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Exploring Microeconomics, 6th Edition

  • Robert L. Sexton Pepperdine University
  • ISBN-10: 1111970327  |  ISBN-13: 9781111970321
  • 608 Pages
  • Previous Editions: 2011, 2008, 2005
  • © 2013 | Published
  • List Price = $ 298.95
  • For quantity discounts, Contact your Representative
  • For single copy purchases, visit CengageBrain.com
  • Newer Edition Available

About

Overview

EXPLORING MICROECONOMICS, 6TH EDITION, was designed specifically to promote economic literacy and help you appreciate how economics affects your everyday life. This engaging text combines innovative learning tools, a visually appealing design, and captivating content to help you easily absorb information and master key concepts. Packed with examples from current events and pop culture, EXPLORING MICROECONOMICS succeeds like no other book in conveying the excitement and real-world relevance of economics.

Features and Benefits

  • The Aplia supplement is a comprehensive collection of interactive problem sets, analysis, tutorials, and experiments that require students to take an active role in the learning process. Students benefit from hands-on applications without creating extra work for instructors. Homework that is automatically graded and recorded can be assigned.
  • The text builds on well-known principles of learning and memory to help students absorb the material more easily and completely. Each chapter includes several short sections of just three to six pages that function as self-contained learning units, providing greater flexibility for instructors and allowing students to more readily grasp and retain information.
  • Each chapter is packed with material highlighting the connection between economics and everyday issues, including hot topics such as sex on television, property rights, song swapping, and more. "In the News" synopses present relevant, thought-provoking news stories, while "Global Watch" features explore economic causes and implications of international current events, and "Using What You've Learned" exercises challenge students to apply key concepts from the text.
  • An appealing design and abundant visual elements keep students engaged and actively learning, while photos, graphs, tables, and charts throughout the text help to illustrate, clarify, and reinforce key economic principles.
  • Sexton's dynamic writing style helps students stay interested in the material, while the text's brief, easy-to-digest sections, built-in review questions, and frequent real-life examples and applications make learning easier and more effective.

Table of Contents

Part I: INTRODUCTION.
1. The Role and Method of Economics.
2. Economics: Eight Powerful Ideas.
3. Scarcity, Trade-Off, and Production Possibilities.
Part II: SUPPLY AND DEMAND.
4. Demand, Supply and Market Equilibrium.
5. Markets in Motion and Price Controls.
6. Elasticity.
Part III: MARKET EFFICIENCY, MARKET FAILURE, AND THE PUBLIC SYSTEM.
7. Market Efficiency and Welfare.
8. Market Failure.
9. Public Finance and Public Choice.
Part IV: HOUSEHOLDS AND MARKET STRUCTURE.
10. Consumer Choice Theory.
11. The Firm: Production and Cost.
12. Firms in Perfectly Competitive Markets.
13. Monopoly and Antitrust.
14. Monopolistic Competition and Product Differentiation.
15. Oligopoly and Strategic Behavior.
Part V: INPUT MARKETS AND MICROECONOMIC POLICY ISSUES.
16. The Markets for Labor, Capital, and Land.
17. Income, Poverty and Health Care.
Part VI: THE GLOBAL ECONOMY.
18. International Trade.
19. International Finance.

What's New

  • NEW! Economic Content Standards (ECS) from the National Council of Economic Education are set in the margin where the content is introduced. This addition helps to establish clear learning objectives and ties the text to these objectives.
  • NEW! Over the years, student questions have been tracked. These FAQs (Frequently Asked Questions) are highlighted in the margins and offset by an icon with students raising their hands in class.
  • NEW! Chapter openers have been added to each chapter. These are designed to capture the student's interest as soon as they begin reading the chapter.
  • NEW! Multiple choice questions have been added to the end of each section in the chapter. These questions, plus the short answer questions, highlight the assessment-driven approach to the text.
  • NEW! A number of new In the News, Global Watch and photos with captions have been added. Many of these new features connect the real world to student lives.

Learning Resource Bundles

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Learning Consultant for more information.

Printed Text + CengageNOW with eBook Instant Access Code

ISBN-10: 1285260422  | ISBN-13: 9781285260426

List Price = $311.95  | CengageBrain Price = $311.95


Bundle: Text + Economic CourseMate with eBook Printed Access Card

ISBN-10:  1285260406  | ISBN-13:  9781285260402

List Price = $311.95


Printed Text + Aplia Instant Access

ISBN-10:  1285260414  | ISBN-13:  9781285260419

List Price = $311.95  | CengageBrain Price = $311.95


Printed Text + Economic CourseMate with eBook Instant Access Code

ISBN-10:  1285260449  | ISBN-13:  9781285260440

List Price = $311.95  | CengageBrain Price = $311.95


ePack: Text + Aplia Instant Access + LMS Integrated for Aplia™, 1 term Instant Access

ISBN-10:  130512765X  | ISBN-13:  9781305127654

List Price = $325.95  | CengageBrain Price = $325.95


Printed Text + Aplia 1-Semester Printed Access Card + LMS Integrated for Aplia™, 1 term Instant Access

ISBN-10:  1305124111  | ISBN-13:  9781305124110

List Price = $325.95  | CengageBrain Price = $325.95


ePack: Text + Aplia Instant Access for Traditional Economics

ISBN-10:  1305413369 | ISBN-13:  9781305413368

List Price = $311.95  | CengageBrain Price = $311.95


Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Instructor's Resource CD-ROM  (ISBN-10: 1111970297 | ISBN-13: 9781111970291)

The Instructor's Resource CD-ROM includes the Instructor's Manual, Solutions Manual, Test Bank, ExamView®, and PowerPoint® presentations. Intended for use with all 3 versions of Sexton 6e.

CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Community Server, Global Economic Crisis - Global Issues in Context, 1 term (6 months) Instant Access  (ISBN-10: 1111960372 | ISBN-13: 9781111960377)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Maximize your course success with the integrated eBook and chapter-specific learning tools that include flashcards, quizzes, videos, and more in your CourseMate. Key Features: Interactive eBook, Engagement Tracker, Learning Objectives, Tutorial Quizzes, Glossary and Flashcards, and Web Links and References.

List Price = $209.00  | CengageBrain Price = $209.00  | College Bookstore Wholesale Price = $209.00

Aplia™, 1 term Instant Access  (ISBN-10: 1133494129 | ISBN-13: 9781133494126)

Aplia provides students with an easy way to stay on top of coursework with regularly scheduled assignments. Aplia has been used by more than 1,000,000 students at over 1,300 institutions. Aplia's economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging. Students receive immediate, detailed explanations for every answer. Math and graphing tutorials help students overcome deficiencies in these crucial areas. Economics articles from top news sources challenge students to connect current events to course concepts.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

CengageNOW™, 1 term (6 months) Instant Access  (ISBN-10: 1133962831 | ISBN-13: 9781133962830)

Bring a new level of ease in preparation and student understanding to your course with CengageNOW. This innovative, integrated online course management and student learning system combines the best of current technology to save you time in planning your course and student assignments, help you teach with the latest built-in course support materials, reinforce comprehension with customized student learning paths, efficiently test student knowledge, and automatically grade assignments and tests. Take full advantage of this time-saving, effective resource with Cengage Learning's specialized training and service program for CengageNOW. For more information, visit academic.cengage.com/cengagenow.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

Aplia with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access  (ISBN-10: 1133586759 | ISBN-13: 9781133586753)

Succeed in your course with Aplia's interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for EXPLORING MICROECONOMICS, 6th Edition, including step-by-step explanations that help you improve your reasoning and skills, interactive assignments that help you understand difficult or counterintuitive concepts, and more. You'll also receive access to Write Experience 2.0, an innovative system that scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence.

List Price = $136.00  | CengageBrain Price = $136.00  | College Bookstore Wholesale Price = $136.00

Student Supplements

LMS Integrated for Aplia™, 1 term Instant Access  (ISBN-10: 1285323858 | ISBN-13: 9781285323855)

Succeed in your microeconomics course with one full semester of access to Aplia's interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for EXPLORING MICROECONOMICS, 6th Edition. Aplia has already helped more than a million students succeed in college classes.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

MindLink for CengageNOW™, 1 term (6 months) Instant Access  (ISBN-10: 1285322177 | ISBN-13: 9781285322179)

Succeed in your microeconomics course with CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Community Server, Global Economic Crisis - Global Issues in Context, 1 term (6 months) Instant Access  (ISBN-10: 1111960372 | ISBN-13: 9781111960377)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Maximize your course success with the integrated eBook and chapter-specific learning tools that include flashcards, quizzes, videos, and more in your CourseMate. Key Features: Interactive eBook, Engagement Tracker, Learning Objectives, Tutorial Quizzes, Glossary and Flashcards, and Web Links and References.

List Price = $209.00  | CengageBrain Price = $209.00  | College Bookstore Wholesale Price = $209.00

Aplia™, 1 term Instant Access  (ISBN-10: 1133494129 | ISBN-13: 9781133494126)

Aplia provides students with an easy way to stay on top of coursework with regularly scheduled assignments. Aplia has been used by more than 1,000,000 students at over 1,300 institutions. Aplia's economics students use interactive chapter assignments, tutorials, news analyses, and experiments to make economics relevant and engaging. Students receive immediate, detailed explanations for every answer. Math and graphing tutorials help students overcome deficiencies in these crucial areas. Economics articles from top news sources challenge students to connect current events to course concepts.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

CengageNOW™, 1 term (6 months) Instant Access  (ISBN-10: 1133962831 | ISBN-13: 9781133962830)

Bring a new level of ease in preparation and student understanding to your course with CengageNOW. This innovative, integrated online course management and student learning system combines the best of current technology to save you time in planning your course and student assignments, help you teach with the latest built-in course support materials, reinforce comprehension with customized student learning paths, efficiently test student knowledge, and automatically grade assignments and tests. Take full advantage of this time-saving, effective resource with Cengage Learning's specialized training and service program for CengageNOW. For more information, visit academic.cengage.com/cengagenow.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

CengageNOW with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access  (ISBN-10: 1285072375 | ISBN-13: 9781285072371)

Have the tools you need to be successful A variety of tools are available in CengageNOW, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Stay ahead of the course requirements CengageNOW shows you the path through your course—from first day through finals. Once you know what’s expected, it’s easier to complete your assignments. Gain understanding that stays with you Do well on tests as well as the assignments! Bridge the gap between homework and tests by using CengageNOW to truly understand the material. Self-study and review materials keep you on the right track, to make sure your understanding goes beyond memorization. Set yourself up for better grades Why wonder where you stand? CengageNOW includes trackable assignments and grades. It tells you what to do to improve your grade, and gives you the tools to accomplish it! Student Testimonials: “I love the check your work option. Really, when you’re having a hard time figuring out an answer, sometimes working backwards is the best way to understand conceptually what you’re doing wrong.” - Brad Duncan University of Utah “I liked the videos because they were short enough to teach me and because they were short, I was able to find time to watch them again and again if I did not understand the first time.” - Jennifer Wright Northeast Wisconsin Technical College CTA: Ask your instructor about CengageNOW for this course.

List Price = $136.00  | CengageBrain Price = $136.00  | College Bookstore Wholesale Price = $136.00

Cengage Learning Write Experience 2.0 Powered by MyAccess with eBook, 1 term (6 months) Instant Access  (ISBN-10: 1133586732 | ISBN-13: 9781133586739)

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

Aplia with Cengage Learning Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access  (ISBN-10: 1133586759 | ISBN-13: 9781133586753)

Succeed in your course with Aplia's interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for EXPLORING MICROECONOMICS, 6th Edition, including step-by-step explanations that help you improve your reasoning and skills, interactive assignments that help you understand difficult or counterintuitive concepts, and more. You'll also receive access to Write Experience 2.0, an innovative system that scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence.

List Price = $136.00  | CengageBrain Price = $136.00  | College Bookstore Wholesale Price = $136.00

MindTap® Economics, 1 term (6 months) Instant Access for Sexton's Exploring Microeconomics  (ISBN-10: 128538217X | ISBN-13: 9781285382173)

MindTap was created to harness the power of technology to drive student success. This cloud-based platform integrates a number of learning applications (“apps”) into an easy-to-use and easy to access tool that supports a personalized learning experience. MindTap combines student learning tools-readings, multimedia, activities and assessments-into a singular Learning Path that guides you through your economics course.

List Price = $126.00  | CengageBrain Price = $126.00  | College Bookstore Wholesale Price = $126.00

MindLink for CengageNOW™, Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access  (ISBN-10: 1285321499 | ISBN-13: 9781285321493)

Succeed in your economics course with CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade. You'll also receive access to Write Experience 2.0, an innovative system that scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence.

List Price = $136.00  | CengageBrain Price = $136.00  | College Bookstore Wholesale Price = $136.00

Meet the Author

Author Bio

Robert L. Sexton

A distinguished professor of economics at Pepperdine University's Seaver College, Robert Sexton is a graduate of California Lutheran College and received his M.A. and Ph.D. degrees from the University of Colorado. Dr. Sexton writes frequently for economic and business journals and is the author of nine books on economics, including his newly released EXPLORING ECONOMICS and Survey of ECON published by South-Western/Cengage Learning. His research spans American economic history, economic policy analysis, statutes and enforcement costs, public choice, regional economics, migration, and economic education. Professor Sexton has been a visiting professor at UCLA and was Pepperdine's 1991 Professor of the Year. His professional achievements have been recognized with the Howard A. White Memorial Teaching Award, the Luckman Distinguished Teaching Fellowship, and multiple Merit Acceleration Awards for excellence in teaching and research.