Overview

The leading economists today started out as students taking the Principles course. Parkin writes in a way that reaches out to all students, encouraging them to think like economists from the first week of class. Microeconomics provides a serious, analytical approach to the discipline by introducing the main ideas and then developing those ideas with the latest research, policy, and data. The result is that students learn to apply economics the way real economists do, by evaluating the decisions in their personal, academic, and professional lives. The Eighth Edition takes a new approach to modern macroeconomic theory with an earlier integration of international topics that gives an accurate picture of how theory is used to guide and evaluate macroeconomic policy. The microeconomics chapters include the latest research, and incorporate a unifying theme related to the tension between self- and social-interest. Starting in this edition, MyEconLab now includes all of Parkin’s end-of-chapter problems so that assignments can be automatically graded online. MyEconLab in CourseCompass™ provides additional optional customization and communication tools. Instructors who teach distance-learning courses or very large lecture sections find the CourseCompass™ format useful because they can upload course documents and assignments, customize the order of chapters, and use communication features such as Digital Dropbox and Discussion Board. View a demo of MyEconLab. For more information about MyEconLab in CourseCompass™, or to request an Instructor Access Code, visit MyEconLab.

Full Product Details

Author:   Michael Parkin
Publisher:   Pearson Education (US)
Imprint:   Prentice Hall
Edition:   8th edition
ISBN:  

9780321491220

ISBN 10:   032149122
Publication Date:   28 July 2007
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Out of Print
Availability:   Out of stock  

Table of Contents

I. INTRODUCTION 1. What Is Economics? 2. The Economic Problem II. HOW MARKETS WORK 3. Demand and Supply 4. Elasticity 5. Efficiency and Equity 6. Markets in Action III. HOUSEHOLDS' CHOICES 7. Utility and Demand 8. Possibilities, Preferences, and Choices IV. FIRMS AND MARKETS 9. Organizing Production 10. Output and Costs 11. Perfect Competition 12. Monopoly                            13. Monopolistic Competition and Oligopoly V. MARKET FAILURE AND GOVERNMENT 14. Regulation and Antitrust Law 15. Externalities 16. Public Goods and Common Resources VI. FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY 17. Demand and Supply in Factor Markets 18. Economic Inequality 19. Uncertainty and Information VII. THE GLOBAL ECONOMY 20. Trading with the World

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Author Information

Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a B.A. from the University of Leicester. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics. His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking.

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