Microeconomics Australia in the Global Environment Australian 1st Edition Parkin Test Bank
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Microeconomics Australia in the Global Environment Australian 1st Edition Parkin Test Bank.
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Microeconomics Australia in the Global Environment Australian 1st Edition Parkin Test Bank
Product details:
- ISBN-10 : 1486019625
- ISBN-13 : 978-1486019625
- Author: Robin Bade
A practice-oriented learning system with a global perspective.
To help students focus on the most important concepts―and effectively practice the application of those concepts―Microeconomics is structured around a system of checkpoints which teach students how to think like an economist. Eye On boxes throughout each chapter challenge students to apply theory to important issues and problems that shape our global society and individual decisions.
The result is a patient, confidence-building program that prepares students to use economics in their everyday lives, regardless of what their future career will be.
Table contents:
Part 1 Introduction
Chapter 1 Getting Started
1.1 Definition and Questions
1.2 The Economic Way of Thinking
2.1 What, How and For Whom?
2.2 The Global Economy
2.3 The Circular Flows
Chapter 3 The Economic Problem
3.1 Production Possibilities
3.2 Opportunity Cost
3.3 Economic Growth
3.4 Specialisation and Trade
Chapter 4 Demand and Supply
4.1 Demand
4.2 Supply
4.3 Market Equilibrium
Chapter 5 Elasticities of Demand and Supply
5.1 The Price Elasticity of Demand
5.2 The Price Elasticity of Supply
5.3 Cross Elasticity and Income Elasticity
Chapter 6 Efficiency and Fairness of Markets
6.1 Allocation Methods and Efficiency
6.2 Value, Price and Consumer Surplus
6.3 Cost, Price and Producer Surplus
6.4 Are Markets Efficient?
6.5 Are Markets Fair?
Part 3 How Governments Influence the Economy
Chapter 7 Government Actions in Markets
7.1 Price Ceilings
7.2 Price Floors
A Minimum Wage
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