This book gives an examination of microeconomic models in practical use. "Microeconomics" explores the strengths and weaknesses of standard models of microeconomics and how they are actually used in policy. The chapters discuss the basics of microeconomics; foundations of supply and demand; market structure and policy; monopolistic competition; distribution of income; and the ways economic reasoning is applied to real-world policy. The sidebars reinforce the economic tools presented, while more then four hours of website-accessible video provide interactive exercises and animated tutorials.
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