Principles of microeconomics /
Karl E. Case, Ray C. Fair.
- 8th ed.
- Upper Saddle River, N.J. : Pearson, c2007.
- xxxii, 458 p. : col. ill. ; 28 cm.
Includes bibliographical references and index.
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 -- 6. Household Behavior and Consumer Choice -- 7. The Production Process: The Behavior of profit-Maximizing Firms -- 8. Short-Run Costs and Output Decisions -- 9. Long-Run Costs and Output Decisions -- 10. Input Demand: The Labor and Land Markets -- 11. Input Demand: The Capital Market and the Investment Decision -- 12. General Equilibrium and the Efficiency of Perfect Competition -- 13. Monopoly and Antitrust Policy -- 14. Monopolistic Competition and Oligopoly -- 15. Externalities, Public Goods, Imperfect Information, and Social Choice -- 16. Income Distribution and Poverty -- 17. Public Finance: The Economics of Taxation -- 18. International Trade, Comparative Advantage, and Protectionism -- 19. Globalization -- 20. Economic Growth in Developing and Transitional Economies.
One of the all time best-sellers, this text is widely used because of its careful, streamlined, and intuitive chapter organization. Case & Fair, present a very precise and simplified microeconomic model first, before introducing all the exceptions and subtleties of a more complex economic world. Only after this simplified model is developed, do the authors give a thorough treatment of market imperfections, externalities, public finance, and international economics. (A detailed summary of this approach can be found on the page directly following the inside front cover).