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Higher Education

Microeconomics

Author(s): Roger A. Arnold, Daniel R Arnold, David H Arnold

ISBN: 9789360537630

14th Edition

India Release: 2024

₹695

Binding: Paperback

Pages: 596

Trim Size: 254 x 203 mm

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The economy is tough -- but understanding microeconomics doesn’t have to be. In fact, opening the world of economics can be exciting with Arnold's popular MICROECONOMICS, 14E. Economic tools, new thinking and theories show you how microeconomic forces impact daily events and form an important part of life 24/7. Current, everyday microeconomic examples and updated discussions and learning features illustrate many unexpected places economics can occur.

Updated "Economics 24/7" Features Demonstrate microeconomics at work in daily life.
What’s wrong with this diagram?" and related features help students master diagrams for microeconomics.
Office hours" learning feature gives a behind the scenes explanation of chapter topics.
"Finding economics" brief features lift examples of microeconomics in students' daily lives.
"Thinking like an economist" features highlight how today's economists approach topics.
Three new chapters address important, influential topics in microeconomics today.

An Introduction to Economics

Part I: ECONOMICS: THE SCIENCE OF SCARCITY

1. What Economics Is About

Appendix A: Working with Diagrams

Appendix B: Should You Major in Economics?

2. Production Possibilities Frontier Framework

3. Supply and Demand: Theory

4. Prices: Free, Controlled, and Relative

5. Supply, Demand, and Price: Applications

Microeconomics

Part II: MICROECONOMIC FUNDAMENTALS

6. Elasticity

7. Consumer Choice: Maximizing Utility and Behavioral Economics

Appendix C: Budget Constraint and Indifference Curve Analysis

8. Production and Costs

Part III: PRODUCT MARKETS AND POLICIES

9. Perfect Competition

10. Monopoly

11. Monopolistic Competition, Oligopoly, and Game Theory

12. Government and Product Markets: Antitrust and Regulation

Part IV: FACTOR MARKETS AND RELATED ISSUES

13. Factor Markets: With Emphasis on the Labor Market

14. Wages, Unions, and Labo

15. The Distribution of Income and Poverty

16. Interest, Rent, and Profit

Part V: HEALTH ECONOMICS

17. Health Economics: Experiments, Disparities, and Prices

Part VI: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS

18. Market Failure: Externalities, Public Goods, and Asymmetric Information

19. Public Choice and Special-Interest-Group Politics

20. Creative Destruction and Crony Capitalism: Two Forces on the Economic Landscape Today

Part VII: ECONOMIC THEORIES AND RESEARCH

21. New Frontiers in Economic Research: Causal Inference and Machine Learning

Part VIII: INTERNATIONAL TRADE AND FINANCE

22. International Trade

23. International Finance

Roger A. Arnold

Dr. Roger Arnold is at California State University San Marcos, where his fields of specialization are general microeconomic theory and monetary theory.

Daniel R Arnold

Dr. Daniel Arnold is a research economist in the School of Public Health at University of California, Berkeley, where his field of specialization is health economics.

David H Arnold

Dr. David Arnold is at University of California, San Diego, where his fields of specialization are labor economics, imperfect competition, and discrimination.