Microeconomics: Principles, Problems, and Policies
McConnell and Brue's Microeconomics: Principles, Problems, and Policies is the leading Principles of Economics textbook because it is innovative and teaches students in a clear, unbiased way. The 17th Edition builds upon the tradition of leadership by sticking to 3 main goals: help the beginning student master the principles essential for understanding the economizing problem, specific economic issues, and the policy alternatives; help the student understand and apply the economic perspective and reason accurately and objectively about economic matters; and promote a lasting student interest in economics and the economy.
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The nature and method of economics
the case of Interest
An introduction to the economizing
70 other sections not shown
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allocation American amount average basic benefits buyers capital cause Chapter consumer consumption corporate crease decline decrease deficit demand curve determine dollar economic profits economists effect efficient elasticity employment entails equal equilibrium price example exchange rates expenditures Explain exports farm farmers Figure firm's foreign Gosplan growth higher households important increase indifference curve individual industry inelastic interest rate labor less long-run LORENZ CURVE mand marginal cost marginal revenue marginal utility market system ment Microeconomics monopolist monopolistic competition monopoly nations nomic normal profit oligopolistic oligopoly opportunity cost payments percent problem product price production possibilities curve programs purchase purely competitive quantity demanded reduce relatively resource prices result sector sellers shift short-run Soviet specific spillover sumer supply and demand supply curve Table tariffs technological tion tive total cost total revenue trade union units of output wage rate workers