9780321592873

Parkin’s Microeconomics is a worldwide leader because it provides a serious, analytical approach to the discipline using the latest policy and data. Parkin trains students to think like economists by offering a clear introduction to theory and applying the concepts to today’s events, news, and research.

Introduction: What is Economics?; The Economic Problem. How Markets Work: Demand and Supply; Elasticity; Efficiency and Equity; Government Actions in Markets; Global Markets in Action. Households’ Choices: Utility and Demand; Possibilities, Preferences, and Choices. Firms and Markets: Organizing Production; Output and Costs; Perfect Competition; Monopoly; Monopolistic Competition; Oligopoly. Market Failure and Government: Externalities; Public Goods and Common Resources. Factor Markets, Inequality, and Uncertainty: Markets for Factors of Production; Economic Inequality; Uncertainty and Information.

For all readers interested in microeconomics.

Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a B.A. from the University of Leicester. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics. His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking.

Part 1: Introduction
Chapter 1: What is Economics?
Chapter 2: The Economic Problem

Part 2: How Markets Work
Chapter 3: Demand and Supply
Chapter 4: Elasticity
Chapter 5: Efficiency and Equity
Chapter 6: Government Actions in Markets
Chapter 7: Global Markets in Action

Part 3: Households’ Choices
Chapter 8: Utility and Demand
Chapter 9: Possibilities, Preferences, and Choices

Part 4: Firms and Markets
Chapter 10: Organizing Production
Chapter 11: Output and Costs
Chapter 12: Perfect Competition
Chapter 13: Monopoly
Chapter 14: Monopolistic Competition
Chapter 15: Oligopoly

Part 5: Market Failure and Government
Chapter 16: Externalities
Chapter 17: Public Goods and Common Resources

Part 6: Factor Markets, Inequality, and Uncertainty
Chapter 18: Markets for Factors of Production
Chapter 19: Economic Inequality
Chapter 20: Uncertainty and Information

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Microeconomics

Microeconomics

0321592875

Summary

Author Biography

Table of Contents

Supplemental Materials