Principles of microeconomics /
senior contributing authors, Steven A. Greenlaw, David Shapiro, Timothy Taylor.
- 2e.
- 1 online resource (571 pages) : colour illustrations
- Updated irregularly.
- Original version (ME2-2017-00-(9/17)-LC) published September 15, 2017.
Includes bibliographical references (pages 555-565) and index.
Welcome to economics! -- Choice in a world of scarcity -- Demand and supply -- Labor and financial markets -- Elasticity -- Consumer choices -- Production, costs, and industry structure -- Perfect competition -- Monopoly -- Monopolistic competition and oligopoly -- Monopoly and antitrust policy -- Environmental protection and negative externalities -- Positive externalities and public goods -- Labor markets and income -- Poverty and economic inequality -- Information, risk, and insurance -- Financial markets -- Public economy -- International trade -- Globalization and protectionism -- The use of mathematics in principles of economics -- Indifference curves -- Present discounted value.
Principles of Microeconomics 2e (2nd edition) covers the scope and sequence of most introductory microeconomics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.
Principles of Microeconomics 2e is licensed under a Creative Commons Attribution 4.0 International (CC BY) license, which means that you can distribute, remix, and build upon the content, as long as you provide attribution to OpenStax and its content contributors.