COURSE DESCRIPTION

Microeconomics, 13th Edition
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.

Table of Contents

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