Principles of Microeconomics, 13th edition

Published by Pearson (September 15, 2020) © 2020

  • Karl E. Case Wellesley College
  • Ray C. Fair Yale University
  • Sharon E. Oster Yale University

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ISBN-13: 9780135636756 (2020 update)
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Reviewers tell us that Case, Fair, and Oster's Principles of Economics is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough and complete. After reading this text, you'll have a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly.

The 13th Edition features the latest research and new exercises. You'll begin to learn the art and science of economic thinking and start to look at some policy, and even personal decisions, in a different way.

PART 1: INTRODUCTION TO ECONOMICS

  1. The Scope and Method of Economics
  2. The Economic Problem: Scarcity and Choice
  3. Demand, Supply, and Market Equilibrium
  4. Demand and Supply Applications
  5. Elasticity

PART 2: THE MARKET SYSTEM

  1. Household Behavior and Consumer Choice
  2. The Production Process: The Behavior of Profit-Maximizing Firms
  3. Short-Run Costs and Output Decisions
  4. Long-Run Costs and Output Decisions
  5. Input Demand: The Labor and Land Markets
  6. Input Demand: The Capital Market and the Investment Decision
  7. General Equilibrium and the Efficiency of Perfect Competition

PART 3: MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT

  1. Monopoly and Antitrust Policy
  2. Oligopoly
  3. Monopolistic Competition
  4. Externalities, Public Goods, and Common Resources
  5. Uncertainty and Asymmetric Information
  6. Income Distribution and Poverty
  7. Public Finance: The Economics of Taxation

PART 4: THE WORLD ECONOMY

  1. International Trade, Comparative Advantage, and Protectionism
  2. Economic Growth in Developing Economies

PART 5: METHODOLOGY

  1. Critical Thinking about Research

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