What is Microeconomics?
Microeconomics studies the implications of human actions and how those decisions affect the utilization and distribution of scarce resources. It describes the economic tendencies or what will happen when individuals make certain decisions or when certain conditions change. It helps businesses see what to expect or what might happen in the market if certain factors change.
This book provides you with the basic understanding of the principles of microeconomics. Each chapter is designed as a building block that will enable you to understand the subject as a whole. You will learn about how the markets work, the supply and demand, the economics of the public sector and labour markets, and other economic issues. It will introduce you to the real world issues and how will you apply the principles that you learn from each chapter. This book will help you to think like a real economist.
Principles of Microeconomics 6th edition caters for a single semester introductory unit in Microeconomics. The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues, such as climate change and resource taxation. Accompanied by CourseMate, comprising flashcards, graphing workshops, games, quizzes, videos. Access to Search me! referring students to the online Search me! database. Aplia is available with this text.