Parkin’s Microeconomics is a worldwide leader because it provides a
serious, analytical approach to the discipline using the latest policy and data.
Parkin trains students to think like economists by offering a clear
introduction to theory and applying the concepts to today’s events, news, and research.
This title is a Pearson Global Edition. The Editorial team at Pearson has
worked closely with educators around the world to include content which is especially
relevant to students outside the United States.
Michael Parkin is Professor Emeritus in the Department of Economics at the
University of Western Ontario, Canada. Professor Parkin has held faculty appointments at
Brown University, the University of Manchester, the University of Essex, and Bond
University. He is a past president of the Canadian Economics Association and has served on
the editorial boards of the American Economic Review and the Journal of Monetary Economics
and as managing editor of the Canadian Journal of Economics. Professor Parkin’s research
on macroeconomics, monetary economics, and international economics has resulted in over
160 publications in journals and edited volumes, including the American Economic Review,
the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary
Economics, and the Journal of Money, Credit and Banking. He became most visible to the
public with his work on inflation that discredited the use of wage and price controls.
Michael Parkin also spearheaded the movement toward European monetary union. Professor
Parkin is an experienced and dedicated teacher of introductory economics.
Brief Table of Contents
Part 1: Introduction
Chapter 1: What is Economics?
Chapter 2: The Economic Problem
Part 2: How Markets Work
Chapter 3: Demand and Supply
Chapter 4: Elasticity
Chapter 5: Efficiency and Equity
Chapter 6: Government Actions in Markets
Chapter 7: Global Markets in Action
Part 3: Households’ Choices
Chapter 8: Utility and Demand
Chapter 9: Possibilities, Preferences, and Choices
Part 4: Firms and Markets
Chapter 10: Organizing Production
Chapter 11: Output and Costs
Chapter 12: Perfect Competition
Chapter 13: Monopoly
Chapter 14: Monopolistic Competition
Chapter 15: Oligopoly
Part 5: Market Failure and Government
Chapter 16: Public Choices and Public Goods
Chapter 17: Economics of the Environment
Part 6: Factor Markets, Inequality, and Uncertainty
Chapter 18: Markets for Factors of Production
Chapter 19: Economic Inequality
Chapter 20: Uncertainty and Information
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