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ECON MICRO

By William A. McEachern

6th Edition © 2019
Discipline:Economics
Course:Principles of Economics
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Through ongoing research into students’ workflows and preferences, ECON MICRO from 4LTR Press combines an easy-reference, paperback textbook with Chapter Review Cards, and an innovative online experience – all at an affordable price. New for this edition, MindTap is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course--to provide engaging content, to challenge every individual and to build their confidence. Empower students to accelerate their progress with MindTap.

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About this product

Through ongoing research into students’ workflows and preferences, ECON MICRO from 4LTR Press combines an easy-reference, paperback textbook with Chapter Review Cards, and an innovative online experience – all at an affordable price. New for this edition, MindTap is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course--to provide engaging content, to challenge every individual and to build their confidence. Empower students to accelerate their progress with MindTap.

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Table of contents

Chapters

Cover Page
Title Page
Copyright Page
1. The Art and Science of Economic Analysis*Preview this chapter
Appendix
2. Economic Tools and Economic Systems
3. Economic Decision Makers
4. Demand, Supply, and Markets
5. Elasticity of Demand and Supply
Appendix
6. Consumer Choice and Demand
7. Production and Cost in the Firm
8. Perfect Competition
9. Monopoly
10. Monopolistic Competition and Oligopoly
11. Resource Markets
12. Labor Markets and Labor Unions
13. Capital, Interest, Entrepreneurship, and Corporate Finance
14. Transaction Costs, Asymmetric Information, and Behavioral Economics
15. Economic Regulation and Antitrust Policy
16. Public Goods and Public Choice
17. Externalities and the Environment
18. Poverty and Redistribution
19. International Trade
20. International Finance
21. Economic Development
Show more

1. The Art and Science of Economic AnalysisPreview this chapter ↗

1-1. The Economic Problem: Scarce Resources, Unlimited Wants
Preview this section ↗
1-1a. Resources ↗
1-1b. Goods and Services ↗
1-1c. Economic Decision Makers and Markets ↗
1-1d. A Simple Circular-Flow Model ↗
1-2. The Art of Economic Analysis
Preview this section ↗
1-2a. Rational Self-Interest ↗
1-2b. Choice Requires Time and Information ↗
1-2c. Economic Analysis Is Marginal Analysis ↗
1-2d. Microeconomics and Macroeconomics ↗
1-3. The Science of Economic Analysis
Preview this section ↗
1-3a. The Role of Theory ↗
1-3b. The Scientific Method ↗
1-3c. Normative Versus Positive ↗
1-3d. Economists Tell Stories ↗
1-3e. Predicting Average Behavior ↗
1-4. Some Pitfalls of Faulty Economic Analysis
Preview this section ↗
The Fallacy That Association Is Causation ↗
1-5. If Economist Are So Smart, Why Aren’t They Rich? ↗
1-6. Final Word ↗
Chapter 1 Problems ↗

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