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Economics is a subject you learn by doing. Foundations of Microeconomics breaks the mold of a traditional text and becomes a practice-oriented learning system. Each chapter uses a Checklist to focus readers' attention on the most important key concepts. A discrete section introduces each of these core concepts and is immediately followed by a Checkpoint, a full page of practice that applies the concept. The result is a patient, confidence-building approach that prepares readers to use economics in their lives, regardless of what their future career will be.
Introduction: Getting Started; The U.S. and Global Economies; The Economic Problem; Demand and Supply. A Closer Look at Markets: Elasticities of Demand and Supply; Efficiency and Fairness of Markets. How Governments Influence the Economy: Markets in Action; Taxes; Global Markets in Action; Externalities; Public Goods and Common Resources. A Closer Look at Decision Makers: Consumer Choice and Demand; Production and Cost. Prices, Profits, and Industry Performance: Perfect Competition; Monopoly; Monopolistic Competition; Oligopoly. Incomes, Uncertainty, and Inequality: Demand and Supply in Factor Markets; Uncertainty and Information; Inequality and Poverty.
For all readers interested in microeconomics.
Part 1 Introduction
Chapter 1 Getting Started Chapter 2 The U.S. and Global Economies Chapter 3 The Economic Problem Chapter 4 Demand and Supply
Part 2 A Closer Look at Markets
Chapter 5 Elasticities of Demand and Supply Chapter 6 Efficiency and Fairness of Markets
Part 3 How Governments Influence the Economy
Chapter 7 Markets in Action Chapter 8 Taxes Chapter 9 Global Markets in Action Chapter 10 Externalities Chapter 11 Public Goods and Common Resources
Part 4 A Closer Look at Decision Makers
Chapter 12 Consumer Choice and Demand Chapter 13 Production and Cost
Part 5 Prices, Profits, and Industry Performance
Chapter 14 Perfect Competition Chapter 15 Monopoly Chapter 16 Monopolistic Competition Chapter 17 Oligopoly
Part 6 Incomes, Uncertainty, and Inequality
Chapter 18 Demand and Supply in Factor Markets Chapter 19 Uncertainty and Information Chapter 20 Inequality and Poverty
Posted July 18, 2009
The book is expensive, but it is very good. MicroEcon, concepts are up to date. Moreover, I love the glossy pages and beautiful pictures. Overall, excellent textbook!Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.