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Principles of Microeconomics

Principles of Microeconomics - 5th edition

ISBN13: 978-0077318512

Cover of Principles of Microeconomics 5TH 13 (ISBN 978-0077318512)
ISBN13: 978-0077318512
ISBN10: 007731851X

Cover type: Paperback
Edition: 5TH 13
Copyright: 2013
Publisher: Richard D. Irwin, Inc.
Published: 2013
International: No

List price: $248.75

Principles of Microeconomics - 5TH 13 edition

ISBN13: 978-0077318512

Robert Frank

ISBN13: 978-0077318512
ISBN10: 007731851X

Cover type: Paperback
Edition: 5TH 13
Copyright: 2013
Publisher: Richard D. Irwin, Inc.
Published: 2013
International: No
Summary

In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of attempting to teach a short list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. Although a few other texts have paid lip service to this new approach, Frank/Bernanke is by far the best throughout, and the best executed principles text in this mold. Avoiding excessive reliance on formal mathematical derivations, it presents concepts intuitively through examples drawn from familiar contexts. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles and to answer related questions and exercises.

Table of Contents

Table of Contents Part 1 Introduction 1. Thinking Like an Economist 2. Comparative Advantage 3. Supply and Demand Part 2 Competition and the Invisible Hand 4. Elasticity 5. Demand 6. Perfectly Competitive Supply 7. Efficiency, Exchange, and the Invisible Hand in Action Part 3 Market Imperfections 8. Monopoly, Oligopoly, and Monopolistic Competition 9. Games and Strategic Behavior 10. Externalities and Property Rights 11. The Economics of Information Part 4 Economics of Public Policy 12. Labor Markets, Poverty, and Income Distribution 13. The Environment, Health, and Safety 14. Public Goods and Tax Policy