Book Description
Principles of Microeconomics is appropriate for introductory college and university courses in Economics or Microeconomics. Principles of Macroeconomics is appropriate for introductory college and university courses in Macroeconomics. The new second edition of this best-selling, two-volume series to the introduction to economics demonstrates the impact of economics in students' lives and the world around them. By illustrating theory with effective applications, the Second Canadian Edition shows students that economics is a powerful way of thinking, and actually teaches them how to think like an economist. Building on current global events, this student-friendly approach to economics provides a unified approach to economic theory, issues, and policies. The lively writing style, clear explanations, helpful graphs, relevant examples, and unparalleled supplements package keep students motivated throughout the course.
--This text refers to an alternate
Paperback
edition.
From the Back Cover
Written by two highly respected economists and educators, the book uses the Stories, Graphs, and Equations approach to make economic concepts accessible and relevant to readers with various learning styles. It is known for its unified and logical structure, lively writing style, and clear explanations. Chapter topics include the scope and method of economics; the economic problem: scarcity and choice; demand, supply, and market equilibrium; household behavior and consumer choice; short- and long-run costs and output decisions; input demand; general equilibrium and the efficiency of perfect competition; monopoly and antitrust policy; monopolistic competition and oligopoly; income distribution and poverty; international trade, comparative advantage, and protectionism; and economic growth in developing and transitional economies. For individuals who want to better understand the fundamentals of microeconomics.