Synopses & Reviews
Synopsis
Microeconomics: Private Markets and Public Choice emphasizes that economics is, at its base, about our society's well-being and our individual happiness in all forms, not just profit. The authors teach students to apply economic concepts not only to key policy decisions like taxes, inflation, and free trade, but also to personal decisions such as household finance, marriage, and career choices.
The Seventh Edition is enhanced by MyEconLab, the online homework system featuring automatically graded graphing problems and proven tutorial tools. Access to MyEconLab comes with every new textbook at no additional cost to the student.
Table of Contents
Part I Econ omic Thinking
Chapter 1 Economics in Perspective
Chapter 2 Opportunity Cost, Specialization, and Trade
Chapter 3 Private Markets and Prices: Laws of Demand & Supply
Chapter 4 Markets, Economic Welfare, and Politics
Part II The Architecture of Private Markets
Chapter 5 Elasticity
Chapter 6 The Logic of Consumer Choice and Demand
Chapter 7 The Firm and Costs of Production
Chapter 8 Competitive Markets
Chapter 9 Monopoly: The Firm as Industry
Chapter 10 Imperfect Competition
Part III Input Markets and Income Distribution
Chapter 11 Competitive Labor Markets and Unions
Chapter 12 Entrepreneurship and the Organization of Production
Chapter 13 Income Distribution, Poverty, and Health Care
Part IV Applied Microeconomics and Public Choice
Chapter 14 Antitrust, Regulation, and Public Policy
Chapter 15 Environmental Economics
Chapter 16 Public Choice
Part VIII International Trade and the Global Econ omy
Chapter 28 International Trade
Chapter 29 International Finance
Glossary
Credits
Index