Cocaine, prostitution, and slavery... These are just a few of the topics that Principles of Microeconomics covers, analyzing them through an economics lens. Presented in a manner that focuses on intuition and historical case studies, the aim of this textbook is to help you to reason like an economist.
Among the topics covered are:
*Why the best teachers in the world should never teach.
*Should the government fund beautiful art?
*Is minimum wage policy a bad idea?
*How the Canadian dairy industry exploits consumers.
*The reason free trade is sometimes disastrous.
*Why are diamonds more expensive than water?
Principles of Microeconomics uses real-life examples and the latest economics research to help you to apply economic principles to your own life.
CHAPTER ONE: INTRODUCTION
CHAPTER TWO: HOW TO THINK
CHAPTER THREE: GAME THEORY
CHAPTER FOUR: THE HISTORY OF ECONOMICS
CHAPTER FIVE: TRADEOFFS AND TRADE
CHAPTER SIX: SUPPLY AND DEMAND
CHAPTER SEVEN: MARKET EQUILIBRIUM
CHAPTER EIGHT: ELASTICITY
CHAPTER NINE: PRICE CONTROLS
CHAPTER TEN: TAXES AND SUBSIDIES
CHAPTER ELEVEN: EXTERNALITIES
CHAPTER TWELVE: POLITICAL ECONOMY
Cornelius
Christian
Cornelius Christian teaches economics at Brock University in St. Catharines, Ontario. He has a BA in Economics from the University of Alberta (2010), and an MPhil (2012) and DPhil (2015) in Economics from the University of Oxford. His research has been published in journals such as The Review of Economics and Statistics, Economics Letters, and Explorations in Economic History. He also dabbles in journalism, and has written articles for The National Post and The Niagara Independent.