Modern Microeconomics (Second Edition)

Author: Owen B. Tucker
Publisher:
Publish Date: 2003-09-01
Features: The same as the release of the edition, the goal of Current Microeconomics 2nd Edition is to impart knowledge about the basic operation of the U.S. economic system to students who will study a two-semester economics course in an engaging style. Modern Microeconomics is not an encyclopedia of economic concepts but focuses on the most important tools of supply and demand analysis in economics, using them to clearly explain real-world economic issues. This book presents the core principles of microeconomics and international economics. The first 14 chapters introduce the logic of economic analysis and elaborate on the core content of microeconomic analysis. Here, students can learn the roles that demand and supply play in determining prices in competitive and monopolistic markets. This book explores some issues in this part, such as the low-wage law, rent control, and pollution problems. It dedicates 3 chapters to a comprehensive discussion of international issues. For example, students will learn how the supply and demand for money determine exchange rates and the difficulties of a strong or weak U.S. dollar.