Foundations of Microeconomics / Edition 4

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Overview

ALERT:¿Before you purchase, check with your instructor or review your course syllabus to ensure that you¿select the correct ISBN. Several versions of Pearson's MyLab & Mastering products exist for each title, including customized versions for individual schools, and registrations are not transferable. In addition,¿you may need a CourseID, provided by your instructor, to register for and use Pearson's MyLab & Mastering products.

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For Principles of Microeconomics courses at two- and four-year colleges and universities

A practice-oriented learning system that breaks the traditional textbook mold

To help students focus on the most important concepts–and effectively practice application of those concepts–Foundations of Microeconomics is structured around a Checklist/Checkpoint system. The result is a patient, confidence-building program that prepares students to use economics in their everyday lives, regardless of what their future career will be.
¿
This program provides a better teaching and learning experience–for you and your students. It will help you to:

Personalize learning with MyEconLab: This online homework, tutorial, and assessment program engages students in learning and provides instructors tools to keep students on track.
Encourage students to learn by doing: A Checklist/Checkpoint system provides a practice-oriented framework that enables active learning.
Command student attention and foster interest in the course: Engaging features draw students into the material, and keep them focused throughout the course.
Provide engaging, fully updated content: New and updated material on contemporary topics better motivates students to discover the economic way of thinking.

This package contains:
¿¿¿¿ ¿¿¿¿• 013347710X / 9780133477108:¿ Foundations of Microeconomics, 7/e
¿¿¿¿ ¿¿¿¿• 0133485684 / 9780133485684:¿ MyEconLab with Pearson eText Access Card for Foundations of Microeconomics, 7/e
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Product Details

  • ISBN-13: 9780321522504
  • Publisher: Prentice Hall
  • Publication date: 2/1/2008
  • Edition description: Older Edition
  • Edition number: 4
  • Pages: 608
  • Product dimensions: 8.40 (w) x 9.90 (h) x 0.80 (d)

Meet the Author

Robin Bade was an undergraduate at the University of Queensland, Australia, where she earned degrees in mathematics and economics. After a spell teaching high school math and physics, she enrolled in the PhD program at the Australian National University, from which she graduated in 1970. She has held faculty appointments at the University of Edinburgh in Scotland, at Bond University in Australia, and at the Universities of Manitoba, Toronto, and Western Ontario in Canada. Her research on international capital flows appeared in the International Economic Review and the Economic Record.

Robin first taught the principles of economics course in 1970 and has taught it (alongside intermediate macroeconomics and international trade and finance) most years since then. She developed many of the ideas found in this text while conducting tutorials with her students at the University of Western Ontario.

Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a BA from the University of Leicester. He learned the subject on the job at the University of Essex, England’s most exciting new university of the 9160s, and at the age of 30 became one of the youngest full professors. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics. His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking. He is the author of the best-selling Addison-Wesley textbook, Economics.

Robin and Michael are a wife-and-husband duo. Their most notable joint research created the Bade-Parkin Index of central bank independence and spawned a vast amount of research on that topic. They don’t claim credit for the independence of the new European Central Bank, but its constitution and the movement toward greater independence of central banks around the world were aided by their pioneering work. They are dedicated to the challenge of explaining economics ever more clearly to an ever-growing body of students.

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Table of Contents

I. INTRODUCTION.

1. Getting Started
Appendix: Making and Using Graphs.
2. The U.S. Economy.
3. The Economic Problem.
4. Demand and Supply.

II. A CLOSER LOOK AT MARKETS.

5. Elasticities of Demand and Supply.
6. Efficiency and Fairness of Markets.

III. HOW GOVERNMENTS INFLUENCE THE ECONOMY.

7. Government Influences on Markets.
8. Taxes.
9. Externalities.
10. Public Goods and Common Resources.

IV. A CLOSER LOOK AT DECISION MAKERS.

11. Consumer Choice and Demand.
Appendix. Indifference Curves.
12. Production and Cost.

V. PRICES, PROFITS, AND INDUSTRY PERFORMANCE.

13. Perfect Competition.
14. Monopoly.
15. Monopolistic Competition.
16. Oligopoly.
17. Regulation and Antitrust Law.

VI. HOW INCOMES ARE DETERMINED.

19. Demand and Supply in Factor Markets.
20. Inequality and Redistribution.

VII. MONITORING THE MACROECONOMY.

21. GDP and the Standard of Living.
22. Jobs and Unemployment.
23. The CPI and the Cost of Living.

VIII. THE REAL ECONOMY.

24. AS-AD and Potential GDP.
25. Investment and Saving.
26. Economic Growth.

IX. THE MONEY ECONOMY.

27. Money and the Monetary System.
28. Money Creation and Control.
29. Money, Interest, and Inflation.

X. ECONOMIC FLUCTUATIONS.

30. AS-AD and the Business Cycle.
31. Aggregate Expenditure.
32. Fiscal and Monetary Policy Effects.
33. The Short-Run Policy Tradeoff.
34. Fiscal and Monetary Policy Debates.

XI. THE GLOBAL ECONOMY.

35. International Trade.
36. International Finance.
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