Principles of Microeconomics, 13th edition

Published by Pearson (1 January 2019) © 2020

  • Karl E. Case Wellesley College
  • Ray C. Fair Yale University
  • Sharon E. Oster Yale University

Title overview

For one-semester courses in the principles of microeconomics.

This ISBN is for the bound textbook, which students can rent through their bookstore.

 

An introduction to the functioning of the economy and the power and breadth of economics

Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Microeconomics, 13th Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students begin to learn the art and science of economic thinking and start to look at some policy, and even personal decisions, in a different way.

 

This title is also available digitally as a standalone Pearson eText, or via MyLab Economics, which includes the Pearson eText. These options give students affordable access to learning materials, so they come to class ready to succeed.  

Table of contents

Brief Contents

PART I: INTRODUCTION TO ECONOMICS

  1. The Scope and Method of Economics
  2. The Economic Problem: Scarcity and Choice
  3. Demand, Supply, and Market Equilibrium
  4. Demand and Supply Applications
  5. Elasticity

PART II: THE MARKET SYSTEM

  1. Household Behavior and Consumer Choice
  2. The Production Process: The Behavior of Profit-Maximizing Firms
  3. Short-Run Costs and Output Decisions
  4. Long-Run Costs and Output Decisions
  5. Input Demand: The Labor and Land Markets
  6. Input Demand: The Capital Market and the Investment Decision
  7. General Equilibrium and the Efficiency of Perfect Competition

PART III: MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT

  1. Monopoly and Antitrust Policy
  2. Oligopoly
  3. Monopolistic Competition
  4. Externalities, Public Goods, and Common Resources
  5. Uncertainty and Asymmetric Information
  6. Income Distribution and Poverty
  7. Public Finance: The Economics of Taxation

PART IV: THE WORLD ECONOMY

  1. International Trade, Comparative Advantage, and Protectionism
  2. Economic Growth in Developing Economies

PART V: METHODOLOGY

  1. Critical Thinking about Research

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