Principles of Microeconomics emphasizes the development of an economic way of thinking. The approach emphasizes the ability to think through applications of economic concepts and ideas and then to be able to explain how economic concepts work and to make recommendations as to a variety of personal, business, and public decisions. No new concept is introduced without the student being asked to use the concept or fully explain the reasoning behind the concept and then be provided feedback.
The approach continually asks students to explain why markets work or fail and not just that they do or not. The approach does not just ask students to draw graphs, but to use the reasoning behind the graphs to make decisions, explain events, and recommend policies. The ultimate goal of the material is the development of students who can speak and write in an articulate manner about a large range of economic problems and issues.
Student Cost $61
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Table Of Contents
- Chapter 1: Introduction to Economics
- Chapter 2: An Economic Model
- Chapter 3: The US and World Economy
- Chapter 4: Markets: Supply and Demand
- Chapter 5: Using Supply and Demand
- Chapter 6: Behind Demand
- Chapter 7: Inputs, Production, and Costs (Behind Supply)
- Chapter 8: Inputs, Products and Costs in the Long Run
- Chapter 9: Competitive Markets
- Chapter 10: Monopoly
- Chapter 11: Between Competition and Monopoly
- Chapter 12: Regulation of Firms with Market Power
- Chapter 13: The Economic Role of Government
- Chapter 14: Markets for Labour
- Chapter 15: Taxes: Efficiency and Fairness
- Chapter 16: Why International Trade
- Chapter 17: Financial Markets
- Chapter 18: Economics After Microeconomics
The emphasis throughout the text is to be able to apply and use concepts learned, as opposed to an encyclopedic text focused on memorization.
Provides a way for students to see how certain economics factors affect concepts like supply and demand
Students can now study, practice and review personal participation and performance data all in one place–from almost any device.
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