Parkin, Michael

Microeconomics / Michael Parkin - Fourth edition - xxxi, [509] pages : illustrations ; 25 cm.

Includes index

Introduction. What is economics? ; making and using graphs ; The economic problem --
How markets work. Demand and supply ; Elasticity ; Efficiency ; Markets in action --
A closer look at demand and supply. Utility and demand ; Possibilities, preferences, and choices ; Organizing production ; output and costs --
Competition versus monopoly. Competition ; Monopoly ; Monopolistic competition and oligopoly --
Resource markets. Demand and supply in resource markets ; Labor markets ; Inequality, redistribution, and health care --
Market failure and government. mark failure and public choice ; Regulation and antitrust law ; Externalities, the environment, and knowledge ; Uncertainty and information --
The global economy. Trading with the world.

Using examples and analysis to help students understand how macroeconomics relates to the everyday world, this text analyzes the economic impact of current issues such as domestic and international policy issues, the impact of technology on jobs and the underground economy in Eastern Europe.



0201316900


Microeconomics.
Economics.

330.5