Microeconomics

<p><em style=color: rgba(51 51 51 1)>Microeconomics: Concepts and Applications</em><span style=color: rgba(51 51 51 1)> provides students with an approachable and concise introduction to the field including real-world examples that highlight its importance and application in everyday decision-making.</span></p><p><br></p><p><span style=color: rgba(51 51 51 1)>The textbook is organized into six distinct parts. Part I serves as an introduction to economics highlighting the five key principles of the discipline as well as key concepts such as the economy markets production income and exchange. In Part II students read about demand supply and equilibrium with chapters that address market failure the causes of demand and supply and how it is measured and market surpluses. Part III focuses on production costs and markets. Students learn about types of markets including perfectly competitive markets monopolies oligopolies and monopolistic competitive markets. In Parts IV and V chapters examine business regulation the societal cost of environmental pollution and the role of financial markets in the economy. The final part explores labor and international trade.</span></p><p><br></p><p><span style=color: rgba(51 51 51 1)>Developed to provide students with a solid introduction </span><em style=color: rgba(51 51 51 1)>Microeconomics</em><span style=color: rgba(51 51 51 1)> is an ideal resource for courses and programs in the discipline.</span></p>