Microeconomics: Private and Public Choice [Paperback]

Learn how to apply microeconomic concepts to today's real world as MICROECONOMICS: PRIVATE AND PUBLIC CHOICE, 16E reflects current economic conditions. This highly readable, up-to-date text analyzes and explains measures of economic activity in today's market and dispels common microeconomic myths. The book uses the invisible hand metaphor to explain economic theory, demonstrating how it works to stimulate the economy. This edition even includes online learning solutions, such as Aplia, to improve your learning. Graphing tutorials and videos embedded within the interactive reader support your classroom work and improve your performance.Part I: THE ECONOMIC WAY OF THINKING. 1. The Economic Approach. 2. Some Tools of the Economist. Part II: MARKETS AND GOVERNMENT. 3. Demand, Supply, and the Market Process. 4. Supply and Demand: Applications and Extensions. 5. Difficult Cases for the Market, and the Role of Government. 6. The Economics of Political Action. Part III: CORE MICROECONOMICS. 7. Consumer Choice and Elasticity. 8. Costs and the Supply of Goods. 9. Price Takers and the Competitive Process. 10. Price-Searcher Markets with Low Entry Barriers. 11. Price-Searcher Markets with High Entry Barriers. 12. The Supply of and Demand for Productive Resources. 13. Earnings, Productivity, and the Job Market. 14. Investment, the Capital Market, and the Wealth of Nations. 15. Income Inequality and Poverty. Part IV: INTERNATIONAL ECONOMICS. 16. Gaining from International Trade. Part V: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS. Special Topic 1. Government Spending and Taxation. Special Topic 2. The Economics of Social Security. Special Topic 3. The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity. Special Topic 4. Great Debates in Economics: Keynes versus Hayek. Special Topic 5. The Crisis of 2008: Causes and Lessons for the Future. Special Topic 6. Lessons from the Great Depression. Special Topic 7. The Federal Budget and the Nationalƒ+