Microeconomics: Principles and Applications / Edition 3

Microeconomics: Principles and Applications / Edition 3

by Robert E. Hall, Marc Lieberman
     
 

ISBN-10: 0324260458

ISBN-13: 9780324260458

Pub. Date: 02/28/2004

Publisher: Cengage Learning

Because issues of policy and real applications are critical to the principles of economics course, acclaimed economists Hall and Lieberman have made the fourth edition of MICROECONOMICS: PRINCIPLES AND APPLICATIONS as current as today's headlines, giving students a real-world, up-to-the-minute overview that presents economics as a unified discipline. Taking a…  See more details below

Overview

Because issues of policy and real applications are critical to the principles of economics course, acclaimed economists Hall and Lieberman have made the fourth edition of MICROECONOMICS: PRINCIPLES AND APPLICATIONS as current as today's headlines, giving students a real-world, up-to-the-minute overview that presents economics as a unified discipline. Taking a no-nonsense, policy approach to economic theory and application, this comprehensive text is very accessible, equipping readers with a solid foundation in economics that they can build upon wherever their career paths may lead. A wealth of interactive online exercises, graphing applications, and research opportunities give students hands-on experience working with current economic issues. Hall and Lieberman's careful focus on core theoretical ideas and systematic application of theoretical tools to timely, practical questions conveys the message that economics is an integrated, powerful body of knowledge that can effectively address domestic and global issues.

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Product Details

ISBN-13:
9780324260458
Publisher:
Cengage Learning
Publication date:
02/28/2004
Edition description:
Older Edition
Pages:
320
Product dimensions:
8.40(w) x 10.80(h) x 0.60(d)

Table of Contents

PART I: PRELIMINARIES. 1. What Is Economics? 2. Scarcity, Choice and Economic Systems. 3. Supply and Demand. 4. Working with Supply and Demand. PART II: MICROECONOMIC DECISION-MAKERS. 5. Consumer Choice. 6. Production and Cost. 7. How Firms Make Decisions: Profit Maximization. PART III: PRODUCT MARKETS. 8. Perfect Competition. 9. Monopoly. 10. Monopolistic Competition and Oligopoly. PART IV. LABOR, CAPITAL AND FINANCIAL MARKETS. 11. The Labor Market. 12. Income Inequality. 13. Capital and Financial Markets. PART V: EFFICIENCY, GOVERNMENT, AND THE GLOBAL ECONOMY. 14. Economic Efficiency and the Competitive Ideal. 15. Government's Role in Economic Efficiency. 16. Comparative Advantage and the Gains from Trade. USING ALL THE THEORY. The Microeconomics of Online Retailing.

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