000			03171nam a2200361 4500
001			OTLid0000214
003			MnU
005			20201105133307.0
006			m o d s
008			180907s2015 mnu o 0 0 eng d
020			_a
040			_aMnU _beng _cMnU
050		4	_aHB171.5
100	1		_aCurtis, Doug _eauthor
245	0	0	_aMicroeconomics _bMarkets, Methods and Models _cDoug Curtis
264		2	_bOpen Textbook Library
264		1	_bLyryx
300			_a1 online resource
490	0		_aOpen textbook library.
505	0		_aIntroduction to key ideas -- Theories, models and data -- The classical marketplace - demand and supply -- Measures of response: elasticities -- Welfare economics and externalities -- Individual choice -- Firms, investors and capital markets -- Production and cost -- Perfect competition -- Monopoly -- Imperfect competition -- Labour and capital -- Human capital and the income distribution -- Government -- International trade
520	0		_aMicroeconomics: Markets, Methods and Models provides a concise, yet complete, coverage of introductory microeconomic theory, application and policy in a Canadian and global environment. Our beginning is orthodox: we explain and develop the standard tools of analysis in the discipline. Economic policy is about the well-being of the economy's participants, and economic theory should inform economic policy. So we investigate the meaning of 'well-being' in the context of an efficient use of the economy's resources early in the text. We next develop an understanding of individual optimizing behaviour. This behaviour in turn is used to link household decisions on savings with firms' decisions on production, expansion and investment. A natural progression is to explain production and cost structures. From the individual level of household and firm decision making, the text then explores behaviour in a variety of different market structures. Markets for the inputs in the productive process - capital and labour - are a natural component of firm-level decisions. But education and human capital are omnipresent concepts and concerns in the modern economy, so we devote a complete chapter to them. The book then examines the role of a major and important non-market player in the economy - the government, and progresses to develop the key elements in the modern theory of international trade. Opportunity cost, a global economy and behavioural responses to incentives are the dominant themes. This book has been updated and revised by the publisher. A newer adaptation of this book is called Principles of Microeconomics.
542	1		_fAttribution-NonCommercial-ShareAlike
546			_aIn English.
588	0		_aDescription based on print resource
650		0	_aEconomics _vTextbooks
700	1		_aIrvine, Ian _eauthor
710	2		_aOpen Textbook Library _edistributor
856	4	0	_uhttps://open.umn.edu/opentextbooks/textbooks/214 _zAccess online version
999			_c19620 _d19620