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Microeconomics, 9th edition

Published by Pearson (June 26, 2024) © 2025

  • Glenn Hubbard Columbia University
  • Anthony Patrick O'Brien

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In this eTextbook — More ways to learn

  • More guidance. Complete assignments and stay on track.
  • More progress. See how you’re doing and improve at every step.
  • More support. Get AI help and quick translations.
  • More interactive. Learn through audio, video, and practice.
  • More memorable. Study better with notes, highlights, and flashcards.
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  • A print edition you can rent
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Title overview

Microeconomics makes economic principles relevant by demonstrating how businesses, individuals and policymakers use them to make decisions every day.

The 9th Edition incorporates recent developments in US and world economies through new real-world business and policy examples. No matter your career path, whether you become an artist, banker, engineer or social worker, you’ll benefit from understanding and applying economic principles.

Table of contents

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

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