Principles of Microeconomics
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This text provides a comprehensive and unique introduction to modern microeconomics. It pursues an integrative approach by putting the main findings of economics into a broader perspective; theories are critically reflected on from a philosophical standpoint and by comparing them to approaches found in the social sciences, while implications for the design of the legal system and business practices are highlighted throughout. In addition, the book presents brief examples and comprehensive case studies to facilitate an understanding of the theories’ real-world implications. Starting from the question as to why and how societies organize economic activity, the book adopts an institutional perspective to analyze the potential and limitations of different market types with regard to alleviating scarcity and achieving distributive objectives. It not only covers traditional rational-choice models, but also systematically introduces readers to important findings from behavioral economics and psychology. A companion workbook is available which features a wide variety of exercises, ranging from basic multiple-choice questions to challenging mathematical problems and case study scenarios.
Including a wide coverage of microeconomic theory, with the use of diagrams and charts and a chapter on the emerging issues of environmental economics, this book is designed to be of interest to undergraduate students, graduate conversion students, A-Level students, DMS and BTEC students studying for the following examinations - CACA, CIMA, ICSA, IPM, CIOB, ICAEW.
PRINCIPLES OF MICROECONOMICS continues to be the most popular and widely used text in the economics classroom. The fifth edition features a strong revision of content in all 36 chapters while maintaining the clear, accessible writing style and precise presentation that are the hallmarks of this highly respected author. Dozens of new applications emphasize the real-world relevance of economics for today's students through interesting news articles, realistic case studies, and engaging problems. The new edition also features an expanded instructor's resource package designed to assist in course planning and classroom presentation, as well as full integration of content with Aplia. I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.--N. Gregory Mankiw. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Microeconomics Is Taught In All Colleges And Universities Offering Degree Courses In Economics, Social Sciences, Business Administration And Management Studies All Over The World. There Are Many Good Text Books On Microeconomics Now Available In The Market. This Book Is Intended To Be A Valuable Addition To The Existing Repository Of Books On Principles Of Microeconomics. The Book Provides A Good Mixture Of Theory And Practice Of Microeconomics. Applications Of Various Principles Of Microeconomics Are Illustrated Using Both Real World As Well As Hypothetical Data. The Latest Developments In The Theories Of Demand And Supply, Production, Markets And So On Are Covered And Areas Of Their Potential Applications Explored.The Principles Are Enunciated First Using Simple Language, Then Illustrated With The Help Of Graphs And Diagrams And Occasionally Using Simple Mathematics To Derive Decision Rules. For Ready Reference Of The Readers, Three Appendices, One Each On Calculus, Linear Programming And Econometrics And A Glossary Of Technical Terms Are Also Included In The Book. The Book Will Prove To Be Useful As A Text Book For Post-Graduate Students Of Microeconomics And As One Of The Reference Books For Students Of Business Administration And Management Sciences. Teachers Of Microeconomics May Also Find It Useful As A Handy Reference Book.
This is the companion workbook for the textbook Principles of Microeconomics. Each chapter features a wide variety of exercises, ranging from basic multiple-choice questions to challenging mathematical problems and case study scenarios. The textbook pursues an integrative approach to modern microeconomics by critically reflecting on the main findings of economics from a philosophical standpoint and comparing them to approaches found in the social sciences. It adopts an institutional perspective to analyze the potential and limitations of different market types, and highlights implications for the design of the legal system and business practices throughout. In addition to traditional rational-choice models, important findings from behavioral economics and psychology are also presented.
Introduction How markets work Markets and welfare The economics of the public sector Firm behavior and the organization of industry The economics of labor markets Topics for further study.
This text conveys the principles of microeconomics in a conversational style through a series of extended examples that students should relate and respond to. Students are discouraged from simply memorizing facts and are engaged in active learning. The book maintains a focus on presenting basic concepts in depth and developing the analysis step-by-step, rather than covering hundreds of topics superficially.
Principles of Microeconomics teaches microeconomic concepts and theories in a concise, clear manner. It provides insight into the behavior of three important economic agents - individuals, firms, and governments - and discusses the interactions between these agents in a market economy. It explores how this behavior is manifested across a wide variety of countries and cultures including the United States, Europe, Asia, and the Middle East. Students will m
This brand-new principles of economics text is the most exciting new entry in years.Written by well-known and well-respected economists,Bob Frank, Ben Bernanke, Lars Osberg(Dalhousie University),Melvin Cross(Dalhousie University) andBrian MacLean(Laurentian University) the text seeks to teach introductory students the core economic concepts--the essence of economics-- without overwhelming them with details. A well-articulated short list of core principles is introduced and reinforced by illustrating and applying each principle in several contexts, and then asking students to work exercises to see what they have learned.The text seeks to create "Economic Naturalists"; that is, after reading the text, students will ask (and answer) questions about their economic environment. For example, students will see Braille dots on drive-up ATMs and ask why they are there. Peppered with such thought-provoking examples, Frank/Bernanke not only engage students, but teaches them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation.
An introduction to the principles of microeconomics. All examples and analyses flow from a few basic assumptions, such as diminishing marginal values and the law of diminishing marginal product. Non-traditional examples like adoption markets and changes in
Principles of Macroeconomics is focused on the material that students need to cover in a first introductory course. It is slightly more compact than the majority of introductory macroeconomics books in the Canadian marketplace. Decades of teaching experience and textbook writing has led the authors to avoid the encyclopedic approach that characterizes the recent trends in textbooks. Consistent with this approach, there are no appendices or 'afterthought' chapters. If important material is challenging then it is still included in the main body of the text; it is not relegated elsewhere for a limited audience; the text makes choices on what issues and topics are important in an introductory course. This philosophy has resulted in a Macro book of just 13 chapters, with three introductory chapters common to both our Principles of Microeconomics and Macroeconomics books.Examples are domestic and international in their subject matter and are of the modern era - financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure and concerns about slow growth and the risk of deflation are included. The title is intended to be informative. Students are introduced to the concepts of models early, and the working of such models is illustrated in every chapter. While this book avoids calculus and uses algebra sparingly, it still aims to be rigorous. In contrast to many books on the market that simply insert diagrams and discuss concepts in a diagrammatic framework, our books develop and analyze key concepts and relations by introducing numerical and empirical examples at the outset. Students are introduced immediately to the practice of taking a set of data, examining it numerically, plotting it and thinking about how it illustrates a concept or relationship. The process is not difficult but it is rigorous and stresses the link between empirical observation, economic theory, models and policy. Hence numerical examples, diagrams, and straight line equations and are introduced early and are used throughout.
Through its Defining Moments theme, the Ruffin/Gregory text provides a historical basis for students to understand the economic theories and policies of today. Defining Moments outline the ideas behind the most important events of economics the Industrial Revolution, the Rise and Fall of Socialism, the Great Depression, Globalization, and the Information Revolution. In addition to thoroughly updated microeconomics coverage, the new edition features a wealth of up-to-date boxed examples and all-new pedagogical features, including Learning Objectives, Chapter Puzzles, and Web Questions.