Written by two highly respected economists and educators, the book uses the “Stories, Graphs, and Equations” approach to make economic concepts accessible and relevant to readers with various learning styles. It is known for its unified and logical structure, lively writing style, and clear explanations. Chapter topics include the scope and method of economics; the economic problem: scarcity and choice; demand, supply, and market equilibrium; household behavior and consumer choice; short- and long-run costs and output decisions; input demand; general equilibrium and the efficiency of perfect competition; monopoly and antitrust policy; monopolistic competition and oligopoly; income distribution and poverty; international trade, comparative advantage, and protectionism; and economic growth in developing and transitional economies. For individuals who want to better understand the fundamentals of microeconomics.
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Book Description
Editorial Reviews
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Extensive coverage of policy issues and real world applicationsincluding "Issues and Applications" boxes, international isintegrated throughout the text including "Global Perspective"boxes, new end-of-chapter problem sets, 10 end-of-part case studies with critical thinking questions (each supported by a video) and aunified approach to theory. ABC videos, NYT.
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From the Back Cover
Written by two highly respected economists and educators, the book uses the “Stories, Graphs, and Equations” approach to make economic concepts accessible and relevant to readers with various learning styles. It is known for its unified and logical structure, lively writing style, and clear explanations. Chapter topics include the scope and method of economics; the economic problem: scarcity and choice; demand, supply, and market equilibrium; household behavior and consumer choice; short- and long-run costs and output decisions; input demand; general equilibrium and the efficiency of perfect competition; monopoly and antitrust policy; monopolistic competition and oligopoly; income distribution and poverty; international trade, comparative advantage, and protectionism; and economic growth in developing and transitional economies. For individuals who want to better understand the fundamentals of microeconomics.
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6 of 6 people found the following review helpful:
4.0 out of 5 stars
An Adequate Text,
By
This review is from: Principles of Microeconomics (9th Edition) (Paperback)
Principles of Microeconomics by Case, Fair, and Oster 9th edition was an adequate text for an introductory microeconomics class, assuming students received a good high school foundation in microeconomic terminology. Otherwise, the textbook will be confusing because it really stresses the mathematical and graphic foci of economics.
For example, the book places a lot of emphasis on cost and revenue curves: for example, it emphasizes time and time again where firms should be producing to make a profit, whether the firm be a perfectly competitive firm or a monopolistic firm. The book does not really talk a whole lot about firms in-between, but then determining profit in a monopolistically competitive firm or oligopoly is far more challenging than the hypothetical perfectly competitive firm. Overall, I was satisfied with this textbook for an introductory level microeconomics course. It would have been nice if the book would have stressed norminative ecomomics a little more, rather than simply focusing almost entirely on positive economics, but I guess the authors felt that students would have received considerable instruction time for norminative economics in high school. Also, along with the book, as a study resource, were PowerPoints (although I am not certain if you can access these PowerPoints when purchasing a text on Amazon.com, unless inside the book you can find an access code to online resources from the publisher). The PowerPoints were pretty helpful in sumarizing the main points - the major themes, especially information like: when in a monopoly, profit is maximized where MR = MC (i.e. the monopoly will produce as long as MR is greater than MC), while in perfect competition, a firm will produce as long as the price is greater than MC. Because it is an introductory-level texts, 'exceptions' to the rules are not frequently discussed. Overall Opinion: The textbook is decent. I have read economics textbooks I liked better. I have suffered though economics texts that were worse.
1 of 1 people found the following review helpful:
1.0 out of 5 stars
no access code with kindle edition,
Amazon Verified Purchase(What's this?)
This review is from: Principles of Microeconomics (10th Edition) (The Pearson Series in Economics) (Kindle Edition)
This product needs better warning and a more specific (accurate) description, "may not" and "does not" are significantly diferent terms when refering to the missing package contents of the Kindle edition versus the bounded print edition. The product describes what it ought to contain and gives a vague term for what a different version "may" contain; this is very misleading. For those who need MyEconLab Access code for their course DO NOT get the kindle edition.
5.0 out of 5 stars
Relative book,
Amazon Verified Purchase(What's this?)
This review is from: Principles of Microeconomics (9th Edition) (Paperback)
This textbook is very easy to understand and the examples are interesting because the authors make it relative to the average student, whether young or old.
This book by far exceeds my first Macroeconomics text and I give a big thumbs up to those who contributed to the design and text in this book.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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social choice, natural monopoly, market equilibrium, federal tax reform, household behavior, antitrust analysis, demand curve hits, total variable cost curve, bestow collective benefits, firms suffering losses, firm suffering losses, primary producing units, jazz club visits, input demand curves, earning positive profits, tax whose burden, kinked demand curve model, average variable cost curve, factor substitution effect, competitive input markets, industry supply curve, average total cost curve, perfectly competitive firm, monopolistically competitive industry, same total utility Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Foundations of Microeconomics, Further Exploration, New Zealand, Market Imperfections, Social Security, New York Times, Role of Government, The World Economy, Soviet Union, Sherman Act, Input Demand, Eastern Europe, Imperfect Information, Department of Commerce, Public Finance, David Ricardo, The Economic Problem, Justice Department, News Analysis, Department of Agriculture, San Francisco, The Economics of Taxation, European Union, Antitrust Division Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
social choice, natural monopoly, market equilibrium, federal tax reform, household behavior, antitrust analysis, demand curve hits, total variable cost curve, bestow collective benefits, firms suffering losses, firm suffering losses, primary producing units, jazz club visits, input demand curves, earning positive profits, tax whose burden, kinked demand curve model, average variable cost curve, factor substitution effect, competitive input markets, industry supply curve, average total cost curve, perfectly competitive firm, monopolistically competitive industry, same total utility Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Foundations of Microeconomics, Further Exploration, New Zealand, Market Imperfections, Social Security, New York Times, Role of Government, The World Economy, Soviet Union, Sherman Act, Input Demand, Eastern Europe, Imperfect Information, Department of Commerce, Public Finance, David Ricardo, The Economic Problem, Justice Department, News Analysis, Department of Agriculture, San Francisco, The Economics of Taxation, European Union, Antitrust Division Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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