- Michael Parkin |
- Robin Bade |
- Jeff Sarbaum |
Title overview
For principles of microeconomics courses.
Learn economics by "doing" economics
Informed by learning science and their years of teaching, the authors believe that the best way to learn economics is to experience it. Using their evidence-based pedagogy of Explain It, Graph It, Explore It, Apply It, Review It, and Check That I've Got It, Microeconomics Interactive breaks down challenging economic principles into smaller, easier to understand sections.
In this 1st Edition, the authors combine engaging videos with exercises featuring real-life scenarios. Interactive graphing opportunities and the opportunity to check their understanding along the way also help students think like true economists.
Hallmark features of this title
- Chapter-Opening and -Closing Videos introduce topics with a story, and later revisit that story, helping students to apply what they've just learned through interactive questioning and answering.
- Explain Its feature concise explanations with interactive checks for understanding and targeted feedback.
- Graph Its feature step-by-step graph building paired with interactive questions.
- Explore Its feature interactive graphs paired with questions and feedback that enable students to change variables with sliders and observe the predicted outcomes.
- Apply Its feature videos that help students see how a concept they've just learned explains a real-world event or outcome.
- Chapter Workouts feature comprehensive chapter quizzes assignable for credit or as homework.
Table of contents
- Getting Started
- The Economic Problem
- Demand and Supply
- Elasticity
- Efficiency and Fairness of Markets
- Government Actions in Markets: Price and Quantity Controls
- Taxes
- Trading with the World
- Market Failure: Externalities and Healthcare
- Public Choices, Public Goods, and Common Resources
- Consumer Choice and Demand
- Production and Cost
- Perfect Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
- Markets for Factors of Production
- Economic Inequality
Author bios
About our authors
Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a BA from the University of Leicester. He learned the subject on the job at the University of Essex, England's most exciting new university of the 1960s, and at the age of 30 became one of the youngest full professors. 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. He is author of the best-selling textbook, Economics (Pearson), now in its 13th Edition.
Robin Bade was an undergraduate at the University of Queensland, Australia, where she earned degrees in mathematics and economics. After a spell teaching high school math and physics, she enrolled in the PhD program at the Australian National University, from which she graduated in 1970. She has held faculty appointments at the University of Edinburgh in Scotland, at Bond University in Australia, and at the Universities of Manitoba, Toronto, and Western Ontario in Canada. Her research on international capital flows appears in the International Economic Review and the Economic Record. She is co-author with Michael of Macroeconomics (Prentice Hall), Modern Macroeconomics (Pearson Education Canada), Economics: Canada in the Global Environment, the Canadian adaptation of Parkin, Economics (Pearson), and Economics: Australia in the Global Environment, the Australian adaptation of Foundations of Economics (Pearson).
Jeff Sarbaum was an undergraduate at University of the Pacific, where he earned a BS in economics. After a short stint in the banking profession, he enrolled in the PhD program at State University of New York Binghamton, from which he graduated in 1997. As a graduate student, he was instructor for numerous small and large lecture classes. He has held faculty appointments at Whitman College, Willamette University, and is currently Senior Lecturer at the University North Carolina Greensboro. He has been instrumental in the development of online courses and programs at UNCG and has taught more than 20,000 students over his career. His research on assessment of learning and economics pedagogy appears in the Journal of Economics and Finance Education and the Southern Economic Journal.
Michael, Robin, and Jeff are dedicated to the challenge of explaining economics ever more clearly to a growing body of students.