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Full Description
Built to focus on what matters to students in today's high-tech, globalized world, Dean Karlan and Jonathan Morduch's Microeconomics represents a new generation of products, optimized for digital delivery and available with best-in-class adaptive study resources in McGraw-Hill Connect. The second edition delivers core economic concepts along with exciting new ideas in economic thought and strives to keep students engaged by confronting issues that are important in the world.This text combines a familiar curriculum with material from new research and applied areas such as finance, behavioral economics, and the political economy. Students and faculty will find content that breaks down barriers between what takes place in the classroom and what happens in our nation and broader world, with applications that are driven by empirical evidence, data, and research. Karlan and Morduch show students that economics is a tool to better one's own life and promote better public and business policies in the world. At the same time, this second edition challenges students to reach their own conclusions about what "better" really means.
Contents
Thinking Like an EconomistPART 1 The Power of Economics1 Economics and Life2 Specialization and ExchangePART 2 Supply and Demand3 Markets4 Elasticity5 Efficiency6 Government InterventionMicroeconomics: Thinking Like a MicroeconomistPART 3 Individual Decisions7 Consumer Behavior8 Behavioral Economics: A Closer Look at Decision Making9 Game theory and Strategic Thinking10 Information11 Time and UncertaintyPART 4 Firm Decisions12 The Costs of Production13 Perfect Competition14 Monopoly15 Monopolistic Competition and Oligopoly 16 The Factors of Production17 International TradePART 5 Public Economics18 Externalities19 Public Goods and Common Resources20 Taxation and the Public Budget21 Poverty, Inequality, and Discrimination22 Political Choices23 Public Policy and Choice ArchitectureNER(01): WOW
