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Microeconomics: Principles and Applications / Edition 5
     

Microeconomics: Principles and Applications / Edition 5

by Robert E. Hall, Marc Lieberman
 

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ISBN-10: 143903897X

ISBN-13: 9781439038970

Pub. Date: 11/24/2009

Publisher: Cengage Learning

Microeconomics: Principles and Applications provides a lively, rigorous introduction to basic economic theory and its applications. It has been carefully crafted in terms of both content and supporting pedagogy to keep students focused on learning and applying the central ideas used in economic analysis. Its objective is to be a study tool for students and a

Overview

Microeconomics: Principles and Applications provides a lively, rigorous introduction to basic economic theory and its applications. It has been carefully crafted in terms of both content and supporting pedagogy to keep students focused on learning and applying the central ideas used in economic analysis. Its objective is to be a study tool for students and a complement to, rather than a substitute for the instructor. Pedagogy and applications are designed to maintain a focus on the fundamentals while allowing instructors the flexibility to bring in additional material as they choose. In-text Internet links and a dedicated Web site provide opportunities and exercises for students to access and analyze additional real-world economic applications. This text is available in combined micro/macro hardcover and in softcover split versions.

Product Details

ISBN-13:
9781439038970
Publisher:
Cengage Learning
Publication date:
11/24/2009
Series:
Available Titles Aplia Series
Edition description:
Older Edition
Pages:
552
Product dimensions:
8.50(w) x 9.90(h) x 0.70(d)

Table of Contents

PART I: PRELIMINARIES. 1. What Is Economics? 2. Scarcity, Choice and Economic Systems. 3. Supply and Demand. 4. Working with Supply and Demand. PART II: MICROECONOMIC DECISION-MAKERS. 5. Consumer Choice. 6. Production and Cost. 7. How Firms Make Decisions: Profit Maximization. PART III: PRODUCT MARKETS. 8. Perfect Competition. 9. Monopoly. 10. Monopolistic Competition and Oligopoly. PART IV. LABOR, CAPITAL AND FINANCIAL MARKETS. 11. The Labor Market. 12. Income Inequality. 13. Capital and Financial Markets. PART V: EFFICIENCY, GOVERNMENT, AND THE GLOBAL ECONOMY. 14. Economic Efficiency and the Competitive Ideal. 15. Government's Role in Economic Efficiency. 16. Comparative Advantage and the Gains from Trade. USING ALL THE THEORY. The Microeconomics of Online Retailing.

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