Microeconomics: Private and Public Choice
By James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Prepare students to apply microeconomic concepts to the world around them as MICROECONOMICS: PRIVATE AND PUBLIC CHOICE, 16E reflects current economic conditions. This readable book integrates public choice analysis and explains the operation of markets and the political process as well as market failure and government failure. The book emphasizes why it is vital to understand both the market and political processes since approximately 40 percent of national income is allocated through the political process. This book dispels common economic myths and uses the "invisible hand" metaphor to explain economic theory, demonstrating how it works to stimulate the economy. This edition includes Aplia online learning solutions with revised questions, accessibility on mobile devices, improved graphing, and a new interactive eReader with videos and graphing tutorials.
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MindTap Economics, 1 term (6 months) Instant Access for Gwartney/Stroup/Sobel/Macpherson's Microeconomics: Private and Public Choice
MindTap Economics for Gwartney/Stroup/Sobel/Macpherson's Microeconomics: Private and Public Choice, 16th Edition, is the digital learning solution that helps instructors engage and transform today’s…
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About this product
Prepare students to apply microeconomic concepts to the world around them as MICROECONOMICS: PRIVATE AND PUBLIC CHOICE, 16E reflects current economic conditions. This readable book integrates public choice analysis and explains the operation of markets and the political process as well as market failure and government failure. The book emphasizes why it is vital to understand both the market and political processes since approximately 40 percent of national income is allocated through the political process. This book dispels common economic myths and uses the "invisible hand" metaphor to explain economic theory, demonstrating how it works to stimulate the economy. This edition includes Aplia online learning solutions with revised questions, accessibility on mobile devices, improved graphing, and a new interactive eReader with videos and graphing tutorials.
APPLICATION BOXES HELP STUDENTS DRAW PARALLELS BETWEEN MICROECONOMICS AND PERTINENT TOPICS. Students see the relevance of what they are learning as they examine the relationships within key economic topics, such as supply, demand, financial bailouts, capital markets, and poverty.
SECTION HIGHLIGHTS MICROECONOMIC THINKING ABOUT GOVERNMENT. Students view today’s government involvement and decisions from a unique economic perspective using the latest information as well as historic data on the Great Recession and lessons learned from the Great Depression.
COMPREHENSIVE ANALYSIS OF INTERNATIONAL TRADE EXAMINES ITS IMPACT. Students carefully review the influence of international trade on growth and the prosperity of nations today.
PRACTICAL APPROACH APPLIES MICROECONOMIC THEORY TO CURRENT ISSUES AND CONTROVERSIES. Students see the relevance of the theories they are learning as they apply what they learn directly to pertinent topics in the world around them.
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