For the one-semester course in Principles of Microeconomics.
This package includes MyEconLab (R).
An Introduction to the Functioning of the Economy and the Power and Breadth of Economics
Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling Principles of Economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Microeconomics, Twelfth Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy and even personal decisions in a different way.
This package includes MyEconLab, an online homework, tutorial, and assessment program designed to work with this text to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts.
MyEconLab should only be purchased when required by an instructor. Please be sure you have the correct ISBN and Course ID. Instructors, contact your Pearson representative for more information.
Part I: Introduction To Economics 1. The Scope and Method of Economics 2. The Economic Problem: Scarcity and Choice 3. Demand, Supply, and Market Equilibrium 4. Demand and Supply Applications 5. Elasticity Part II: The Market System 6. Household Behavior and Consumer Choice 7. The Production Process: The Behavior of Profit-Maximizing Firms 8. Short-Run Costs and Output Decisions 9. Long-Run Costs and Output Decisions 10. Input Demand: The Labor and Land Markets 11. Input Demand: The Capital Market and the Investment Decision 12. General Equilibrium and the Efficiency of Perfect Competition Part III: Market Imperfections and the Role of Government 13. Monopoly and Antitrust Policy 14. Oligopoly 15. Monopolistic Competition 16. Externalities, Public Goods, and Common Resources 17. Uncertainty and Asymmetric Information 18. Income Distribution and Poverty 19. Public Finance: The Economics of Taxation Part IV: The World Economy 20. International Trade, Comparative Advantage, and Protectionism 21. Economic Growth in Developing Economies Part V: Methodology 22. Critical Thinking about Research