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Microeconomics, 8th edition

  • Glenn Hubbard
  • , Anthony Patrick O'Brien

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For 1-semester principles of microeconomics courses.

The relevance of economics, shown through real-world business examples

Microeconomics makes economic principles relevant by demonstrating how real businesses use them to make decisions every day. For instructors, it eases the challenge of conveying how these principles directly impact students' lives.

The 8th Edition exemplifies recent developments in US and world economies through new real-world business and policy examples. 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.

Published by Pearson (December 22nd 2021) - Copyright © 2023

ISBN-13: 9780137691234

Subject: Economics

Category: Principles of Microeconomics

PART 1: INTRODUCTION

  1. Economics: Foundations and Models
    • Appendix: Using Graphs and Formulas
  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
    • Appendix: Quantitative Demand and Supply Analysis

PART 2: MARKETS IN ACTION: POLICY AND APPLICATIONS

  1. Externalities, Environmental Policy, and Public Goods
  2. Elasticity: The Responsiveness of Demand and Supply
  3. The Economics of Health Care

PART 3: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES

  1. Firms, the Stock Market, and Corporate Governance
    • Appendix: Present Value
    • Online Appendix: Tools to Analyze Firms' Financial Information
  2. Comparative Advantage and the Gains from International Trade

PART 4: MICROECONOMIC FOUNDATIONS: CONSUMERS AND FIRMS

  1. Consumer Choice and Behavioral Economics
    • Appendix: Using Indifference Curves and Budget Lines to Understand Consumer Behavior
  2. Technology, Production, and Costs Online
    • Appendix: Using Isoquants and Isocost Lines to Understand Production and Cost

PART 5: MARKET STRUCTURE AND FIRM STRATEGY

  1. Firms in Perfectly Competitive Markets
  2. Monopolistic Competition: The Competitive Model in a More Realistic Setting
  3. Oligopoly: Firms in Less Competitive Markets
  4. Monopoly and Antitrust Policy

PART 6: LABOR MARKETS, PUBLIC CHOICE, AND THE DISTRIBUTION OF INCOME

  1. The Markets for Labor and Other Factors of Production
  2. Public Choice, Taxes, and the Distribution of Income