Microeconomics in Context

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, social, and environmental 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 and globalization.

Key features

Clear explanations of basic concepts and analytical tools, with advanced models presented in optional chapter appendices;Presentation of policy issues in historical, environmental, institutional, social, political, and ethical contexts—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 and other countries, including income inequality, taxes, educational attainment, and environmental quality;Broad definitions of well-being using both traditional economic metrics and factors such as environmental quality, health, equity, and political inclusion;Significantly revised chapters on globalization and trade, economic and social inequality, labor markets, and public goods;Expanded coverage of high-interest topics such as behavioral economics, labor markets, and economic discrimination;Full complement of instructor and student support materials online.This new edition also features more international data and analysis, and further material on the importance of economic power in shaping policy. The latest addition to the "In Context" series combines real-world relevance with a thorough grounding in multiple economic paradigms.

The book's companion website is available

Genres: Economics

646 pages, Kindle Edition

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.