Microeconomics / Edition 4by David Besanko, Ronald Braeutigam
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… See more details below
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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Table of ContentsAN INTRODUCTION TO ECONOMICS. PART ONE: ECONOMICS: THE SCIENCE OF SCARCITY. 1. What Economics is About. Appendix A: Working with Diagrams. 2. Trade, Tradeoffs, and Economics Systems. 3. Supply, Demand, and Price: The Theory. 4. Applications of Supply and Demand: Explaining and Predicting Market and Nonmarket Behavior. MICROECONOMICS. PART TWO: MICROECONOMIC FUNDAMENTALS. 5. Elasticity. 6. The Logic of Consumer Choice. Appendix B: Budget Constraint and Indifference Curve Analysis. 7. The Firm. 8. Production and Costs. PART THREE: PRODUCT MARKETS AND POLICIES. 9. Perfect Competition. 10. Monopoly. 11. Monopolistic Competition and Oligopoly. 12. Government and Product Markets: Antitrust and Regulation. 13. Agriculture: Farmers' Problems, Government Policies, and Unintended Effects. PART FOUR: FACTOR MARKETS AND RELATED ISSUES. 14. Factor Markets: With Emphasis on the Labor Market. 15. Wages, Unions, and Labor. 16. The Distribution of Income and Poverty. 17. Interest, Rent, and Profit. PART FIVE: MARKET FAILURE AND PUBLIC CHOICE. 18. Market Failure: Externalities, Public Goods, and Asymmetric Information. 19. Public Choice: Economic Theory Applied to Politics. THE WORLD ECONOMY. PART SIX: INTERNATIONAL ECONOMICS: THEORY AND POLICY. 20. International Trade. 21. International Finance. 22. International Economic Development.
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