Foundations of microeconomics / / Robin Bade, Michael Parkin

• Autore: Bade Robin
• Pubblicazione: Boston : , : Pearson, , 2015
• Edizione: Seventh edition, global edition.
• Descrizione fisica: 1 online resource (599 pages) : color illustrations, tables, graphs, photographs
• Disciplina: 338.5
• Soggetto topico: Microeconomics
• Persona (resp. second.): ParkinMichael
• Note generali: Includes index.
• Nota di contenuto: Cover -- Title -- Copyright -- Contents -- Part 1 Introduction -- Chapter 1 Getting Started -- Chapter Checklist -- 1.1 Definition and Questions -- Scarcity -- Economics Defined -- What, How, and For Whom? -- Can the Pursuit of Self-Interest Be in the Social Interest? -- Checkpoint 1.1 -- 1.2 The Economic Way of Thinking -- Economic Ideas -- A Choice Is a Tradeoff -- Cost: What You Must Give Up -- Benefit: What You Gain -- Rational Choice -- How Much? Choosing at the Margin -- Choices Respond to Incentives -- Economics as Social Science -- Economics as Policy Tool -- Checkpoint 1.2 -- Chapter Summary -- Chapter Checkpoint -- Appendix: Making and Using Graphs -- Basic Idea -- Interpreting Data Graphs -- Interpreting Graphs Used in Economic Models -- The Slope of a Relationship -- Relationships Among More Than Two Variables -- Appendix Checkpoint -- EYE on the PAST: Adam Smith and the Birth of Economics as a Social Science -- EYE on the BENEFIT AND COST OF SCHOOL: Did You Make the Right Decision? -- Chapter 2 The U.S. and Global Economies -- Chapter Checklist -- 2.1 What, How, and For Whom? -- What Do We Produce? -- How Do We Produce? -- For Whom Do We Produce? -- Checkpoint 2.1 -- 2.2 The Global Economy -- The People -- The Economies -- What in the Global Economy? -- How in the Global Economy? -- For Whom in the Global Economy? -- Checkpoint 2.2 -- 2.3 The Circular Flows -- Households and Firms -- Markets -- Real Flows and Money Flows -- Governments -- Governments in the Circular Flow -- Circular Flows in the Global Economy -- Checkpoint 2.3 -- Chapter Summary -- Chapter Checkpoint -- EYE on the U.S. ECONOMY: What We Produce -- EYE on the PAST: Changes in What We Produce -- EYE on the U.S. ECONOMY: Changes in How We Produce in the Information Economy -- EYE on the DREAMLINER: Who Makes the Dreamliner?. ; EYE on the GLOBAL ECONOMY: Differences in How We Produce -- EYE on YOUR LIFE: The U.S. and Global Economies in Your Life -- EYE on the PAST: Growing Government -- EYE on the GLOBAL ECONOMY: The Ups and Downs in International Trade -- Chapter 3 The Economic Problem -- Chapter Checklist -- 3.1 Production Possibilities -- Production Possibilities Frontier -- Checkpoint 3.1 -- 3.2 Opportunity Cost -- The Opportunity Cost of a Cell Phone -- Opportunity Cost and the Slope of the PPF -- Opportunity Cost Is a Ratio -- Increasing Opportunity Costs Are Everywhere -- Your Increasing Opportunity Cost -- Checkpoint 3.2 -- 3.3 Economic Growth -- Checkpoint 3.3 -- 3.4 Specialization and Trade -- Absolute Advantage and Comparative Advantage -- Comparative Advantage: An Example -- Achieving Gains from Trade -- Checkpoint 3.4 -- Chapter Summary -- Chapter Checkpoint -- EYE on YOUR LIFE: Your Production Possibilities Frontier -- EYE on the ENVIRONMENT: Is Wind Power Free? -- EYE on the U.S. ECONOMY: Expanding Our Production Possibilities -- EYE on the GLOBAL ECONOMY: Hong Kong's Rapid Economic Growth -- EYE on the U.S. ECONOMY: No One Knows How to Make a Pencil -- EYE on YOUR LIFE: Your Comparative Advantage -- Chapter 4 Demand and Supply -- Chapter Checklist -- Competitive Markets -- 4.1 Demand -- The Law of Demand -- Demand Schedule and Demand Curve -- Individual Demand and Market Demand -- Changes in Demand -- Change in Quantity Demanded Versus Change in Demand -- Checkpoint 4.1 -- 4.2 Supply -- The Law of Supply -- Supply Schedule and Supply Curve -- Individual Supply and Market Supply -- Changes in Supply -- Change in Quantity Supplied Versus Change in Supply -- Checkpoint 4.2 -- 4.3 Market Equilibrium -- Price: A Market's Automatic Regulator -- Predicting Price Changes: Three Questions -- Effects of Changes in Demand -- Effects of Changes in Supply. ; Effects of Changes in Both Demand and Supply -- Checkpoint 4.3 -- Chapter Summary -- Chapter Checkpoint -- EYE on YOUR LIFE: Understanding and Using Demand and Supply -- EYE on TUITION: Why Does Tuition Keep Rising? -- EYE on the GLOBAL ECONOMY: The Market for Solar Panels -- Part 2 A Closer Look at Markets -- Chapter 5 Elasticities of Demand and Supply -- Chapter Checklist -- 5.1 The Price Elasticity of Demand -- Percentage Change in Price -- Percentage Change in Quantity Demanded -- Comparing the Percentage Changes in Price and Quantity -- Elastic and Inelastic Demand -- Influences on the Price Elasticity of Demand -- Computing the Price Elasticity of Demand -- Interpreting the Price Elasticity of Demand Number -- Elasticity Along a Linear Demand Curve -- Total Revenue and the Price Elasticity of Demand -- Applications of the Price Elasticity of Demand -- Checkpoint 5.1 -- 5.2 The Price Elasticity of Supply -- Elastic and Inelastic Supply -- Influences on the Price Elasticity of Supply -- Computing the Price Elasticity of Supply -- Checkpoint 5.2 -- 5.3 Cross Elasticity and Income Elasticity -- Cross Elasticity of Demand -- Income Elasticity of Demand -- Checkpoint 5.3 -- Chapter Summary -- Chapter Checkpoint -- EYE on the GLOBAL ECONOMY: Price Elasticities of Demand -- EYE on the PRICE OF GASOLINE: What Do You Do When the Price of Gasoline Rises? -- EYE on YOUR LIFE: Your Price Elasticities of Demand -- Chapter 6 Efficiency and Fairness of Markets -- Chapter Checklist -- 6.1 Allocation Methods and efficiency -- Resource Allocation Methods -- Using Resources Efficiently -- Checkpoint 6.1 -- 6.2 Value, Price, and Consumer Surplus -- Demand and Marginal Benefit -- Consumer Surplus -- Checkpoint 6.2 -- 6.3 Cost, Price, and Producer Surplus -- Supply and Marginal Cost -- Producer Surplus -- Checkpoint 6.3 -- 6.4 Are Markets Efficient?. ; Marginal Benefit Equals Marginal Cost -- Total Surplus Is Maximized -- The Invisible Hand -- Market Failure -- Sources of Market Failure -- Alternatives to the Market -- Checkpoint 6.4 -- 6.5 Are Markets Fair? -- It's Not Fair If the Rules Aren't Fair -- It's Not Fair If the Result Isn't Fair -- Compromise -- Checkpoint 6.5 -- Chapter Summary -- Chapter Checkpoint -- EYE on the U.S. ECONOMY: The Invisible Hand and e-Commerce -- EYE on PRICE GOUGING: Should Price Gouging Be Illegal? -- EYE on YOUR LIFE: Allocation Methods, Efficiency, and Fairness -- Part 3 How Governments Influence the Economy -- Chapter 7 Government Actions in Markets -- Chapter Checklist -- 7.1 Price Ceilings -- A Rent Ceiling -- Are Rent Ceilings Efficient? -- Are Rent Ceilings Fair? -- If Rent Ceilings Are So Bad, Why Do We Have Them? -- Checkpoint 7.1 -- 7.2 Price Floors -- The Minimum Wage -- Is the Minimum Wage Efficient? -- Is the Minimum Wage Fair? -- If the Minimum Wage Is So Bad, Why Do We Have It? -- Checkpoint 7.2 -- 7.3 Price Supports in Agriculture -- How Governments Intervene in Markets for Farm Products -- Price Support: An Illustration -- Checkpoint 7.3 -- Chapter Summary -- Chapter Checkpoint -- EYE on the U.S. ECONOMY: The Federal Minimum Wage -- EYE on PRICE REGULATION: Can the President Repeal the Laws of Supply and Demand? -- EYE on YOUR LIFE: Price Ceilings and Price Floors -- Chapter 8 Taxes -- Chapter Checklist -- 8.1 Taxes on Buyers and Sellers -- Tax Incidence -- Taxes and Efficiency -- Incidence, Inefficiency, and Elasticity -- Incidence, Inefficiency, and the Elasticity of Demand -- Incidence, Inefficiency, and the Elasticity of Supply -- Checkpoint 8.1 -- 8.2 Income Tax and Social Security Tax -- The Personal Income Tax -- The Effects of the Income Tax -- The Social Security Tax -- Checkpoint 8.2 -- 8.3 Fairness and the Big Tradeoff. ; The Benefits Principle -- The Ability-to-Pay Principle -- The Marriage Tax Problem -- The Big Tradeoff -- Checkpoint 8.3 -- Chapter Summary -- Chapter Checkpoint -- EYE on the U.S. ECONOMY: Taxes in the United States Today -- EYE on CONGRESS: Does Congress Decide Who Pays the Taxes? -- EYE on the PAST: The Origins and History of the U.S. Income Tax -- EYE on YOUR LIFE: Tax Freedom Day -- Chapter 9 Global Markets in Action -- Chapter Checklist -- 9.1 How Global Markets Work -- International Trade Today -- What Drives International Trade? -- Why the United States Imports T-Shirts -- Why the United States Exports Airplanes -- Checkpoint 9.1 -- 9.2 Winners, Losers, and Net Gains From Trade -- Gains and Losses from Imports -- Gains and Losses from Exports -- Checkpoint 9.2 -- 9.3 International Trade Restrictions -- Tariffs -- Import Quotas -- Other Import Barriers -- Export Subsidies -- Checkpoint 9.3 -- 9.4 The Case Against Protection -- Three Traditional Arguments for Protection -- Four Newer Arguments for Protection -- Why Is International Trade Restricted? -- Checkpoint 9.4 -- Chapter Summary -- Chapter Checkpoint -- EYE on the U.S. ECONOMY: U.S. Exports and Imports -- EYE on GLOBALIZATION: Who Wins and Who Loses from Globalization? -- EYE on the PAST: The History of U.S. Tariffs -- EYE on YOUR LIFE: International Trade -- Part 4 Market Failure and Public Policy -- Chapter 10 Externalities -- Chapter Checklist -- Externalities in Our Daily Lives -- Negative Production Externalities -- Positive Production Externalities -- Negative Consumption Externalities -- Positive Consumption Externalities -- 10.1 Negative Externalities: Pollution -- Private Costs and Social Costs -- Production and Pollution: How Much? -- Establish Property Rights -- Mandate Clean Technology -- Tax or Cap and Price Pollution -- Checkpoint 10.1. ; 10.2 Positive Externalities: Education.
• Sommario/riassunto: For Principles of Microeconomics courses at two- and four-year colleges and universities A practice-oriented learning system that breaks the traditional textbook mold To help students focus on the most important concepts-and effectively practice application of those concepts-Foundations of Microeconomics is structured around a Checklist/Checkpoint system. The result is a patient, confidence-building program that prepares students to use economics in their everyday lives, regardless of what their future career will be. This program provides a better teaching and learning experience-for you and your students. It will help you to: Personalize learning with MyEconLab: This online homework, tutorial, and assessment program engages students in learning and provides instructors tools to keep students on track. Encourage students to learn by doing: A Checklist/Checkpoint system provides a practice-oriented framework that enables active learning. Command student attention and foster interest in the course: Engaging features draw students into the material, and keep them focused throughout the course. Provide engaging, fully updated content: New and updated material on contemporary topics better motivates students to discover the economic way of thinking. Please note that the product you are purchasing does not include MyEconLab. MyEconLab Join over 11 million students benefiting from Pearson MyLabs. This title can be supported by MyEconLab, an online homework and tutorial system designed to test and build your understanding. Would you like to use the power of MyEconLab to accelerate your learning? You need both an access card and a course ID to access MyEconLab. These are the steps you need to take: 1. Make sure that your lecturer is already using the system Ask your lecturer; before purchasing a MyLab product as you will need a course ID from them before you can gain access to the system. 2. Check whether an access card has been included with the book at a reduced cost If it has, it will be on the inside back cover of the book. 3. If you have a course ID but no access code, you can benefit from MyEconLab at a reduced price by purchasing a pack containing a copy of the book and an access code for MyEconLab (iISBN:9781292019277) 4. If your lecturer is using the MyLab and you would like to purchase the product... Go to www.myeconlab.com to buy access to this interactive study programme. For educator access, contact your Pearson representative. To find out who your Pearson representative is, visit www.pearsoned.co.uk/replocator.
• Titolo autorizzato: Foundations of microeconomics
• ISBN: 1-292-01905-0
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910153255103321
• Lo trovi qui: Univ. Federico II
• Serie: Always learning.