Microeconomics: A Version of Economics

Overview

For 50 years,the standard-bearer for elementary economics courses,this revision continues to be a clear,accurate,and interesting introduction to the modern economic principles. Bill Nordhaus is now the primary author of this classic text.
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Overview

For 50 years,the standard-bearer for elementary economics courses,this revision continues to be a clear,accurate,and interesting introduction to the modern economic principles. Bill Nordhaus is now the primary author of this classic text.
Read More Show Less

Product Details

  • ISBN-13: 9780070548787
  • Publisher: McGraw-Hill Companies, The
  • Publication date: 2/1/1989
  • Edition number: 13
  • Pages: 658

Table of Contents

A Note from the Publisher
A Golden Birthday
Preface
Economics and the Internet
Pt. 1 Basic Concepts 1
Ch. 1 The Fundamentals of Economics 3
Appendix 1 How to Read Graphs 18
Ch. 2 The Shifting Boundary between Markets and Government 25
Ch. 3 Basic Elements of Supply and Demand 43
Pt. 2 Microeconomics, Supply, Demand, and Product Markets 61
Ch. 4 Applications of Supply and Demand 63
Ch. 5 Demand and Consumer Behavior 80
Appendix 5 Geometrical Analysis of Consumer Equilibrium 96
Ch. 6 Production and Business Organization 102
Ch. 7 Analysis of Costs 115
Appendix 7 Production, Cost Theory, and Decisions of the Firm 132
Ch. 8 The Behavior of Perfectly Competitive Markets 137
Ch. 9 Imperfect Competition and Its Polar Case of Monopoly 154
Ch. 10 Oligopoly and Monopolistic Competition 170
Ch. 11 Uncertainty and Game Theory 188
Pt. 3 Factor Markets: Land, Labor, Capital, and Income Distribution 207
Ch. 12 How Markets Determine Incomes 209
Ch. 13 The Labor Market 225
Ch. 14 Land and Capital 248
Ch. 15 Markets and Economic Efficiency 265
Pt. 4 Government's Role in the Economy 279
Ch. 16 Government Taxation and Expenditure 281
Ch. 17 Curbing Market Power 303
Ch. 18 Protecting the Environment 322
Ch. 19 Efficiency vs. Equality: The Big Tradeoff 343
Pt. 5 International Trade and the World Economy 369
Ch. 20 International Trade and Exchange Rates 371
Ch. 21 Comparative Advantage and Protectionism 386
Ch. 22 Managing the Global Economy 410
Valediction 432
Glossary of Terms 435
Index 459
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