Microeconomics, Global Edition, 13th edition

Published by Pearson (August 23, 2018) © 2019

  • Michael Parkin Emeritus of University of Western Ontario

Title overview

For the two-semester principles of economics course.

An intuitive and grounded approach to economics

Get students to think like an Economist using the latest policy and data while incorporating global issues. Microeconomics, 13th Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. Microeconomics emphasises real-world applications, the development of critical thinking skills, diagrams renowned for pedagogy and clarity, and path-breaking technology.

Each chapter opens with one of today's central issues and is then revisited in the chapter ending Economics in the News feature. This Parkin hallmark encourages student to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to and deeper understanding of today’s events. Students will begin to think about issues the way real economists do and learn how to explore difficult policy problems to make more informed decisions in their own economic lives.

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Table of contents

  • Chapter 1 What is Economics?
  • Chapter 2 The Economic Problem
  • Chapter 3 Demand and Supply
  • Chapter 4 Elasticity
  • Chapter 5 Efficiency And Equity
  • Chapter 6 Government Actions in Markets
  • Chapter 7 Global markets in action
  • Chapter 8 Utility and Demand
  • Chapter 9 Possibilities, Preferences, and Choices
  • Chapter 10 Organizing Production
  • Chapter 11 Output and Costs
  • Chapter 12 Perfect Competition
  • Chapter 13 Monopoly
  • Chapter 14 Monopolistic Competition
  • Chapter 15 Oligopoly
  • Chapter 16 Public Choices, Public Goods, and Healthcare
  • Chapter 17 Externalities
  • Chapter 18 Markets for Factors of Production
  • Chapter 19 Economic Inequality
  • Chapter 20 Uncertainty and Information

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