This thoroughly revised edition provides a complete, balanced introduction to microeconomics and to the most important issues facing the world's economies at the turn of the millennium.
Chapter 1 introduces the issues of scarcity and choice, surveys national and international trends, and ends with a discussion of the importance and role of economic policy. The case studies in Chapter 6 on rent controls, agricultural price supports, and tariffs are designed to provide practice in applying the tools of price determination and elasticity that are covered in Chapters 4 and 5. Subsequent chapters cover short- and long-run costs, perfect competition, monopolistic competition and oligopoly, factor pricing, factor mobility, labor markets, and government in the market economy. The final three chapters, on taxation, the gains from trade, and trade policy, expand on the basics of microeconomic analysis that are presented throughout the book by providing current illustrations of the relevance of economic theory to contemporary policy situations.
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Book Description Harper & Row, 1988. Book Condition: Good. 8th. N/A. Ships from Reno, NV. Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory # GRP92056733
Book Description HarperCollins Publishers. Paperback. Book Condition: Fair. Bookseller Inventory # G0060440996I5N00
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