Principles of Microeconomics
Principles of Microeconomics

Principles of Microeconomics

Lead Author(s): Stephen Buckles

Student Price: $61.00

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.

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Hi there! Welcome to Top Hat's interactive Introduction to Microeconomics text! We hope you have a great experience with this course and our text. To start, we would like to introduce you to some of our features so that you are comfortable with your new textbook.

Among the things you will frequently encounter in our texts are embedded questions. Depending on your professor, these may be graded for participation or correctness. There are six types of questions we have to offer, plus discussion style questions. Let's take a look at one of each:

1) Multiple Choice: Simply click on the correct answer and then click "Submit". If there is more than one correct answer, it will be specified in the question.

Multiple Choice Example

Which country has the greatest GDP?


United States







2) Word Answer: Just type your answer into the textbox and click "Submit".

Word Answer Example

This is a textbook written about ______________.

3) Numeric Answer: As the name suggests, these questions require an answer that is a number.

Numeric Answer Example

How many firms are in a duopoly?

4) Matching Question: Click on an item in the left-hand column, and then click on its match in the right-hand column to align them.  The remaining options in the right-hand column will reshuffle. 

Matching Example

Match each currency with their county of origin.


U.S. Dollar


Great Britain






Pound Sterling


United States

5) Click on Target Question: These questions will be accompanied by an image. You must click on the correct part of the picture. Sometimes, multiple clicks will be allowed. Often you will find that the images in these questions will have "hotspots" or targets on them. Make sure when you submit your answer that your selection is over the hotspot so you get credit if your answer is correct.

Click on Target Example

Click on the market that contains a price ceiling.

6) Sorting Question: Drag the options into the proper order.

Sorting Question Example

Sort these events in chronological order.


Subprime Mortgage Crisis


Black Monday


The Great Depression

7) Discussion Question: These are typed responses that are submitted and read by the professor. 

Discussion Question Example

What would cause changes to quantity demanded of a good?

8) Graphing Question: These are questions that will allow you to interact with graphs. You can expect a number of these questions in most chapters!

Throughout the book, you will see this banner, which indicates sections within each chapter to introduce news articles, or pique your interest. It is:

The In the News sections highlight news articles and media for you to explore and deepen your understanding. Expect to find 1-2 per chapter.

You will also see this banner, which indicates sections within each chapter to review concepts. It is:

The What's the Gist? sections allows you to review concepts that you have learned through the chapter. Expect to find 1 per chapter.

You will also be directed to refer to Math Supplements. These are separate sections that dive deeper into mathematical concepts and principles. If your professor is using the material in the Math Supplement, we recommend having it open in another tab as you read this textbook.

Above is a picture of the Optional Feedback Survey at the end of each chapter. ​​

We love to hear your feedback about the text! At the end of every chapter, there is a survey like the one pictured to the right that you can fill out to ask questions or report difficulties. Please don't hesitate to let us know. This survey is entirely optional and the responses are sent to Top Hat.


Reference for this text:

Buckles, Stephen (Ed.). (2017). Principles of Microeconomics. Toronto, ON: Top Hat Monocle. Available from



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