating the decisions in their personal and professional lives. Introduction:What Is Economics?; The Economic Problem.How Markets Work:Demand and Supply; Elasticity; Efficiency and Equity; Markets in Action.Households'Choices:Utility and Demand; Possibilities, Preferences, and Choices.Firms and Markets:Organizing Production; Output and Costs;Perfect Competition; Monopoly; Monopolistic Competition and Oligopoly.Market Failure and Government:Regulation and Antitrust Law; Externalities; Public Goods and Common Resources.Factor Markets, Inequality, and Uncertainty:Demand and Supply in Factor Markets; Economic Inequality; Uncertainty and Information.The Global Economy:Trading with the World. For all readers interested in microeconomics.

Table of Contents

I. INTRODUCTION 1. What Is Economics? 2. The Economic Problem II. HOW MARKETS WORK 3. Demand and Supply 4. Elasticity 5. Efficiency and Equity 6. Markets in Action III. HOUSEHOLDS' CHOICES 7. Utility and Demand 8. Possibilities, Preferences, and Choices IV. FIRMS AND MARKETS 9. Organizing Production 10. Output and Costs 11. Perfect Competition 12. Monopoly 13. Monopolistic Competition and Oligopoly V. MARKET FAILURE AND GOVERNMENT 14. Regulation and Antitrust Law 15. Externalities 16. Public Goods and Common Resources VI. FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY 17. Demand and Supply in Factor Markets 18. Economic Inequality 19. Uncertainty and Information VII. THE GLOBAL ECONOMY 20. Trading with the World