For two-semester principles of economics courses.
An intuitive and grounded approach to economics
Get students to think like economists using the latest policy and data while incorporating global issues. Microeconomics, 13th Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. The text emphasizes real-world applications, the development of critical-thinking skills, diagrams renowned for their pedagogy and clarity, and path-breaking technology. As a hallmark, features in the chapter openings and endings encourage students to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective and deeper understanding of today’s events.
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0134890280 / 9780134890289 Microeconomics Plus MyLab Economics with Pearson eText -- Access Card Package, 13/e
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Michael Parkin is Professor Emeritus in the Department of Economics at the University of Western Ontario, Canada. Professor Parkin has held faculty appointments at Brown University, the University of Manchester, the University of Essex, and Bond University. 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 and as managing editor of the Canadian Journal of Economics.
Professor Parkin’s research on macroeconomics, monetary economics, and international economics has resulted in over 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. He became most visible to the public with his work on inflation that discredited the use of wage and price controls. Professor Parkin also spearheaded the movement toward European monetary union. Professor Parkin is an experienced and dedicated teacher of introductory economics.
PART I: INTRODUCTION
1. What is Economics?
2. The Economic Problem
PART II: HOW MARKETS WORK
3. Demand and Supply
4. Elasticity
5. Efficiency And Equity
6. Government Actions in Markets
7. Global markets in Action
PART III: HOUSEHOLDS’ CHOICES
8. Utility and Demand
9. Possibilities, Preferences, and Choices
PART IV: FIRMS AND MARKETS
10. Organizing Production
11. Output and Costs
12. Perfect Competition
13. Monopoly
14. Monopolistic Competition
15. Oligopoly
PART V: MARKET FAILURE AND GOVERNMENT
16. Public Choices, Public Goods, and Healthcare
17. Externalities
PART VI: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY
18. Markets for Factors of Production
19. Economic Inequality
20. Uncertainty and Information
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