Exploring Microeconomics / Edition 5

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Overview

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.

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Editorial Reviews

From the Publisher

"The readability of the Sexton text was its most striking feature and was the main reason my department adopted the text."
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Product Details

  • ISBN-13: 9781439040508
  • Publisher: Cengage Learning
  • Publication date: 1/13/2010
  • Series: Available Titles CourseMate Series
  • Edition description: Older Edition
  • Edition number: 5
  • Pages: 672
  • Product dimensions: 8.40 (w) x 10.80 (h) x 0.90 (d)

Meet the Author

A distinguished professor of economics at Pepperdine University's Seaver College, Robert Sexton is a graduate of California Lutheran College and received his M.A. and Ph.D. degrees from the University of Colorado. Dr. Sexton writes frequently for economic and business journals and is the author of nine books on economics, including his newly released EXPLORING ECONOMICS and Survey of ECON published by South-Western/Cengage Learning. His research spans American economic history, economic policy analysis, statutes and enforcement costs, public choice, regional economics, migration, and economic education. Professor Sexton has been a visiting professor at UCLA and was Pepperdine's 1991 Professor of the Year. His professional achievements have been recognized with the Howard A. White Memorial Teaching Award, the Luckman Distinguished Teaching Fellowship, and multiple Merit Acceleration Awards for excellence in teaching and research.

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Table of Contents

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.

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