Intended primarily for the one semester principles of microeconomics course, this text also provides practical content to current and aspiring industry professionals.
Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling POE texts because they trust it to be clear, thorough and complete. Case/Fair/Oster readers also come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. Readers begin to learn the art and science of economic thinking and begin to look at some policy and even personal decisions in a different way.
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Table of Contents
|Part I: INTRODUCTION TO ECONOMICS|
|Ch. 1: The Scope and Method of Economics|
|Ch.¿2: The Economic Problem: Scarcity and Choice|
|Ch¿3: Demand, Supply, and Market Equilibrium|
|Ch. 4: Demand and Supply Applications|
|Ch. 5:¿ Elasticity|
|Part II: THE MARKET SYSTEM: CHOICES MADE BY HOUSEHOLDS AND FIRMS|
|Ch. 6:¿ Household Behavior and Consumer Choice|
|Ch. 7: The Production Process: The Behavior of Profit-Maximizing Firms|
|Ch. 8: Short-Run Costs and Output Decisions|
|¿Ch. 9: Long-Run Costs and Output Decisions|
|Ch. 10: Input Demand: The Labor and Land Markets|
|Ch. 1:. Input Demand: The Capital Market and the Investment Decision|
|Ch. 12: General Equilibrium and the Efficiency of Perfect Competition|
|Part III: MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT|
|Ch. 13: Monopoly and Antitrust Policy|
|Ch. 14: Oligopoly|
|Ch. 15: Monopolistic Competition|
|Ch. 16: Externalities, Public Goods, and Social Choice|
|Ch. 17: Uncertainty and Asymmetric Information|
|Ch. 18: Income Distribution and Poverty|
|Ch. 19: Public Finance: The Economics of Taxation |
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