Microeconomics: Canadian Edition
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Fifth EditionPaul Krugman; Robin Wells; Iris Au; Jack Parkinson
©2025
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Learn MoreTable of Contents
PART 1: What Is Economics?
- Introduction: The Covid-19 Economy
- 1. First Principles
- 2. Economic Models: Trade-offs and Trade
- Appendix: Graphs in Economics
PART 2: Supply and Demand
- 3. Supply and Demand
- Appendix: The Algebra of Demand, Supply, and Equilibrium
- 4. Consumer and Producer Surplus
- 5. Price Controls and Quotas: Meddling with Markets
- 6. Elasticity
- Appendix: The Algebra of Elasticity
PART 3: Individuals and Markets
- 7. Taxes
- 8. International Trade
PART 4: Economics and Decision Making
- 9. Decision Making by Individuals and Firms
- Appendix: How to Make Decisions Involving Time: Understanding Present Value
PART 5: The Consumer
- 10. The Rational Consumer
- Appendix: Consumer Preferences and Consumer Choice
PART 6: The Production Decision
- 11. Behind the Supply Curve: Inputs and Costs
- Appendix: Inverse Relationships Between Productivity and Cost
- 12. Perfect Competition and the Supply Curve
- 13. Monopoly
PART 7: Market Structure - Beyond Perfect Competition
- 14. Oligopoly
- 15. Monopolistic Competition and Product Differentiation
PART 8: Microeconomics and Public Policy
- 16. Externalities
- 17. Public Goods and Common Resources
- 18. The Economics of the Welfare State
PART 9: Factor Markets and Risk
- 19. Factor Markets and the Distribution of Income
- Appendix: Indifference Curve Analysis of Labour Supply
- 20. Uncertainty, Risk, and Private Information
Additional Sections
- Solutions to Check Your Understanding Questions
- Glossary
- Index