Microeconomics

Paperback | January 9, 2015

byMichael Parkin

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MyEconLab does not come packaged with this content. If you would like to purchase both the physical text and MyEconLab search for ISBN-10: 0134004655/ISBN-13: 9780134004686. That package includes ISBN-10: 0133872297/ISBN-13: 9780133872293 and ISBN-10: 0133917606/ISBN-13: 9780133917604.

 

For the two-semester principles of economics course.

 

An intuitive and grounded approach to economics 

Get students to think like an Economist using the latest policy and data while incorporating global issues. Economics, Twelfth Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. Economics emphasizes real-world applications, the development of critical thinking skills, diagrams renowned for pedagogy and clarity, and path-breaking technology.

 

Each chapter begins with one of today’s key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, students “read between the lines” to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to and deeper understanding of today’s events. Students will begin to think about issues the way real economists do and learn how to explore difficult policy problems to make more informed decisions in their own economic lives.

 

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MyEconLab does not come packaged with this content. If you would like to purchase both the physical text and MyEconLab search for ISBN-10: 0134004655/ISBN-13: 9780134004686. That package includes ISBN-10: 0133872297/ISBN-13: 9780133872293 and ISBN-10: 0133917606/ISBN-13: 9780133917604.   For the two-semester principles of econom...

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 o...

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Format:PaperbackDimensions:552 pages, 10.7 × 8.4 × 1 inPublished:January 9, 2015Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0133872297

ISBN - 13:9780133872293

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Table of Contents

I. Introduction
1. What is Economics?
2. The Economic Problem

II. How Markets Work
3. Demand and Supply
4. Elasticity
5. Efficiency and Equity
6. Government Actions in Markets
7. Global Markets in Action

III. Households’ Choices
8. Utility and Demand
9. Possibilities, Preferences, and Choices

IV. Firms and Markets
10. Organizing Production
11. Output and Costs
12. Perfect Competition
13. Monopoly
14. Monopolistic Competition
15. Oligopoly

V. Market Failure and Government
16. Public Choices and Public Goods
17. Economics of the Environment

VI. Factor Markets, Inequality, and Uncertainty
18. Markets for Factors of Production
19. Economic Inequality
20. Uncertainty and Information