Name: Loose-leaf Version for Microeconomics: Principles for a Changing World 4E w/ FlipIt for Microeconomics (Six Months Access) w/ LaunchPad 4E (Six Months Access)
Author: Eric Chiang
ISBN: 9781319121402

Chapter 1 - Exploring Economics Chapter 2 - Proudction, Economic Gorwth And Trade Chapter 3 - Supply And Demand Chapter 4 - Markets And Government Chapter 5 - Elasticity Chapter 6 - Consumer Choice And Demand Chapter 7 - Production And Costs Chapter 8 - Perfect Competition Chapter 9 - Monopoly Chapter 10 - Monopolistic Competition, Oligopoly And Game Theory

Chapter 11 - The Labor Market Chapter 11.A - Appendix Chapter 12 - Land, Capital Markets And Innovation Chapter 13 - Externalities And Public Goods Chapter 14 - Network Goods Chapter 15 - Poverty And Income Distribution Chapter 16 - International Trade

Book Details

With this edition, Eric Chiang begins a new era for his acclaimed principles of economics textbook. Formerly CoreEconomics and now titled Economics: Principles for a Changing World, the new edition is thoroughly contemporary, fully integrated print/technology resource that adapts to the way you want to teach. As always, this concise book focuses on the topics most often covered in the principles course, but with this edition, it offers a stronger emphasis than ever on helping students apply an economic way of thinking to the overwhelming flow of data we face every day.

Economics: Principles for a Changing World is fully informed by Eric Chiang s experiences teaching thousands of students worldwide, both in person and online. Developing the text, art, media, homework, and ancillaries simultaneously, Chiang translates those experiences into a cohesive approach that embodies the book's founding principles:

To use technology as a tool for learning before lectures, during class, when doing homework, and at exam time
To help students harness the data literacy they ll need as consumers of economic information
To provide a truly global perspective, showing the different ways people around the world confront economic problems

Sample Solutions for this Textbook

We offer sample solutions for Loose-leaf Version for Microeconomics: Principles for a Changing World 4E w/ FlipIt for Microeconomics (Six Months Access) w/ LaunchPad 4E (Six Months Access) homework problems. See examples below:

The given statement is wrong. Money has a role in economics, but it does not mean that money is...An economy has the capacity to increase the production of one good without making any reduction in...Price of a product provides more information regarding the product. The important information are...The consumer surplus can be explained by the difference between the highest price that the consumer...The consumer surplus can be calculated using the general formula as given below: Consumer...Total revenue is the amount of money that a firm, company, or an industry actually receives during a...Budget line shows all the possible combinations of goods and services that can be purchased with the...Marginal utility is the additional unit of satisfaction derived from the consumption of one more...The total economic cost is the sum total of the explicit cost and the implicit cost. In this, the...

The average total cost (ATC) of a firm is the sum total of average variable cost (AVC) and the...The two firms, M and S have some of the features of a monopoly market structure, like, both have a...The monopolistic competition is a market structure that is characterized by the entry of a large...In a market, the individuals make a trade-off between labor and leisure. In this case, if wage rate...The term ‘land’ refers to the natural resources, which come from the land, because the quantity of...The external benefit, which is also known as the positive externality, is enjoyed by a third party...Network externality refers to goods that exhibit network externalities, which signify the fact that...Yes, the life cycle income is more equally distributed than the transitory income. This is because...The concept of absolute advantage is based on the differences in labor cost and comparative...