Microeconomics / Edition 13

by Michael Parkin

Overview

NOTE: This edition features the same content as the traditional text in a convenient, three-hole-punched, loose-leaf version. Student Value Editions also offer a great value; this format costs significantly less than a new textbook. Before purchasing, check with your instructor or review your course syllabus to ensure that you select the correct ISBN. For Student Value editions that include MyLab™ or Mastering™, several versions may exist for each title — including customized versions for individual schools — and registrations are not transferable. In addition, you may need a Course ID, provided by your instructor, to register for and use MyLab or Mastering platforms.

For two-semester principles of economics courses.

An intuitive and grounded approach to economics

Get students to think like economists using the latest policy and data while incorporating global issues. Microeconomics, 13th Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. The text emphasizes real-world applications, the development of critical-thinking skills, diagrams renowned for their pedagogy and clarity, and path-breaking technology. As a hallmark, features in the chapter openings and endings encourage students to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective and deeper understanding of today’s events.

Also available with MyLab Economics

By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

NOTE: You are purchasing a standalone product; MyLab™ Economics does not come packaged with this content. Students, if interested in purchasing this title with MyLab Economics, ask your instructor to confirm the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.

If you would like to purchase both the loose-leaf version of the text and MyLab Economics, search for:

0134889142 / 9780134889146 Microeconomics, Student Value Edition Plus MyLab Economics with Pearson eText — Access Card Package

Package consists of:

• 0134789377 / 9780134789378 Microeconomics, Student Value Edition
• 0134789806 / 9780134789804 MyLab Economics with Pearson eText — Standalone Access Card — for Microeconomics

Product Details

ISBN-13:	9780134789378
Publisher:	Pearson Education
Publication date:	01/09/2018
Edition description:	Student
Pages:	576
Product dimensions:	8.35(w) x 10.85(h) x 0.85(d)

About the Author

About our author

Michael Parkin is Professor Emeritus in the Department of Economics at the University of Western Ontario, Canada. Professor Parkin has held faculty appointments at Brown University, the University of Manchester, the University of Essex, and Bond University. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics and as managing editor of the Canadian Journal of Economics.

Professor Parkin's research on macroeconomics, monetary economics, and international economics has resulted in over 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit and Banking. He became most visible to the public with his work on inflation that discredited the use of wage and price controls. Professor Parkin also spearheaded the movement toward European monetary union. Professor Parkin is an experienced and dedicated teacher of introductory economics.

Table of Contents

PART 1: INTRODUCTION

1. What is Economics?
2. The Economic Problem

PART 2: HOW MARKETS WORK

1. Demand and Supply
2. Elasticity
3. Efficiency And Equity
4. Government Actions in Markets
5. Global markets in Action

PART 3: HOUSEHOLDS' CHOICES

1. Utility and Demand
2. Possibilities, Preferences, and Choices

PART 4: FIRMS AND MARKETS

1. Organizing Production
2. Output and Costs
3. Perfect Competition
4. Monopoly
5. Monopolistic Competition
6. Oligopoly

PART 5: MARKET FAILURE AND GOVERNMENT

1. Public Choices, Public Goods, and Healthcare
2. Externalities

PART 6: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY

1. Markets for Factors of Production
2. Economic Inequality
3. Uncertainty and Information

PART 7: MONITORING MACROECONOMIC PERFORMANCE

1. Monitoring the Value of Production: GDP
2. Monitoring Jobs and Inflation

PART 8: MACROECONOMIC TRENDS

1. Economic Growth
2. Finance, Saving, and Investment
3. Money, the Price Level, and Inflation
4. The Exchange Rate and the Balance of Payments

PART 9: MACROECONOMIC FLUCTUATIONS

1. Aggregate Supply and Aggregate Demand
2. Expenditure Multipliers
3. The Business Cycle, Inflation, and Deflation

PART 10: MACROECONOMIC POLICY

1. Fiscal Policy
2. Monetary Policy

Editorial Reviews

A standard macroeconomics text, revised to change the balance of the coverage of national income accounting, giving greater prominence to a discussion of the validity of the GDP as a measure of economic well- being; to simplify and streamline the initial presentation of the aggregate demand-aggregate supply model; and to give enhanced prominence to the role of financial deregulation in the macroeconomy. The coverage of economies in transition provides a framework for understanding events in Eastern Europe, the former Soviet Union, and China as these countries change their economic systems and open their markets to international influences. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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