Microeconomics, 4th edition

Published by Pearson (September 22, 2021) © 2021

  • Glenn Hubbard Columbia University
  • Anne M. Garnett Murdoch University
  • Philip Lewis Formerly of University of Gloucestershire
  • Anthony Patrick O'Brien Lehigh University
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Economics with real-world business and policy examples to help illustrate the concepts

This edition of Microeconomics continues to present economics in the context of local and international real-world businesses and real-world policy debates that have proved effective for teaching and learning.

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  • PART 1 INTRODUCTION
  • Chapter 1 Economics: foundations and models
  • Appendix Using graphs and formulas
  • Chapter 2 Choices and trade-offs in the market
  • PART 2 HOW THE MARKET WORKS
  • Chapter 3 Where prices come from: the interaction of demand and supply
  • Chapter 4 Elasticity: the responsiveness of demand and supply
  • Chapter 5 Economic efficiency, government price setting and taxes
  • Appendix Quantitative demand and supply analysis
  • PART 3 CONSUMERS AND FIRMS
  • Chapter 6 Consumer choice and behavioural economics
  • Appendix Using indifference curves and budget lines to understand consumer behaviour
  • Chapter 7 Technology, production and costs
  • Appendix Using isoquants and isocosts to understand production and cost
  • PART 4 MARKET STRUCTURE AND FIRM STRATEGY
  • Chapter 8 Firms in perfectly competitive markets
  • Chapter 9 Monopoly markets
  • Appendix Price discrimination
  • Chapter 10 Monopolistic competition: the competitive model in a more realistic setting
  • Chapter 11 Oligopoly: markets with few competitors
  • Appendix Traditional models of oligopoly
  • PART 5 MARKETS FOR FACTORS OF PRODUCTION
  • Chapter 12 The markets for labour and other factors of production
  • PART 6 THE INTERNATIONAL ECONOMY
  • Chapter 13 Comparative advantage and the gains from international trade
  • PART 7 THE ROLE OF GOVERNMENT
  • Chapter 14 Government intervention in the market
  • Chapter 15 Externalities, environmental policy and public goods
  • Chapter 16 The distribution of income and social policy

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