Overview

Principles of Microeconomics by Richard Holden (University of New South Wales), Betsey Stevenson (University of Michigan), and Justin Wolfers (University of Michigan) emphasises that every decision is an economic decision. The authors’ focus on useful economics uses compelling explanations and real-life examples to help students develop and apply economic intuition to their everyday decisions. The authors provide a fresh take on a wide range of principles topics across the Microeconomics, Macroeconomics version and the full Principles version. They develop macroeconomics from its microfoundations in an engaging presentation that has drawn enthusiastic reviews from hundreds of instructors and thousands of students in pre-publication class-tests. This modern approach to Microeconomics integrates current developments in the discipline into the Principles curriculum, with emphasis on empirical data and behavioural economics, labour and personnel economics, industrial organisation, strategic decision making and information asymmetries. This text is available in Achieve, an integrated online learning system that features powerful tools for each step of the Learning Path: pre-class, in-class, and post-class.

Full Product Details

Author:   Richard Holden ,  Stevenson Betsey ,  Wolfers Justin
Publisher:   Macmillan Learning
Imprint:   Worth Publishers Inc.,U.S.
Dimensions:   Width: 21.80cm , Height: 3.00cm , Length: 27.70cm
Weight:   1.000kg
ISBN:  

9781319415853

ISBN 10:   1319415857
Pages:   592
Publication Date:   31 August 2022
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Preface A Quick Review of Graphs PART I Foundations of Economics Chapter 1 The Four Core Principles of Economics Chapter 2 Demand and Consumer Choice Chapter 3 Supply and Producer Choice Chapter 4 Equilibrium: Where Supply Meets Demand PART II Analysing Markets Chapter 5 Elasticity: Measuring Responsiveness Chapter 6 Taxes, Price Controls, and Quantity Regulations Chapter 7 Welfare Economics: Evaluating Market Efficiency and Market Failure Chapter 8 Comparative Advantage and Gains from Trade PART III Applications and Policy Issues Chapter 9 International Trade Chapter 10 Externalities and Public Goods Chapter 11 The Labour Market Chapter 12 Why Wages Vary: Workers, Jobs, Institutions, and Discrimination Chapter 13 Inequality, Poverty, and Social Insurance PART IV Industrial Organisation and Business Strategy Chapter 14 Market Structure and Market Power Chapter 15 Entry, Exit, and Long-Run Profitability Chapter 16 Price Discrimination and Sophisticated Pricing Strategies Chapter 17 Economics of Strategic Management PART V Advanced Decisions Chapter 18 Game Theory and Strategic Choices Chapter 19 Decisions Involving Uncertainty Chapter 20 Decisions Involving Private Information Glossary Index

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