Microeconomics / Edition 10

by Michael Parkin

Overview

Second Edition.The core of the principles course has been around for more than 100 years, and other important elements, especially part of the theory of the firm and Keynesian macro-economics, have been with us for more than 50 years. But economics has also been developing and changing rapidly during the past few decades. All principles texts pay some attention to these more recent developments, but none has succeeded in integrating the new and traditional. My goal has been to incorporate new ideas-game theory, the modern theory of the firm, information, and public choice-into the body of timeless principles.

Product Details

ISBN-13:	9780131394254
Publisher:	Prentice Hall
Publication date:	12/28/2010
Edition description:	Older Edition
Pages:	552
Product dimensions:	8.40(w) x 10.80(h) x 0.70(d)

About the Author

Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a B.A. from the University of Leicester. 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.

Table of Contents

I. THE SCOPE OF ECONOMICS.

1. What Is Economics?
2. Making and Using Graphs.
3. The Economic Problem.

II. How Markets Work.

4. Demand and Supply.
5. Elasticity.
6. Efficiency and Equity.
7. Markets in Action.

III. HOUSEHOLDS' CHOICES.

8. Utility and Demand.
9. Possibilities, Preferences, and Choices.

IV. FIRMS AND MARKETS.

10. Organizing Production.
11. Output and Costs.
12. Perfect Competition.
13. Monopoly.
14. Monopolistic Competition and Oligopoly.

V. RESOURCE MARKETS.

15. Demand and Supply in Resource Markets.
16. Labor Markets.
17. Inequality, Redistribution, and Health Care.

VI. MARKET FAILURE AND GOVERNMENT.

18. Market Failure and Public Choice.
19. Regulation and Antitrust Law.
20. Externalities, The Environment, and Knowledge.
21. Uncertainty and Information.

VII. THE THEMES OF MACROECONOMICS.

22. A First Look at Macroeconomics.
23. Measuring GDP, Economic Growth, and Inflation.
24. Measuring Employment and Unemployment.
25. Aggregate Supplyand Aggregate Demand.

VIII. Aggregate Supply and Economic Growth.

26. The Economy at Full Employment.
27. Capital, Investment, and Saving.
28. Economic Growth.

IX. AGGREGATE DEMAND AND INFLATION.

29. Expenditure Multipliers.
30. Fiscal Policy.
31. Money.
32. Monetary Policy.
33. Inflation.

X. Stabilization Problems and Policies.

34. The Business Cycle.
35. Macroeconomic Policy Challenges.

XI. THE GLOBAL ECONOMY.

36. Trading with the World.
37. International Finance

Editorial Reviews

A standard macroeconomics text, revised to change the balance of the coverage of national income accounting, giving greater prominence to a discussion of the validity of the GDP as a measure of economic well- being; to simplify and streamline the initial presentation of the aggregate demand-aggregate supply model; and to give enhanced prominence to the role of financial deregulation in the macroeconomy. The coverage of economies in transition provides a framework for understanding events in Eastern Europe, the former Soviet Union, and China as these countries change their economic systems and open their markets to international influences. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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