Microeconomics: Principles and Applications provides a lively, rigorous introduction to basic economic theory and its applications. It has been carefully crafted in terms of both content and supporting pedagogy to keep students focused on learning and applying the central ideas used in economic analysis. Its objective is to be a study tool for students and a complement to, rather than a substitute for the instructor. Pedagogy and applications are designed to maintain a focus on the fundamentals while allowing instructors the flexibility to bring in additional material as they choose. In-text Internet links and a dedicated Web site provide opportunities and exercises for students to access and analyze additional real-world economic applications. This text is available in combined micro/macro hardcover and in softcover split versions.
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Covers microeconomic decision makers, product markets, labor and capital and financial markets, and government and the global economy. Material is presented in a framework of four "key steps" to understanding the economy, consisting of characterizing markets, identifying goals, finding equilibrium, and changes in market equilibrium. Learning featur
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