Microeconomics
by David C. Colander
12th Edition
Publisher: McGraw-Hill Higher Education
Book Details
| Print ISBN | 9781266477690 |
| eText ISBN | 9781266393167 |
| Publisher | McGraw-Hill Higher Education |
| Publishing Year | 2024 |
| Edition | 12th Edition |
| Language | English |
Microeconomics, 12th Edition, presents foundational economic principles through an introductory framework designed for students in economics courses. Author David C. Colander applies economic concepts to daily life while examining traditional modeling techniques alongside real-world applications.
The textbook surveys foundational market principles, production and cost analysis, and international trade policy. Readers also encounter comparative advantage, taxation, and the dynamics between market failure and government failure.
Written in Colander's trademark colloquial style, the volume highlights institutions, history, and model nuances. It also incorporates game theory and behavioral economics to help students evaluate decisions beyond standard analytical models.
Table of Contents
Chapter 1: Economics and Economic Reasoning
Chapter 2: The Production Possibility Model, Trade, and Globalization
- • Appendix: Graphish: The Language of Graphs
Chapter 3: Economic Institutions
- • Appendix: The History of Economic Systems
Chapter 4: Supply and Demand
Chapter 5: Using Supply and Demand
- • Appendix: Algebraic Representation of Supply, Demand, and Equilibrium
Chapter 6: Describing Supply and Demand: Elasticities
Chapter 7: Taxation and Government Intervention
Chapter 8: Market Failure versus Government Failure
Chapter 9: Comparative Advantage, Exchange Rates, and Globalization
Chapter 10: International Trade Policy
Chapter 11: Production and Cost Analysis I
Chapter 12: Production and Cost Analysis II
- • Appendix: Isocost/Isoquant Analysis
Chapter 13: Perfect Competition
Chapter 14: Monopoly and Monopolistic Competition
- • Appendix: The Algebra of Competitive and Monopolistic Firms
Chapter 15: Oligopoly and Antitrust Policy
Chapter 15W: Politics and Economics: The Case of Agricultural Markets
Chapter 16: Real-World Competition and Technology
Chapter 17: Work and the Labor Market
- • Appendix: Derived Demand
Chapter 17W: Nonwage and Asset Income: Rents, Profits, and Interest
Chapter 18: Who Gets What? The Distribution of Income
Chapter 19: The Logic of Individual Choice: The Foundation of Supply and Demand
- • Appendix: Indifference Curve Analysis
Chapter 20: Game Theory, Strategic Decision Making, and Behavioral Economics
- • Appendix: Game Theory and Oligopoly
Chapter 21: Thinking Like a Modern Economist
Chapter 22: Behavioral Economics and Modern Economic Policy
Chapter 23: Microeconomic Policy, Economic Reasoning, and Beyond
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