Microeconomics in Context, 3rd Edition

by Neva R. Goodwin

Microeconomics in Context lays out the principles of microeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, "Macroeconomics in Context," the book is uniquely attuned to economic realities. The ""in Context"" books offer affordability, accessible presentation, and engaging coverage of current policy issues from economic inequality and global climate change to taxes.
Key features include:
--Clear explanation of basic concepts and analytical tools, with advanced models presented in optional chapter appendices;
--Presentation of policy issues in historical, institutional, social, political, and ethical context--an approach that fosters critical evaluation of the standard microeconomic models, such as welfare analysis, labor markets, and market competition;
--A powerful graphical presentation of various measures of well-being in the United States, from income inequality and educational attainment to home prices;
--Broad definition of well-being using both traditional economic metrics and factors such as environmental quality, health, equity, and political inclusion;
--New chapters on the economics of the environment, taxes and tax policy, common property and public goods, and welfare analysis;
--Expanded coverage of high-interest topics such as behavioral economics, labor markets, and healthcare;
--Full complement of instructor and student support materials online, including test banks and grading through Canvas.

Genres: Economics

448 pages, Paperback

First published January 21, 2003

Reviews

[Justin · Rating 5 out of 5]

One of the best introductions to the concepts and principles of economics available. Authors take special care in relating the graphs and abstract ideas into real world situations. Sections are devoted to explaining a principle and then explaining how that principle can be seen/implemented in an actual society. Special care is taken in explaining resource and capital efficiency. I read it to learn Microeconomics before I took Energy and Environmental Economics next semester (without the required prerequisite of Microecon... the professor recommended that I read this book to catch up)

[Cain S. · Rating 3 out of 5]

Light on mathematics, and with a more than subtle leftist bias. Good lay exposition if you haven't read any economics texts at the graduate and researcher level.

[Gabriela · Rating 2 out of 5]

Intro to microeconomics course. Some of the stuff I could understand, the majority of it went right over my head. Their explanation on formulas used by economists could have been better.