Microeconomics: Australia in the Global Environment

Microeconomics: Australia in the Global Environment

by Robin Bade and Michael Parkin

Paperback / softback Publication Date: 23/09/2015

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A practice-oriented learning system with a global perspective.

To help students focus on the most important concepts - and effectively practice the application of those concepts - Microeconomics is structured around a system of checkpoints which teach students how to think like an economist.

Eye On boxes throughout each chapter challenge students to apply theory to important issues and problems that shape our global society and individual decisions.

The result is a patient, confidence-building program that prepares students to use economics in their everyday lives, regardless of what their future career will be.

ISBN:
9781486019625
9781486019625
Category:
Economics
Format:
Paperback / softback
Publication Date:
23-09-2015
Publisher:
Pearson Education Australia
Edition:
1st Edition
Pages:
522

PART 1 INTRODUCTION
1 Getting Started
2 The Australian and Global Economies
3 The Economic Problem
4 Demand and Supply

PART 2 A CLOSER LOOK AT MARKETS
5 Elasticities of Demand and Supply
6 Efficiency and Fairness of Markets

PART 3 HOW GOVERNMENTS INFLUENCE THE ECONOMY
7 Government Actions in Markets
8 Taxes
9 Global Markets in Action

PART 4 MARKET FAILURE AND PUBLIC POLICY
10 Externalities
11 Public Goods and Common Resources

PART 5 A CLOSER LOOK AT DECISION MAKERS
12 Consumer Choice and Demand
13 Production and Cost

PART 6 PRICES, PROFITS AND INDUSTRY PERFORMANCE
14 Perfect Competition
15 Monopoly
16 Monopolistic Competition
17 Oligopoly

PART 7 INCOMES AND INEQUALITY
18 Markets for Factors of Production
19 Economic Inequality

Encourage students to learn by doing

  • Parkin’s system provides a practice-oriented framework, consisting of the following elements:
  • Learning Objective checklists at the beginning of each chapter preview the 3-5 key ideas students need to know. Each chapter is broken into discrete sections devoted to one of these ideas.
  • Review problems at the end of each section present a practice problem with a guided solution and a parallel exercise for the student to try.
  • Chapter Summary at the conclusion of each chapter include a summary of key points and key terms, Study Plan Problems and Applications, Instructor Assignable Problems and Applications and MCQs

Excite student attention and foster interest in the course, with:

Clear, fully explained graphs, supported by detailed numbered captions which guide students step-by-step through the action. 100% of these figures are animated in MyEconLab.

Modern topics presented engagingly, with contemporary examples that help students tie theory to real-world situations.

Simplified chapter openers which grab student attention and provide instant focus for the chapter. Each chapter opens with a question about a central issue that the chapter addresses which is illustrated with an engaging photograph.

Eye On feature boxes challenge students to grasp the point of the chapter quickly and help instructors to focus on a core issue both in class and in practice exercises. Current and recent events appear in Eye on the Australian Economy boxes. We place our present experience in global and historical perspectives with Eye on the Global Economy and Eye on the Past boxes. Eye on the News, which appears once each chapter, is an extract from a news article with a related economic analysis.

This feature is also available in the MyEconLab Homework and Test Manager, making it available for assignment with automatic grading. Local and Global economic issues are tackled, including inflation, the tax system and sustainability.

Instructor resources are reliable and easy to use because they align with the same structure found in the text. The instructor resource package includes high-quality Powerpoints, Solutions Manual, Testbank and MyEconLab which includes Videos, Digital Interactives, Experiments and other learning activities that can be mapped to AACSB standards.

Robin Bade

Robin Bade was an undergraduate at the University of Queensland, Australia, where she earned degrees in mathematics and economics. After a spell teaching high school math and physics, she enrolled in the Ph.D. program at the Australian National University, from which she graduated in 1970.

She has held faculty appointments at the University of Edinburgh in Scotland, at Bond University in Australia, and at the Universities of Manitoba, Toronto, and Western Ontario in Canada. Her research on international capital flows appears in the International Economic Review and the Economic Record.

Robin first taught the principles of economics course in 1970 and has taught it (alongside intermediate macroeconomics and international trade and finance) most years since then. She developed many of the ideas found in this text while conducting tutorials with her students at the University of Western Ontario.

Michael Parkin

Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a B.A. from the University of Leicester.

He learned the subject on the job at the University of Essex, England’s most exciting new university of the 1960s, and at the age of 30 became one of the youngest full professors. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics.

His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking. He is author of the bestselling textbook, Economics (Addison-Wesley), now in its Eleventh Edition.

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