Microeconomics

With powerful examples and engaging writing, Microeconomics provides students with insights into how individual households and firms make decisions in an increasingly complex economic environment. The Microeconomics package constantly applies theory to everyday experiences and historical events. Powerful threads of economic theory are interwoven through the body of this edition: the globalization of economic activity; the dynamics of labor markets; and the pervasiveness of imperfect information and strategic behavior. The inclusion of a unique chapter on health care economics applies standard microeconomic tools to the health care issue and provides a framework for understanding the various policy proposals concerning health care.