Principles of Microeconomics (2-downloads)

Intended primarily for Principles of Economics courses, this text also provides practical content to current and aspiring industry professionals. ¿ Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling POE texts because they trust it to be clear, thorough and complete.¿¿ Case/Fair/Oster¿readers also 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.¿ Readers begin to learn the art and science of economic thinking and begin to look at some policy and even personal decisions in a different way. ¿ Break through to improved results with MyEconLab® MyEconLab is an online homework, tutorial, and assessment program that truly engages students in learning. It helps students better prepare for class, quizzes, and exams–resulting in better performance in the course–and provides educators a dynamic set of tools for gauging individual and class progress. And, MyEconLab comes from Pearson, your partner in providing the best digital learning experiences. ¿ Note: You are purchasing a standalone product; MyEconLab does not come packaged with this content. If you would like to purchase both the physical text and MyEconLab search for ISBN-10: 0133450821 / ISBN-13: 9780133450828. That package includes: ISBN-10: 013302380X / ISBN-13: 9780133023800 Principles of Economics, 11e ISBN-10: 0133049639 / ISBN-13: 9780133049633 MyEconLab -- NEW MyEconLab with Pearson eText -- Standalone Access Card -- for Principles of Economics, 11e¿ MyEconLab is not a self-paced technology and should only be purchased when required by an instructor.

Table of Contents:
  PART I Introduction to Economics 1 1 The Scope and Method of Economics 1 2 The Economic Problem: Scarcity and Choice 25 3 Demand, Supply, and Market Equilibrium 47 4 Demand and Supply Applications 79 5 Elasticity 97   PART II The Market System: Choices Made by Households and Firms 100 6 Household Behavior and Consumer Choice 121 7 The Production Process: The Behavior of Profit-Maximizing Firms 147 8 Short-Run Costs and Output Decisions 167 9 Long-Run Costs and Output Decisions 189 10 Input Demand: The Labor and Land Markets 215 11 Input Demand: The Capital Market and the Investment Decision 233 12 General Equilibrium and the Efficiency of Perfect Competition 253   PART III Market Imperfections and the Role of Government 269 13 Monopoly and Antitrust Policy 269 14 Oligopoly 293 15 Monopolistic Competition 313 16 Externalities, Public Goods, and Social Choice 329 17 Uncertainty and Asymmetric Information 353 18 Income Distribution and Poverty 367 19 Public Finance: The Economics of Taxation 389   PART IV Concepts and Problems in Macroeconomics 409 20 Introduction to Macroeconomics 409 21 Measuring National Output and National Income 420 22 Unemployment, Inflation, and Long-Run Growth 441   PART V The Core of Macroeconomic Theory 457 23 Aggregate Expenditure and Equilibrium Output 459 24 The Government and Fiscal Policy 477 25 The Money Supply and the Federal Reserve System 501 26 Money Demand and the Equilibrium Interest Rate 525 27 The Determination of Aggregate Output, the Price Level, and the Interest Rate 541 28 Policy Effects and Costs Shocks in the AS/AD Model 559 29 The Labor Market In the Macroeconomy 571   PART VI Further Macroeconomics Issues 593 30 Financial Crises, Stabilization, and Deficits 593 31 Household and Firm Behavior in the Macroeconomy: A Further Look 611 32 Long-Run Growth 635 33 Alternative Views in Macroeconomics 649 PART VII The World Economy 663 34 International Trade, Comparative Advantage, and Protectionism 663 35 Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates 685 36 Economic Growth in Developing and Transitional Economies 713 Glossary Index Photo Credits

About the Author :
Karl E. Case is Professor of Economics Emeritus at Wellesley College where he has taught for 34 years and served several tours of duty as Department Chair. He is a Senior Fellow at the Joint Center for Housing Studies at Harvard University and a founding partner in the real estate research firm of Fiserv Case Shiller Weiss, which produces the S&P Case-Shiller Index of home prices. He serves as a member of the Index Advisory Committee of Standard and Poor’s, and along with Ray Fair he serves on the Academic Advisory Board of the Federal Reserve Bank of Boston. Before coming to Wellesley, he served as Head Tutor in Economics (director of undergraduate studies) at Harvard, where he won the Allyn Young Teaching Prize.He was Associate Editor of the Journal of Economic Perspectives and the Journal of Economic Education, and he was a member of the AEA’s Committee on Economic Education. Professor Case received his B.A. from Miami University in 1968; spent three years on active duty in the Army, and received his Ph.D. in Economics from Harvard University in 1976. Professor Case’s research has been in the areas of real estate, housing, and public finance. He is author or coauthor of five books, including Principles of Economics, Economics and Tax Policy, and Property Taxation: The Need for Reform, and he has published numerous articles in professional journals. ¿ For the last 25 years, his research has focused on real estate markets and prices. He has authored numerous professional articles, many of which attempt to isolate the causes and consequences of boom and bust cycles and their relationship to regional and national economic performance. ¿ Ray C. Fair is Professor of Economics at Yale University. He is a member of the Cowles Foundation at Yale and a Fellow of the Econometric Society. He received a B.A. in Economics from Fresno State College in 1964 and a Ph.D. in Economics from MIT in 1968. He taught at Princeton University from 1968 to 1974 and has been at Yale since 1974. Professor Fair’s research has primarily been in the areas of macroeconomics and econometrics, with particular emphasis on macroeconometric model building.He also has done work in the areas of finance, voting behavior, and aging in sports. His publications include Specification, Estimation, and Analysis of Macroeconometric Models (Harvard Press, 1984); Testing Macroeconometric Models (Harvard Press, 1994); and Estimating How the Macroeconomy Works (Harvard Press, 2004). Professor Fair has taught introductory and intermediate macroeconomics at Yale. He has also taught graduate courses in macroeconomic theory and macroeconometrics. Professor Fair’s U.S. and multicountry models are available for use on the Internet free of charge. The address is http://fairmodel.econ.yale.edu.Many teachers have found that having students work with the U.S. model on the Internet is a useful complement to an introductory macroeconomics course. ¿ Sharon M. Oster is the Dean of the Yale School of Management, where she is also the Frederic Wolfe Professor of Economics and Management. Professor Oster joined Case and Fair as a coauthor in the ninth edition of this book. Professor Oster has a B.A. in Economics from Hofstra University and a Ph.D. in Economics from Harvard University. Professor Oster’s research is in the area of industrial organization. She has worked on problems of diffusion of innovation in a number of different industries, on the effect of regulations on business, and on competitive strategy. She has published a number of articles in these areas and is the author of several books, including Modern Competitive Analysis and The Strategic Management of Nonprofits. Prior to joining the School of Management at Yale, Professor Oster taught for a number of years in Yale’s Department of Economics. In the department, Professor Oster taught introductory and intermediate microeconomics to undergraduates as well as several graduate courses in industrial organization. Since 1982, Professor Oster has taught primarily in the Management School, where she teaches the core microeconomics class for MBA students and a course in the area of competitive strategy. Professor Oster also consults widely for businesses and nonprofit organizations and has served on the boards of several publicly traded companies and nonprofit organizations.