Exploring Microeconomics, 5th Edition
- Robert L. Sexton
- Peter N. Fortura
- Colin C. Kovacs
- ISBN-10: 0176877037
- ISBN-13: 9780176877033
- 0 Pages | Paperback
- Previous Editions: 2016, 2013, 2010
- COPYRIGHT: 2020 Published
Exploring Microeconomics, fifth Canadian edition, offers students a lively, back-to-the basics approach designed to take the intimidation out of economics. With its short, self-contained learning units and its carefully chosen pedagogy, graphs, and photos, this text helps students master and retain the principles of economics. In addition, the current-events focus and modular format of presenting information makes Exploring Microeconomics a very student-accessible and user-friendly text. Driven by more than 70 years of combined experience teaching the economic principles course, the dedication and enthusiasm of Bob Sexton, Peter Fortura, and Colin Kovacs shine through in Exploring Microeconomics. As with previous editions of Exploring Microeconomics, attention has been paid to the structure and layout of each chapter to ensure that the material is presented in as clear and consistent a manner as possible. In addition, special attention has been given to the numerous examples and illustrations presented in each chapter to ensure that they are meaningful and relevant to today’s student. The end-of-chapter For Your Review questions and problems have been continued in this edition. Blueprint Problems, the review feature introduced in the previous edition, have been retained and have undergone revision to ensure they continue to provide relevant and meaningful insight into the methodologies surrounding key economic concepts. As in the previous edition, all Blueprint Problems are accompanied by full and annotated solutions. Also returning in this fifth Canadian edition are the Debate and Business Connection features. Both have undergone revision and updating. While their content has been revised, the purpose of each remains the same—Debate features are designed to promote in-class discussion and self-exploration, and Business Connection features are designed to highlight the link between economic theory and business principles.
Chapter 1: The Role and Method of Economics
Chapter 2: Scarcity, Trade-Offs, and Production Possibilities
Chapter 3: Supply and Demand
Chapter 4: Bringing Supply and Demand Together
Chapter 5: Elasticity
Chapter 6: Consumer Choice and Market Efficiency
Chapter 7: Production and Costs
Chapter 8: Perfect Competition
Chapter 9: Monopoly
Chapter 10: Monopolistic Competition and Oligopoly
Chapter 11: Labour Markets and the Distribution of Income
Chapter 12: Market Failure and the Environment
All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.