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Microeconomics (8TH 08 - Old Edition)by Michael Parkin
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' Microeconomics provides a serious, analytical approach to the discipline by introducing the main ideas and then developing those ideas with the latest research, policy, and data. The result is that readers learn to apply economics the way real economists do, by evaluating the decisions in their personal and professional lives.
Introduction: What Is Economics?; The Economic Problem. How Markets Work: Demand and Supply; Elasticity; Efficiency and Equity; Markets in Action. Households' Choices: Utility and Demand; Possibilities, Preferences, and Choices. Firms and Markets: Organizing Production; Output and Costs;Perfect Competition; Monopoly; Monopolistic Competition and Oligopoly. Market Failure and Government: Regulation and Antitrust Law; Externalities; Public Goods and Common Resources. Factor Markets, Inequality, and Uncertainty: Demand and Supply in Factor Markets; Economic Inequality; Uncertainty and Information.The Global Economy: Trading with the World.
For all readers interested in microeconomics.'
About the Author
Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a B.A. from the University of Leicester. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics. His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking.
Table of Contents
Part 1: Introduction
Chapter 1: What is Economics?
Chapter 2: The Economic Problem
Part 2: How Markets Work
Chapter 3: Demand and Supply
Chapter 4: Elasticity
Chapter 5: Efficiency and Equity
Chapter 6: Government Actions in Markets
Chapter 7: Global Markets in Action
Part 3: Households’ Choices
Chapter 8: Utility and Demand
Chapter 9: Possibilities, Preferences, and Choices
Part 4: Firms and Markets
Chapter 10: Organizing Production
Chapter 11: Output and Costs
Chapter 12: Perfect Competition
Chapter 13: Monopoly
Chapter 14: Monopolistic Competition
Chapter 15: Oligopoly
Part 5: Market Failure and Government
Chapter 16: Externalities
Chapter 17: Public Goods and Common Resources
Part 6: Factor Markets, Inequality, and Uncertainty
Chapter 18: Markets for Factors of Production
Chapter 19: Economic Inequality
Chapter 20: Uncertainty and Information
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