Microeconomics: With Xtra! Access Card / Edition 6

Microeconomics: With Xtra! Access Card / Edition 6

by Roger A. Arnold
Pub. Date:
Cengage Learning


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Microeconomics: With Xtra! Access Card / Edition 6

Offering a unique blend of solid theoretical content and student accessibility, this text: 1) covers all the basics of microeconomics, 2) gives student a clear idea of how economists think about the world, 3) stresses the key concepts in economics, and 4) is extremely rich in intriguing applications that convey the prevalence of economics in everyday life. By applying economics to phenomenon that readers are familiar with and interested in, this book demonstrates like no other text how economic analysis can be applied to virtually anything of interest, thus helping students develop true economic intuition. Additional student-oriented features include a unique active-learning format, an emphasis on developing economic analysis skills, and an outstanding visual program for exhibits and graphs.

Product Details

ISBN-13: 9780324163568
Publisher: Cengage Learning
Publication date: 01/28/2003
Edition description: Older Edition
Pages: 592
Product dimensions: 8.54(w) x 10.72(h) x 0.81(d)

About the Author

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 regularly featured on talk radio to discuss 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 In Our Times textbook and principles of economics 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. 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.

Table of Contents

AN INTRODUCTION TO ECONOMICS PART 1. ECONOMICS: THE SCIENCE OF SCARCITY 1. What Economics is About Appendix A. Working with Diagrams Appendix B. Should You Major in Economics? 2. Economic Activities: Producing and Trading 3. Supply and Demand: Theory 4. Supply and Demand: Practice. MICROECONOMICS PART 2. MICROECONOMIC FUNDAMENTALS 5. Elasticity 6. Consumer Choice: Maximizing Utility and Behavioral Economics Appendix C. Budget Constraint and Indifference Curve Analysis 7. The Firm 8. Production and Costs PART 3. PRODUCT MARKETS AND POLICIES 9. Perfect Competition 10. Monopoly 11. Monopolistic Competition, Oligopoly, and Game Theory 12. Government and Product Markets: Antitrust and Regulation PART 4. FACTOR MARKETS AND RELATED ISSUES 13. Factor Markets: With Emphasis on the Labor Market 14. Wages, Unions, and Labor 15. The Distribution of Income and Poverty 16. Interest, Rent, and Profit PART 5. MARKET FAILURE AND PUBLIC CHOICE 17. Market Failure: Externalities, Public Goods, and Asymmetric Information 18. Public Choice: Economic Theory Applied to Politics. THE WORLD ECONOMY PART 6. INTERNATIONAL ECONOMICS: THEORY AND POLICY 19. International Trade 20. International Finance

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