Test Bank for Principles of Microeconomics Australia and New Zealand 7th Edition by Joshua Gans, Stephen King, Martin Byford ISBN 0170282465 9780170282468

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Product details:

ISBN 10: 0170282465
ISBN 13: 9780170282468
Author: Joshua Gans, Stephen King, Martin Byford

Principles of Microeconomics 7th edition caters for a single-semester introductory unit in Microeconomics. The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors’ philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues, such as climate change and resource taxation. MindTap and Aplia are also available for this title: ask your lecturer for more information.

Principles of Microeconomics Australia and New Zealand 7th Table of contents:

Part 1: The Legal and Social Environment of Business

Chapter 1: The Nature and Sources of Law

• Legal rights and privacy issues

• Classifications of law: Substantive vs. Procedural

• Sources of law: Constitutions, statutes, case law, and administrative regulations

• Case study: How privacy laws affect modern businesses

• The role of the judiciary in shaping legal frameworks

Chapter 2: The Court System and Dispute Resolution

• Structure and types of courts: Trial, appellate, and supreme courts

• Court procedures: Filing a case, trials, appeals

• Alternative Dispute Resolution (ADR): Mediation, arbitration, negotiation

• Case study: Small business dispute resolved through arbitration

• The importance of legal literacy for business owners

Chapter 3: Business Ethics and Social Responsibility

• Ethics vs. legality in business conduct

• Corporate social responsibility

• Ethical decision-making models

• Case study: Ethical pitfalls in tech startups

• Role of regulation in ensuring ethical standards

Chapter 4: The Constitutional Framework for Business

• The U.S. Constitution and its impact on commerce

• Separation of powers and checks and balances

• The Commerce Clause and business regulation

• Due process and equal protection in business law

• Case study: Free speech in advertising

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Part 2: Contracts and Commercial Transactions

Chapter 5: Contract Law – Formation and Capacity

• Elements of a contract: Offer, acceptance, consideration

• Legal capacity and genuine assent

• Legality of purpose and contract enforceability

• Case study: E-contracts and consumer rights

Chapter 6: Performance, Breach, and Remedies

• Performance and discharge of contractual obligations

• Types of breaches: Minor vs. material

• Remedies: Damages, specific performance, rescission

• Case study: Breach of service contracts in the gig economy

Chapter 7: Sales, Leases, and Product Liability

• The Uniform Commercial Code (UCC) and commercial transactions

• Title, risk of loss, and insurable interest

• Warranties and product liability

• Legal issues in supply chain management

• Case study: Product recall and business liability

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Part 3: Business Organizations and Regulation

Chapter 8: Types of Business Organizations

• Sole proprietorships, partnerships, corporations, LLCs

• Formation, rights, and liabilities of each type

• Case study: Choosing the right business structure for a startup

Chapter 9: Employment and Labor Law

• Employment-at-will doctrine

• Employee rights: Discrimination, wages, safety

• Labor unions and collective bargaining

• Regulatory bodies: OSHA, EEOC

• Case study: Remote work and employment law

Chapter 10: Consumer and Environmental Protection

• Consumer rights and protection laws

• Federal and state regulatory agencies: FTC, ACCC (Australia)

• Environmental law and business obligations

• Case study: Greenwashing and legal consequences

Chapter 11: Secured Transactions and Bankruptcy

• Secured vs. unsecured credit

• Security interests and UCC Article 9

• Bankruptcy types: Chapter 7, 11, 13

• Business implications of insolvency

• Case study: Corporate restructuring through bankruptcy

Chapter 12: Estate and Trust Law in Business

• Wills, trusts, and estate administration

• Legal implications of estate planning for business owners

• Fiduciary responsibilities and probate processes

• Case study: Succession planning in family-owned businesses

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Tags: Joshua Gans, Stephen King, Martin Byford, Microeconomics Australia, New Zealand