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Economics Today: The Micro View, 20th edition

Published by Pearson (January 19, 2021) © 2021

  • Roger LeRoy Miller Institute for University Studies, Arlington Texas
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Economics Today: The Micro View addresses real, cutting-edge issues and brings economic concepts to life. The text illustrates how economics is front and center in your daily routine, connecting key concepts to real-life experiences. It also provides you with ways to evaluate your understanding of the material, before moving on.

The 20th Edition includes emphasis on behavioral economics, along with all-new problems and features that help you focus on the central ideas in economics today. With a brand new video program, you can visualize and understand key economic principles in a modern and engaging way.

PART 1: INTRODUCTION

  1. The Nature of Economics
  2. Scarcity and the World of Trade-Offs
  3. Demand and Supply
  4. Extensions of Demand and Supply Analysis
  5. Public Spending and Public Choice
  6. Funding the Public Sector

PART 5: DIMENSIONS OF MICROECONOMICS

  1. Demand and Supply Elasticity
  2. Consumer Choice
  3. Rents, Profits, and the Financial Environment of Business

PART 6: MARKET STRUCTURE, RESOURCE ALLOCATION, AND REGULATION

  1. The Firm: Cost and Output Determination
  2. Perfect Competition
  3. Monopoly
  4. Monopolistic Competition
  5. Oligopoly and Strategic Behavior
  6. Regulation and Antitrust Policy in a Globalized Economy

PART 7: LABOR RESOURCES AND THE ENVIRONMENT

  1. The Labor Market
  2. Income, Poverty, and Health Care
  3. Environmental Economics

PART 8: GLOBAL ECONOMICS

  1. Comparative Advantage and the Open Economy
  2. Exchange Rates and the Balance of Payments

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