Principles of Microeconomics

The third edition of Microeconomics is designed for students who have not previously studied economics. It provides a clear explanation of basic microeconomic principles through analogies, real-world exmaples and user-friendly graphs and illustrations.Thoroughly updated, while retaining the eonomy of exposition and clarity of purpose that this text is renouwned for, Microeonomics 3rd edition makes extensive use of data and examples to illustrate principles and concepts under discussionCONTENTS:Chapter 1 - Microeonomics: key ideas and conceptsChapter 2 - Scarcity, choice and economic interactionChapter 3 - The supply and demand modelChapter 4 - Elasticity and its importanceChapter 5 - The demand curve and the behaviour of consumersChapter 6 - The supply curve and the behavior of firmsChapter 7 - A model of competitive marketsChapter 8 - Costs and the behaviour of firms over timeChapter 9 - Competitive industries over timeChapter 10 - MonopolyChapter 11 - Product differentiation, monopolistic competition and oligopolyChapter 12 - Competition policy and regulationChapter 13 - Labour marketsChapter 14 - The markets for physical and financial capitalChapter 15 - Taxes, transfers and income distributionChapter 16 - Public goods, common resources and externalitiesChapter 17 - The gains from international tradeChapter 18 - International trade policy