- AUTHOR: Robert Sexton
- ISBN-13: 9781285859453
- Grade(s): 9 | 10 | 11 | 12
- 640 Pages Paperback
- 7th Edition
- ©2016 Published
- Prices are valid only in the respective region
Give your students a solid understanding of microeconomic principles and how these principles affect their daily lives with the unique EXPLORING MICROECONOMICS, 7E. Rather than a traditional encyclopedic text filled with technical details, this book offers a modern, "back-to-basics" approach designed to promote economic literacy and help students appreciate how microeconomics impacts life. The latest edition of this reader-friendly book includes new online learning tools, a visually appealing design, and the latest captivating content to encourage students to read and master the material. Packed with examples from current events and pop culture, EXPLORING MICROECONOMICS makes economics less intimidating, while conveying the real-world relevance of microeconomic principles. A wealth of helpful resources, including the leading Aplia™ online homework solution, MindTap™ online learning experience, and Write Experience, work in synchronous to help instill an excitement for microeconomics and its application in today's world.
PART I: INTRODUCTION.
1. The Role and Method of Economics.
Appendix: Working with Graphs.
2. Eight Powerful Ideas.
3. Scarcity, Trade-Offs, and Production Possibilities.
PART II: SUPPLY AND DEMAND.
4. Demand, Supply, and Market Equilibrium.
5. Market in Motion and Price Controls.
PART III: MARKET EFFICIENCY, MARKET FAILURE, AND THE PUBLIC SYSTEM.
7. Market Efficiency and Welfare.
8. Market Failure.
9. Public Finance and Public Choice.
PART IV: HOUSEHOLDS AND MARKET STRUCTURE.
10. Consumer Choice Theory.
Appendix: A More Advanced Theory of Consumer Choice.
11. The Firm: Production and Costs.
Appendix: Using Isoquants and Isocosts.
12. Firms in Perfectly Competitive Markets.
13. Monopoly and Antitrust.
14. Monopolistic Competition and Product Differentiation.
15. Oligopoly and Strategic Behavior.
PART V: INPUT MARKETS AND MICROECONOMIC POLICY ISSUES.
16. The Markets for Labor, Capital, and Land.
17. Income, Poverty and Health Care.
PART VI: THE GLOBAL ECONOMY.
18. International Trade.
19. International Finance.