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Microeconomics : Principles, Applications, and Tools

9780136094050

Microeconomics : Principles, Applications, and Tools

  • ISBN 13:

    9780136094050

  • ISBN 10:

    0136094058

  • Edition: 6th
  • Format: Paperback
  • Copyright: 04/27/2009
  • Publisher: Prentice Hall

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Summary

The book provides a clear, concise, and accessible presentation of key points. Its hallmark feature includes a focus on the 5 Key Principles of Economics1) Opportunity Cost, 2) The Marginal Principle (comparing marginal benefits and marginal costs), 3) Diminishing Returns, 4) The Spillover Principle (for externalities in production and consumption), 5) The Reality Principle (distinguishing real from nominal magnitudes). For financial professionals and analysts.

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