Study Guide for Boyes/Melvin's Microeconomics / Edition 8

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Overview

The Study Guide includes numerous multiple-choice, true/false, and discussion questions to help students self-test their knowledge of each chapter, with answers and short explanations for most questions provided in the back of the Coursebook. Each chapter also contains problem and project exercises designed to improve the student's knowledge of the mechanics.

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Product Details

  • ISBN-13: 9780538753890
  • Publisher: Cengage Learning
  • Publication date: 3/8/2010
  • Edition description: Eighth Edition
  • Edition number: 8
  • Pages: 372
  • Sales rank: 1,314,700
  • Product dimensions: 8.40 (w) x 10.80 (h) x 0.70 (d)

Meet the Author

Dr. William Boyes is professor of economics at Arizona State University. He received his Ph.D. in economics from the Claremont Graduate School. An active educator as well as respected author, Dr. Boyes has served as the Distinguished Visiting Professor of Business at Weber State University; visiting professor at Tsinghua University, Beijing, China. He has also served as visiting professor at the University of London, London, England, and has lectured at ITAM in Mexico City. In addition, he was the dean of the College of Business at Cal Poly, San Luis Obispo. Dr. Boyes has also served as chairman of the Economics Department at ASU and director of Arizona council on economic education at ASU. Dr. Boyes has been an economist with Security Pacific National Bank (now Bank of America). He has also been a consultant to the White House, the Commerce Department, the Federal Trade Commission, and several private firms. He is a member of the Pacific Research Institute's Academic Advisory Board. Dr. Boyes has received many teaching awards, including the Golden Key National Honor Society Outstanding Professor Award at ASU in 1988, the Outstanding Teacher in the MBA Program Award at ASU in 1994, the Outstanding Teacher in the College of Business Award at ASU in 1995, Huizingh Outstanding Honors Professor in 2007, and Outstanding MBA Professor in 2008.

Dr. Michael Melvin is currently Head of Currency Research at Barclays Global Investors. He also retains affiliations at the Arizona State University Department of Economics and the Haas School of Business at the University of California, Berkeley. Dr. Melvin received his Ph.D. in economics from UCLA. He has served as a visiting scholar at the Federal Reserve Board and the International Monetary Fund, and was a Fulbright Professor at the University of Frankfurt. In addition, Dr. Melvin has been a visiting professor at UCLA, Northwestern University, U.C. San Diego, and the University of Hawaii. His field of specialization is International Finance, and he is the co-editor of the Journal of International Money and Finance.

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Table of Contents

Chapter 1 Economics: The World Around You 1

Chapter 2 Choice, Opportunity Costs, and Specialization 17

Chapter 3 Markets, Demand and Supply, and the Price System 33

Chapter 4 The Market System and the Private and Public Sectors 71

Chapter 5 Elasticity: Demand and Supply 83

Chapter 6 Consumer Choice 97

Chapter 7 Supply: The Costs of Doing Business 127

Chapter 8 Profit Maximization 143

Chapter 9 Perfect Competition 159

Chapter 10 Monopoly 183

Chapter 11 Monopolistic Competition and Oligopoly 199

Chapter 12 Antitrust and Regulation 215

Chapter 13 Government and Market Failures 225

Chapter 14 Resource Markets 241

Chapter 15 The Labor Market 259

Chapter 16 Capital Markets 275

Chapter 17 The Land Market and Natural Resources 287

Chapter 18 Aging, Social Security, and Health Care 297

Chapter 19 Income Distribution, Poverty, and Government Policy 309

Chapter 20 World Trade Equilibrium 323

Chapter 21 International Trade Restrictions 343

Chapter 22 Exchange Rates and Financial Links Between Countries 357

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