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Principles of microeconomics

Author: Karl E Case; Ray C Fair
Publisher: Upper Saddle River, N.J. : Prentice Hall, ©1996.
Edition/Format:   Print book : English : 4th edView all editions and formats
Summary:

This text features the chapters on microeconomics that are featured in the text "Principles of Economics", 4th edition (ISBN: 0-13-440488-2).

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Document Type: Book
All Authors / Contributors: Karl E Case; Ray C Fair
ISBN: 0134409183 9780134409184 0132460831 9780132460835 0134408438 9780134408439 0134408683 9780134408682 0134587537 9780134587530
OCLC Number: 33165876
Description: 1 volume (various pagings) : illustrations (some color) ; 26 cm
Contents: Introduction to economics: the scope and method of economics; the economic problem - scarcity and choice; the structure of the US economy - the private, public and international sectors; demand, supply and market equilibrium; the price system, supply and demand and elasticity. Foundations of microeconomics - consumers and firms: household behaviour and consumer choice; the behaviour of profit-maximizing firms and the production process; short-run costs and output decision; costs and output decisions in the long-run; input demand - the labour and land markets; the capital market and the investment decision; general equilibrium and the efficiency of perfect competition. Market imperfections and the role of government: monoploy; monopolistic competition and oligopoly; antitrust and regulation; externalities, public goods, imperfect information and social choice; income distribution and poverty. Current microeconomic issues: public finance - the economics of taxation; the economics of labour markets and labour unions; topics in microeconomics. International trade, comparative advantage and protectionism. Economic growth in developing countries. Economics in transition and alternative economic systems.
Responsibility: Karl E. Case, Ray C. Fair.

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