Microeconomics 11th Edition Michael Parkin Test Bank
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Microeconomics 11th Edition Michael Parkin Test Bank
Product Details:
- ISBN-10 : 0133019942
- ISBN-13 : 978-0133019940
- Author:
“For the principle of microeconomics course. This book is also suitable for all readers interested in economics.”
Thoroughly updated, stripped of technical detail where possible, extensively illustrated with well-chosen photographs, enlivened with new applications features that focus on issues at play in today’s world, responsive to the suggestions of reviewers and users, and seamlessly integrated with MyEconLab: These are the hallmarks of this eleventh edition of “Microeconomics.” Parkin brings critical issues to the forefront. Each chapter begins with one of today’s key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, readers “read between the lines” to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to and deeper understanding of today’s events.
Table of contents:
- Chapter 1 What is Economics?
- Introduction: What Is Economics?
- Definition of Economics
- Two Big Economic Questions
- Do Choices Made in the Pursuit of Self-Interest Also Promote the Social Interest?
- The Economic Way of Thinking
- Economics as Social Science and Policy Tool
- Economists in the Economy
- Economics in the News: The Internet for Everyone
- Summary
- Study Plan Problems and Applications
- Additional Problems and Applications
- Appendix: Graphs in Economics
- Appendix: Graphs in Economics
- Graphing Economic Data
- Scatter Diagrams
- Graphs Used in Economic Models
- Variables That Move in the Same Direction
- Variables That Move in Opposite Directions
- Variables That Have a Maximum or a Minimum
- Variables That Are Unrelated
- The Slope of a Relationship
- The Slope of a Straight Line
- The Slope of a Curved Line
- Graphing Relationships Among More Than Two Variables
- Mathematical Note: Equations of Straight Lines
- Summary
- Study Plan Problems and Applications
- Additional Problems and Applications
- Chapter 2 The Economic Problem
- Introduction: The Economic Problem
- Production Possibilities and Opportunity Cost
- Production Efficiency
- Using Resources Efficiently
- Preferences and Marginal Benefit
- Allocative Efficiency
- Gains from Trade
- Achieving the Gains from Trade
- The Liz–Joe Economy and Its PPF
- Economic Growth
- A Nation’s Economic Growth
- Economic Coordination
- Economics in the News: Expanding Production Possibilities
- Worked Problem
- Summary
- Study Plan Problems and Applications
- Additional Problems and Applications
- Part One: Understanding the scope of Economics
…
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