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Microeconomics, 5/e


Microeconomics, 5/e
Author(s)  R. Glenn Hubbard and Anthony Patrick O Brien
ISBN  9789332586536
Imprint  Pearson Education
Copyright  2017
Pages  672
Binding  Paperback
List Price  Rs. 930.00
  
 
 

One of the challenges of teaching Principles of Microeconomics is fostering interest in concepts that may not seem applicable to students' lives. Microeconomics, Fifth Edition makes economics relevant by demonstrating how real businesses use economics to make decisions every day. Regardless of their future career path—opening an art studio, trading on Wall Street, or bartending at the local pub—students will benefit from understanding the economic forces behind their work.
 

  • About the Authors
  • Contents
  • Features
  • Downloadable Resources

"R.Glenn Hubbard is the dean and Professor of Finance and Economics in the Graduate School of Business at Columbia University and professor of economics in Columbia's Faculty of Arts and Sciences. He is also a research associate of the National Bureau of Economic Research and a director of Automatic Data Processing, Black Rock Closed-Ends Funds ,and MetLife. He received his Ph.D. in economics from Havard University in 1983



Anthony Patrick O'Brien is a professor of economics at Lehigh University. He received his Ph.D from the University of California, Berkeley, in 1987. He has taught principles of economics for more than 20 years, in both large sections and small honors classes. He received the Lehigh University Award for Distinguished Teaching.


 

 

I. Introduction


1. Economics: Foundations and Models


2. Trade-offs, Comparative Advantage, and the Market System


3. Where Prices Come From: The Interaction of Demand and Supply


4. Economic Efficiency, Government Price Setting, and Taxes



II. Markets in Action


5. Externalities, Environmental Policy, and Public Goods


6. Elasticity: The Responsiveness of Demand and Supply


7. The Economics of Health Care



III. Firms in the Domestic and International Economies


8. Firms, the Stock Market, and Corporate Governance


9. Comparative Advantage and the Gains from International Trade



IV. Microeconomic Foundations: Consumers and Firms


10. Consumer Choice and Behavioral Economics


11. Technology, Production, and Costs



V. Market Structure and Firm Strategy


12. Firms in Perfectly Competitive Markets


13. Monopolistic Competition: The Competitive Model in a More Realistic Setting


14. Oligopoly: Firms in Less Competitive Markets


15. Monopoly and Antitrust Policy


16. Pricing Strategy



VI. Labor Markets, Public Choice, and the Distribution of Income


17. The Markets for Labor and Other Factors of Production


18. Public Choice, Taxes, and the Distribution of Income"


 

 

• Real-world business chapter-opening cases 


• A Personal Dimension: Economics in Your Life feature in each chapter


• An Inside Look features at the end of each chapter help students apply economic thinking to current events and policy debates


• Making the Connection features help students tie economic concepts to current events and policy issues


• A heavily revised Chapter 7, The Economics of Health Care, now includes several new demand and supply graphs that make the chapter's content more analytical 


• Consumer Choice and Behavioral Economics, has been updated to include a new section on "The Behavioral Economics of Shopping,"


• An accessible writing style brings concepts to life


• Solved problems throughout the text provide models of how to solve an economic problem by breaking it down step-by-step.


• A flexible presentation of aggregate demand and aggregate supply (AD-AS)


 

 
Instructor Resources
 


 
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