Microeconomics
- ISBN-10
- 0321413490
- ISBN-13
- 9780321413499
- Series
- Microeconomics
- Category
- Business & Economics
- Language
- English
- Published
- 2007
- Publisher
- Addison-Wesley
- Authors
- Richard G. Lipsey, Christopher T. S. Ragan, Paul Storer
Description
When asked to describe this text, most Lipsey readers use the same word:precise.The authors do not gloss over subjects when presenting economic ideas; rather, they offer a patient explanation of the concept and back it up with the latest research and data. Taken separately, neither theory nor data alone can give readers a true understanding of the idea, but when combined these elements give students a complete view of economics in the real world. What is Economics?:Economic Issues and Concepts; How Economists Work.An Introduction to Demand and Supply:Demand, Supply, and Price; Elasticity; Markets in Action.Consumers and Products:Consumer Behavior; Producers in the Short Run; Producers in the Long Run.Market Structure and Efficiency:Competitive Markets; Monopoly, Cartels, and Price Discrimination; Imperfect Competition and Strategic Behavior; Economic Efficiency and Public Policy.Factor Markets:How Factor Markets Work; Labor Markets; Interest Rates and the Capital Market.Government in the Market Economy:Market Failures and Government Intervention; The Economics of Environmental Protection; Taxation and Public Expenditure.The United States in the Global Economy:The Gains from International Trade; Trade Policy. For all readers interested in microeconomics.
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