Test Bank Modern Principles Microeconomics 5th Edition by Tyler Cowen

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Test Bank Modern Principles Microeconomics 5th Edition by Tyler Cowen

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Test Bank Modern Principles Microeconomics 5th Edition by Tyler Cowen

Modern Principles: Microeconomics focuses on the foundational principles of microeconomics, emphasizing real-world applications and economic reasoning. It includes topics like elasticity, market structures, and game theory, with updated examples relevant to current economic issues.

ISBN-10: 1319383033, ISBN-13: 978-1319383039

Tyler Cowen, Alex Tabarrok

Table of Contents

1. The Big Ideas
2. The Power of Trade and Comparative Advantage
3. Supply and Demand
4. Equilibrium: How Supply and Demand Determine Prices
5. Elasticity and Its Applications
6. Taxes and Subsidies
7. The Price System: Signals, Speculation, and Prediction
8. Price Ceilings and Price Floors
9. International Trade
10. Externalities: When Prices Send the Wrong Signals
11. Costs and Profit Maximization under Competition
12. Competition and the Invisible Hand
13. Monopoly
14. Price Discrimination and Pricing Strategy
15. Oligopoly and Game Theory
16. Monopolistic Competition and Product Differentiation
17. Labour Markets
18. Public Goods and the Tragedy of the Commons
19. Political Economy and Public Choice​