Study Guide for Arnold's Microeconomics / Edition 10

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Overview


Written and updated by the author, this Study Guide reinforces student learning with a list of key concepts and terms, review questions and problems, and short-answer exercises asking "what is wrong?" or "what has been overlooked?" Multiple-choice, true/false, and fill-in-the-blank practice questions are also included.
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Product Details

  • ISBN-13: 9780538479400
  • Publisher: Cengage Learning
  • Publication date: 11/4/2010
  • Edition description: New Edition
  • Edition number: 10
  • Pages: 304
  • Sales rank: 676,848
  • Product dimensions: 8.50 (w) x 10.80 (h) x 0.60 (d)

Meet the Author


Dr. Roger A. Arnold is Professor of Economics at California State University San Marcos, where his fields of specialization include general microeconomic theory and monetary theory. A widely respected authority on economic issues, Dr. Arnold is a regularly featured expert on talk radio discussing the state of the economy. He is also a proven author, who has written numerous academic articles, hundreds of newspaper columns, as well as the popular ECONOMICS: NEW WAYS OF THINKING and principles of macroeconomics supplementary text, HOW TO THINK LIKE AN ECONOMIST. Dr. Arnold has been a member of the economics faculty at California State University Northridge, University of Oklahoma, Hillsdale College, University of Nevada Las Vegas, and California State University San Marcos. He served as chair of the economics department for two years at University of Nevada Las Vegas and for seven years at California State University San Marcos. He is currently chair of the economics department at California State University San Marcos. During his tenure at UNLV he was regularly one of the top five finalists for the teacher of the year honor (in the College of Business and Economics), and in 1987 he received the best researcher of the year award. Dr. Arnold earned a B.S. in Economics in 1974 from the University of Birmingham in England and received his M.A. in 1976 and his Ph.D. in 1979 from Virginia Polytechnic Institute and State University.
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Table of Contents

Chapter 1 What Economics Is About 1

Chapter 2 Production Possibilities Frontier Framework 11

Chapter 3 Supply and Demand: Theory 19

Chapter 4 Prices: Free, Controlled, and Relative 30

Chapter 5 Supply, Demand and Price: Applications 38

Chapter 6 Elasticity 47

Chapter 7 Consumer Choice: Maximizing Utility and Behavioral Economics 56

Chapter 8 Production and Costs 64

Chapter 9 Perfect Competition 77

Chapter 10 Monopoly 88

Chapter 11 Monopolistic Competition, Oligopoly, and Game Theory 96

Chapter 12 Government and Product Markets: Antitrust and Regulation 105

Chapter 13 Factor Markets: With Emphasis on the Labor Market 114

Chapter 14 Wages, Unions, and Labor 123

Chapter 15 The Distribution of Income and Poverty 131

Chapter 16 Interest, Rent, and Profit 139

Chapter 17 Market Failure: Externalities, Public Goods, and Asymmetric Information 148

Chapter 18 Public Choice and Special-Interest-Group Politics 157

Chapter 19 The Economic Case For and Against Government: Five Topics Considered 164

Chapter 20 International Trade 170

Chapter 21 International Finance 180

Chapter 22 Stocks, Bonds, Futures and Options 190

Chapter 23 WEB CHAPTER Agriculture: Problems, Policies, and Unintended Effects 199

Answer Key 205

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