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"The readability of the Sexton text was its most striking feature and was the main reason my department adopted the text."
EXPLORING MICROECONOMICS, Fifth Edition, was designed specifically to promote microeconomic literacy and help students appreciate how microeconomics affects their everyday lives. This engaging text combines innovative learning tools, a visually appealing design, and captivating content to help students easily absorb information and master key concepts. Packed with examples from current events and pop culture, EXPLORING MICROECONOMICS succeeds like no other book in conveying the excitement and real-world relevance of microeconomics.
Part I INTRODUCTION. 1 The Role and Method of Economics. Appendix: Working With Graphs. 2 The Economic Way of Thinking. 3 Scarcity, Trade-Off, and Production Possibilities. Part II SUPPLY AND DEMAND. 4 Supply and Demand. 5 Bringing Supply and Demand Together. 6 Elasticities. Part III MARKET EFFCIENCY, MARKET FAILURE, AND THE PUBLIC SECTOR. 7 Market Efficiency and Welfare. 8 Market Failure. 9 Public Sector and Public Choice. Part IV HOUSEHOLDS AND MARKET STRUCTURE. 10 Consumer Choice Theory. Appendix: Indifference Curve Analysis. 11 The Firm: Production and Costs. 12 Firms in Perfectly Competitive Markets. 13 Monopoly and Antitrust. 14 Monopolistic Competition and Product Differentiation. 15 Oligopoly and Strategic Behavior. Part V INPUT MARKETS AND MICROECONOMIC POLICY ISSUES. 16 The Markets for Labor, Capital, and Land. 17 Income and Poverty. 18 The Environment. 19 Health Care. Part VI THE GLOBAL ECONOMY. 20 International Trade. 21 International Finance.