Microeconomics

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Offering a unique blend of solid theoretical content and student accessibility, this text stands apart with its emphasis on intriguing applications that convey the prevalence of economics in everyday life. By applying economics to phenomenon that students are familiar with and interested in, this book demonstrates like no other text how economic analysis can be applied to virtually anything of interest, thus helping students develop true economic intuition. Additional student-oriented features include a unique ...
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2002 Unabridged. New. 37 p.

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Overview

Offering a unique blend of solid theoretical content and student accessibility, this text stands apart with its emphasis on intriguing applications that convey the prevalence of economics in everyday life. By applying economics to phenomenon that students are familiar with and interested in, this book demonstrates like no other text how economic analysis can be applied to virtually anything of interest, thus helping students develop true economic intuition. Additional student-oriented features include a unique active-learning format, an emphasis on developing economic analysis skills, and an outstanding visual program for exhibits and graphs. Content highlights include balanced presentation of major macro theories; a micro presentation that centers around the trilogy of objectives, constraints, and choices; thorough integration of international topics; and fully-integrated Internet features that offer hands-on exercises foe exploring economics on-line. Microeconomics, 5e is also available in a macro split and both micro/macro are in the principles text.
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Product Details

  • ISBN-13: 9780072340372
  • Publisher: McGraw-Hill Companies, The
  • Publication date: 7/19/2001
  • Edition description: Older Edition
  • Edition number: 15
  • Pages: 624
  • Product dimensions: 8.14 (w) x 9.74 (h) x 0.70 (d)

Table of Contents

Preface
Contributors
1 The Nature and Method of Economics 1
2 The Economizing Problem 21
3 Understanding Individual Markets: Demand and Supply 39
4 Pure Capitalism and the Market System 58
5 The Mixed Economy: Private and Public Sectors 74
6 The United States in the Global Economy 96
7 Demand and Supply: Elasticities and Applications 119
8 Consumer Behavior and Utility Maximization 138
9 The Costs of Production 156
10 Price and Output Determination: Pure Competition 177
11 Price and Output Determination: Pure Monopoly 204
12 Price and Output Determination: Monopolistic Competition 226
13 Price and Output Determination: Oligopoly 240
14 Production and the Demand for Resources 261
15 The Pricing and Employment of Resources: Wage Determination 278
16 The Pricing and Employment of Resources: Rent, Interest, and Profits 299
17 Government and Market Failure: Public Goods, the Environment, and Information Problems 315
18 Public Choice Theory and Taxation 338
19 Antitrust, Regulation, and Industrial Policy 359
20 Agriculture: Economics and Policy 380
21 Income Inequality and Poverty 398
22 The Economics of Health Care 418
23 Labor Market Issues: Unionism, Discrimination, and Immigration 436
24 International Trade 457
25 Exchange Rates, the Balance of Payments, and Trade Deficits 481
26 Russia: An Economy in Transition 508
Answers to Key Questions A-1
Glossary G-1
Index I-1
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