The economy is tough -- but understanding microeconomics doesn’t have to be. In fact, opening the world of economics can be exciting with Arnold's popular MICROECONOMICS, 14E. Economic tools, new thinking and theories show you how microeconomic forces impact daily events and form an important part of life 24/7. Current, everyday microeconomic examples and updated discussions and learning features illustrate many unexpected places economics can occur.
- Updated "Economics 24/7" Features Demonstrate microeconomics at work in daily life.
- What’s wrong with this diagram?" and related features help students master diagrams for microeconomics.
- Office hours" learning feature gives a behind the scenes explanation of chapter topics.
- "Finding economics" brief features lift examples of microeconomics in students' daily lives.
- "Thinking like an economist" features highlight how today's economists approach topics.
- Three new chapters address important, influential topics in microeconomics today.
1. What Economics Is About
2. Production Possibilities Frontier Framework
3. Supply and Demand: Theory
4. Prices: Free, Controlled, and Relative
5. Supply, Demand, and Price: Applications
Microeconomics
6. Elasticity
7. Consumer Choice: Maximizing Utility and Behavioral Economics
8. Production and Costs
9. Perfect Competition
10. Monopoly
11. Monopolistic Competition, Oligopoly, and Game Theory
12. Government and Product Markets: Antitrust and Regulation
13. Factor Markets: With Emphasis on the Labor Market
14. Wages, Unions, and Labo
15. The Distribution of Income and Poverty
16. Interest, Rent, and Profit
17. Health Economics: Experiments, Disparities, and Prices
18. Market Failure: Externalities, Public Goods, and Asymmetric Information
19. Public Choice and Special-Interest-Group Politics
20. Creative Destruction and Crony Capitalism: Two Forces on the Economic Landscape Today
21. New Frontiers in Economic Research: Causal Inference and Machine Learning
22. International Trade
23. International Finance
Roger A. Arnold
Dr. Roger Arnold is at California State University San Marcos, where his fields of specialization are general microeconomic theory and monetary theory.
Daniel R Arnold
Dr. Daniel Arnold is a research economist in the School of Public Health at University of California, Berkeley, where his field of specialization is health economics.
David H Arnold
Dr. David Arnold is at University of California, San Diego, where his fields of specialization are labor economics, imperfect competition, and discrimination.
