Principles of microeconomics /
Betsey Stevenson and Justin Wolfers.
- Second edition.
- xl, GR-7, 535, [G-5, I-10] pages : illustrations ; 28 cm.
Includes index.
Part I. Foundations of economic -- The four core principles of economics -- Demand and consumer choice -- Supply and producer choice -- Equilibrium: where supply meets demand -- Part II. Analyzing markets -- Elasticity: measuring responsiveness -- Taxes, price controls, and quantity regulations -- Welfare economics: evaluating market efficiency and market failure -- Comparative advantage and gains from trade -- Part III. Applications and policy issues -- International trade -- Externalities and public goods -- The labor market -- Why wages vary: workers, jobs, institutions, and discrimination -- Inequality, poverty, and social insurance -- Part IV. Industrial organization and business strategy -- Market structure and degrees of market power -- Entry, exit, and long-run profitability -- Price discrimination and sophisticated pricing strategies -- Economics of strategic management -- Part V. Advanced decisions -- Game theory and strategic choices -- Decisions involving private information -- Decisions involving uncertainty.
"College text with emphasis on the principles of microeconomics"--