Foundations of Microeconomics, Global Edition eBook (8e) : 9781292218595

Foundations of Microeconomics, Global Edition eBook (8e)

 
Edition
 
8
ISBN
 
9781292218595
ISBN 10
 
1292218592
Published
 
18/06/2018
Published by
 
Pearson Higher Ed USA
Pages
 
Format
 
 
Title type
eBook
$65.00
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Description

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About the book: For courses in Economics. Foundations of Microeconomics, 8th Edition introduces students to the economic principles they can use to navigate the financial decisions of their futures. Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide students through unfamiliar terrain and focus them on the most important concepts.

The text does four core things to help students grasp and apply economic principles: it motivates with compelling issues and questions, focuses on core ideas, offers concise points, and encourages learning with activities and practice questions. After completing this text, students will have the foundational knowledge of how the economy works and can apply it to their lives going forward.

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Table of contents
  • PART 1: INTRODUCTION
  • 1. Getting Started
  • 2. The U.S. and Global Economies
  • 3. The Economic Problem
  • 4. Demand and Supply
  • PART 2: A CLOSER LOOK AT MARKETS
  • 5. Elasticities of Demand and Supply
  • 6. Efficiency of Fairness and Markets
  • PART 3: HOW GOVERNMENTS INFLUENCE THE ECONOMY
  • 7. Government Actions in Markets
  • 8. Taxes
  • 9. Global Markets in Action
  • PART 4: MARKET FAILURES AND PUBLIC POLICY
  • 10. Externalities
  • 11. Public Goods and Common Resources
  • 12. Private Information and Healthcare Markets
  • PART 5: A CLOSER LOOK AT DECISION MAKERS
  • 13. Consumer Choice and Demand
  • 14. Production and Cost
  • PART 6: PRICES, PROFITS, AND INDUSTRY PERFORMANCE
  • 15. Perfect Competition
  • 16. Monopoly
  • 17. Monopolistic Competition
  • 18. Oligopoly
  • PART 7: INCOMES AND INEQUALITY
  • 19. Markets for Factors of Production
  • 20. Economic Inequality
Features & benefits
  • The text reflects the dramatic economic history of today, including persistent slow economic growth, an increasing concentration of wealth, headwinds from the UK’s stagnant economy, the UK’s decision to leave the European Union, China’s slowing expansion, and enhanced concern about climate change. In the US specifically, the text covers the increasing loss of jobs to offshore companies, the political popularity of trade protection, financial demands from an aging population, a dysfunctional congress with rising government debt, and a slow, decade-long recovery from the financial crisis.
  • Each chapter contains small changes to enhance clarity and currency, and every example reflects the most recent current events.
  • The text has been revised to provide an outcome-driven teaching and learning program to strengthen problem-solving, critical-thinking, and decision-making skills.
  • Each chapter concentrates on a manageable number of ideas, usually 3 to 4, with each reinforced several times throughout the text. This patient approach helps guide students through unfamiliar terrain and focus them on the most important concepts.
  • Diagrams make consistent use of colour to show the direction of shifts, and detailed, numbered captions guide students through actions step-by-step. Material is presented in graphs, words, and tables to appease students who are apprehensive about working with graphs.
  • Eye On boxes offer fresh examples that help students see that economics is everywhere. Each chapter opening box is answered by an Eye On box that helps students see the economic factors behind a key issue facing the world and highlights major aspects of the chapter.
Access Code info.

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