- AUTHORS: William Boyes; Michael Melvin
- ISBN-13: 9781111826154
- Grade(s): 9 | 10 | 11 | 12
- 552 Pages Paperback
- 9th Edition | Previous Editions: 2011, 2008, 2005
- ©2013 Published
- Prices are valid only in the respective region
Introduce the latest thinking of today's economists on important microeconomic phenomena while equipping your students with a solid global understanding of microeconomic principles with Boyes/Melvin's MICROECONOMICS, 9E. Now you can clearly illustrate the connections between key microeconomic principles and today's actual business practices with this book's reader-friendly approach, carefully integrated learning features, memorable examples, and unique global emphasis. Timely revisions and the latest microeconomic statistics ensure your course incorporates the most recent data and developments. Revised microeconomics materials emphasize the fundamentals and the practical application of concepts to current events. New microeconomics coverage highlights the current debate on government economic intervention and new discussion of the Economic Freedom Index. Your students gain an in-depth understanding of globalization and its impact on microeconomics today. Effective, leading teaching and learning technology and a full range of supplements, including the best-selling Aplia™ homework system and CourseMate online tools, help complete your microeconomics coverage that clarifies and emphasizes the importance of concepts for career and business success.
Part I: INTRODUCTION TO THE PRICE SYSTEM.
1. Economics: The World Around You.
Appendix: working with Graphs.
2. Choice, Opportunity Costs, and Specialization.
3. Markets, Demand and Supply, and the Price System.
4. The Market System and the Private and Public Sectors.
Part II: PRODUCT MARKET BASICS.
5. Elasticity: Demand and Supply.
Appendix: Calculating Elasticity.
6. Consumer Choice.
Appendix: Indifference Analysis.
7. Supply: The Costs of Doing Business.
Appendix: The Mechanics of Going from Production to Costs.
Part III: PRODUCT MARKETS.
8. Profit Maximization.
9. Perfect Competition.
11. Monopolistic Competition and Oligopoly.
12. Antitrust and Regulation.
13. Government and Market Failure.
Part IV: RESOURCE MARKETS.
14. Resource Markets.
15. The Labor Market.
16. Capital Markets.
17. The Land Market and Natural Resources.
Part V: CURRENT ISSUES INVOLVING THE PUBLIC SECTOR AND THE MARKET ECONOMY.
18. Aging, Social Security, and Health Care.
19. Income Distribution, Poverty, and Government Policy.
Part VIII: ISSUES IN INTERNATIONAL TRADE AND FINANCE.
20. World Trade Equilibrium.
21. International Trade Restrictions.
22. Exchange Rates and Financial Links Between Countries.