Exploring Microeconomics 7th Edition by Robert Sexton – Ebook PDF Instant Download/Delivery: 1285859456, 978-1285859453
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ISBN 10: 1285859456
ISBN 13: 978-1285859453
Author: Robert Sexton
Now you can gain a solid understanding of microeconomic principles and how these principles affect your daily life with the unique EXPLORING MICROECONOMICS, 7E. Rather than a traditional encyclopedic text filled with technical details, this book offers a modern, “back-to-basics” approach designed to promote economic literacy and help you appreciate how microeconomics impacts life. The latest edition of this reader-friendly book includes new online learning tools, a visually appealing design, and the latest captivating content to encourage you to read and master the material. Packed with examples from current events and pop culture, EXPLORING MICROECONOMICS makes economics less intimidating, while conveying the real-world relevance of microeconomic principles. Trust EXPLORE MICROECONOMICS, 7E to instill an interest in microeconomics and an appreciation for its impact in today’s world.
Exploring Microeconomics 7th Table of contents:
Part 1: Introduction
Ch 1: The Role and Method of Economics
1.1 Economics: A Brief Introduction
1.2 Economic Behavior
1.3 Economic Theories and Models
1.4 Pitfalls to Avoid in Scientific Thinking
1.5 Positive Statements and Normative Statements
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Appendix: Working with Graphs
Ch 2: Economics: Eight Powerful Ideas
2.1 IDEA 1: People Face Scarcity and Costly Trade-Offs
2.2 IDEA 2: People Engage in Rational Decision Making and Marginal Thinking
2.3 IDEA 3: People Respond Predictably to Changes in Incentives
2.4 IDEA 4: Specialization and Trade Can Make Everyone Better Off
2.5 IDEA 5: Markets Can Improve Economic Efficiency
2.6 IDEA 6: Appropriate Government Policies Can Improve Market Outcomes
2.7 IDEA 7: Government Policies May Help Stabilize the Economy
2.8 IDEA 8: Increasing Productivity Leads to Economic Growth
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 3: Scarcity, Trade-Offs, and Production Possibilities
3.1 The Three Economic Questions Every Society Faces
3.2 The Circular Flow Model
3.3 The Production Possibilities Curve
3.4 Economic Growth and the Production Possibilities Curve
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 2: Supply and Demand
Ch 4: Demand, Supply, and Market Equilibrium
4.1 Markets
4.2 Demand
4.3 Shifts in the Demand Curve
4.4 Supply
4.5 Shifts in the Supply Curve
4.6 Market Equilibrium Price and Quantity
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 5: Markets in Motion and Price Controls
5.1 Changes in Market Equilibrium
5.2 Price Controls
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 6: Elasticities
6.1 Price Elasticity of Demand
6.2 Total Revenue and the Price Elasticity of Demand
6.3 Other Types of Demand Elasticities
6.4 Price Elasticity of Supply
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 3: Market Efficiency, Market Failure, and the Public System
Ch 7: Market Efficiency and Welfare
7.1 Consumer Surplus and Producer Surplus
7.2 The Welfare Effects of Taxes, Subsidies, and Price Controls
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 8: Market Failure
8.1 Externalities
8.2 Public Policy and the Environment
8.3 Property Rights and the Environment
8.4 Public Goods
8.5 Asymmetric Information
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 9: Public Finance and Public Choice
9.1 Public Finance: Government Spending and Taxation
9.2 Public Choice
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 4: Households and Market Structure
Ch 10: Consumer Choice Theory
10.1 Consumer Behavior
10.2 The Consumer’s Choice
10.3 Behavioral Economics
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Appendix: A More Advanced Theory of Consumer Choice
Ch 11: The Firm: Production and Costs
11.1 Firms and Profits: Total Revenues Minus Total Costs
11.2 Production in the Short Run
11.3 Costs in the Short Run
11.4 The Shape of the Short-Run Cost Curves
11.5 Cost Curves: Short Run versus Long Run
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Appendix: Using Isoquants and Isocosts
Ch 12: Firms in Perfectly Competitive Markets
12.1 A Perfectly Competitive Market
12.2 An Individual Price Taker’s Demand Curve
12.3 Profit Maximization
12.4 Short-Run Profits and Losses
12.5 Long-Run Equilibrium
12.6 Long-Run Supply
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 13: Monopoly and Antitrust
13.1 Monopoly: The Price Maker
13.2 Demand and Marginal Revenue in Monopoly
13.3 The Monopolist’s Equilibrium
13.4 Monopoly and Welfare Loss
13.5 Monopoly Policy
13.6 Price Discrimination and Peak Load Pricing
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 14: Monopolistic Competition and Product Differentiation
14.1 Monopolistic Competition
14.2 Price and Output Determination in Monopolistic Competition
14.3 Monopolistic Competition versus Perfect Competition
14.4 Advertising
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 15: Oligopoly and Strategic Behavior
15.1 Oligopoly
15.2 Collusion and Cartels
15.3 Other Oligopoly Models
15.4 Game Theory and Strategic Behavior
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 5: Input Markets and Microeconomic Policy Issues
Ch 16: The Markets for Labor, Capital, and Land
16.1 Input Markets
16.2 Supply and Demand in the Labor Market
16.3 Labor Market Equilibrium
16.4 Labor Unions
16.5 The Markets for Land and Capital
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 17: Income, Poverty, and Health Care
17.1 Income Distribution
17.2 Income Redistribution
17.3 The Economics of Discrimination
17.4 Poverty
17.5 Health Care
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Part 6: The Global Economy
Ch 18: International Trade
18.1 The Growth in World Trade
18.2 Comparative Advantage and Gains from Trade
18.3 Supply and Demand in International Trade
18.4 Tariffs, Import Quotas, and Subsidies
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Ch 19: International Finance
19.1 The Balance of Payments
19.2 Exchange Rates
19.3 Equilibrium Changes in the Foreign Exchange Market
19.4 Flexible Exchange Rates
Interactive Summary
Key Terms and Concepts
Section Quiz Answers
Problems
Glossary
Index
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