Principles of Microeconomics
Second EditionBetsey Stevenson; Justin Wolfers©2023
Take notes, add highlights, and download our mobile-friendly e-books.
Online course materials that will help you in this class. Includes access to e-book and iClicker Student.
Save money with our hole-punched, loose-leaf textbook.
Read and study old-school with our bound texts.
This new edition of Principles of Microeconomics from Betsey Stevenson and Justin Wolfers teaches you how to apply economics to your life while helping you earn a better grade. A more contemporary and student focused approach to the economics than your average textbook.
Table of Contents
A Quick Review of Graphs
PART I Foundations of Economics
Chapter 1 The Four Core Principles of Economics
Chapter 2 Demand and Consumer Choice
Chapter 3 Supply and Producer Choice
Chapter 4 Equilibrium: Where Supply Meets Demand
PART II Analyzing Markets
Chapter 5 Elasticity: Measuring Responsiveness
Chapter 6 Taxes, Price Controls, and Quantity Regulations
Chapter 7 Welfare Economics: Evaluating Market Efficiency
and Market Failure
Chapter 8 Comparative Advantage and Gains from Trade
PART III Applications and Policy Issues
Chapter 9 International Trade
Chapter 10 Externalities and Public Goods
Chapter 11 The Labor Market
Chapter 12 Why Wages Vary: Workers, Jobs, Institutions, and Discrimination
Chapter 13 Inequality, Poverty, and Social Insurance
PART IV Industrial Organization and Business Strategy
Chapter 14 Market Structure and Degrees of Market Power
Chapter 15 Entry, Exit, and Long-Run Profitability
Chapter 16 Price Discrimination and Sophisticated Pricing Strategies
Chapter 17 Economics of Strategic Management
PART V Advanced Decisions
Chapter 18 Game Theory and Strategic Choices
Chapter 19 Decisions Involving Uncertainty
Chapter 20 Decisions Involving Private Information