<h3>For 1-semester principles of microeconomics courses.</h3><p>The relevance of economics, shown through real-world business examples</p><p>Economics makes economic principles relevant by demonstrating how real businesses use them to make decisions. For instructors, it eases the challenge of conveying how these principles directly impact students' lives.&nbsp;No matter their career path, whether it's opening an art studio, trading on Wall Street or bartending at the local pub, students will benefit from grasping the economic forces behind their work.</p>

<ol><li>Economics: Foundations and Models</li><li>Trade-offs, Comparative Advantage, and the Market System</li><li>Where Prices Come From: The Interaction of Supply and Demand</li><li>Economic Efficiency, Government Price Setting, and Taxes</li><li>Externalities, Environmental Policy, and Public Goods</li><li>Elasticity: The Responsiveness of Demand and Supply</li><li>Comparative Advantage and the Gains from International Trade</li><li>Consumer Choice and Behavioural Economics</li><li>Technology, Production, and Costs</li><li>Firms in Perfectly Competitive Markets</li><li>Monopolistic Competition: The Competitive Model in a More Realistic Setting</li><li>Oligopoly: Firms in Less Competitive Markets</li><li>Monopoly and Competition Policy</li><li>The Markets for Labour and Other Factors of Production Public Choice, Taxes, and the Distribution of Income</li><li>Public Choice, Taxes, and the Distribution of Income</li></ol>

<p><span style="font-family: TIMES_NEW_ROMAN;">Economics makes economic principles relevant by demonstrating how real businesses use them to make decisions. For instructors, it eases the challenge of conveying how these principles directly impact students' lives.&nbsp;No matter their career path, whether it's opening an art studio, trading on Wall Street or bartending at the local pub, students will benefit from grasping the economic forces behind their work.</span></p><div><br></div><p class="MsoNormal"><o:p></o:p></p>

Glenn Hubbard

Anthony Patrick O'Brien

Apostolos Serletis

Jason Childs

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