Principles of Microeconomics, 12th Edition

For the one-semester course in Principles of Microeconomics.

An Introduction to the Functioning of the Economy and the Power and Breadth of Economics

Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling Principles of Economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Microeconomics, Twelfth Edition 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. With the latest research and added exercises, readers 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.

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NOTE: You are purchasing a standalone product; MyEconLab does not come packaged with this content. If you would like to purchase both the physical text and MyEconLab search for:
0134435036 / 9780134435039 Principles of Microeconomics Plus MyEconLab with Pearson eText (1-semester access) — Access Card Package

Package consists of:

• 0134078810 / 9780134078816 Principles of Microeconomics
• 0134081161 / 9780134081168 MyEconLab with Pearson eText — Access Card — for Principles of Microeconomics

Table of Contents

Part I Introduction To Economics
Chapter 1 The Scope and Method of Economics
Chapter 2 The Economic Problem: Scarcity and Choice
Chapter 3 Demand, Supply, and Market Equilibrium
Chapter 4 Demand and Supply Applications
Chapter 5 Elasticity

Part II The Market System
Chapter 6 Household Behavior and Consumer Choice
Chapter 7 The Production Process: The Behavior of Profit-Maximizing Firms
Chapter 8 Short-Run Costs and Output Decisions
Chapter 9 Long-Run Costs and Output Decisions
Chapter 10 Input Demand: The Labor and Land Markets
Chapter 11 Input Demand: The Capital Market and the Investment Decision
Chapter 12 General Equilibrium and the Efficiency of Perfect Competition

Part III Market Imperfections and the Role of Government
Chapter 13 Monopoly and Antitrust Policy
Chapter 14 Oligopoly
Chapter 15 Monopolistic Competition
Chapter 16 Externalities, Public Goods, and Common Resources
Chapter 17 Uncertainty and Asymmetric Information
Chapter 18 Income Distribution and Poverty
Chapter 19 Public Finance: The Economics of Taxation

Part IV The World Economy
Chapter 20 International Trade, Comparative Advantage, and Protectionism
Chapter 21 Economic Growth in Developing Economies

Part V Methodology
Chapter 22 Critical Thinking About Research