Microeconomics, 18th edition

Published by Pearson Canada (March 4, 2025) © 2026

  • Christopher T.S. Ragan McGill University

eTextbook in Pearson+

undefined
Products list

In this eTextbook — More ways to learn

  • More support. Get AI help with personalized summaries, instant explanations, and quick translations.
  • More flexible. Start learning right away, on any device.
  • More interactive. Learn through audio, video, and practice.
  • More memorable. Study better with notes, highlights, and flashcards.

Title overview

Economics is a living discipline, changing and evolving in response to developments in the world economy and in response to the research of many thousands of economists throughout the world. Through eighteen editions, this resource has evolved with the discipline. Our purpose in this edition, as in the previous seventeen, is to provide students with an introduction to the major issues facing the world’s economies, to the methods that economists use to study those issues, and to the policy problems that those issues create.

Table of contents

  1. Economic Issues and Concepts
  2. Economic Theories, Data, and Graphs
  3. Demand, Supply, and Price (Shared with Macro)
  4. Elasticity
  5. Price Controls and Market Efficiency
  6. Consumer Behaviour
  7. Producers in the Short Run
  8. Producers in the Long Run
  9. Competitive Markets
  10. Monopoly, Cartels, and Price Discrimination
  11. Imperfect Competition and Strategic Behaviour
  12. Economic Efficiency and Public Policy
  13. How Factor Markets Work
  14. Labour Markets and Income Inequality
  15. Interest Rates and the Capital Market
  16. Market Failures and Government Intervention
  17. The Economics of Environmental Protection
  18. Taxation and Public Expenditure
  19. The Gains from International Trade
  20. Trade Policy

Need help?Get in touch