Principles of Microeconomics

Description

Principles of Microeconomics (MindTap Course List) 9th Edition by N. Gregory Mankiw is an insightful introduction to microeconomics. This edition offers a comprehensive yet accessible approach to understanding the behavior of individuals, firms, and markets. Mankiw’s clear explanations and engaging examples make complex concepts easy to understand for students at all levels.

The book covers all the core topics in microeconomics, starting with the basics of supply and demand. Mankiw explains how markets function and how prices are determined. He also introduces the concept of elasticity, showing how changes in price affect supply and demand. The text explores consumer behavior, production costs, market structures, and the theory of the firm.

A key feature of Principles of Microeconomics is its emphasis on real-world applications. Mankiw illustrates economic principles through real-world examples and case studies. These examples help readers understand how microeconomic concepts play out in everyday life, whether it’s setting prices, analyzing competition, or making personal economic decisions.

The book goes beyond just theory, examining how market failures can occur and the role of government intervention. Mankiw discusses topics such as externalities, public goods, and the economics of information. He also covers the role of government in regulating markets and promoting efficiency.

The 9th edition includes updated content and new examples to reflect current events and trends in the global economy. Additionally, the MindTap platform provides interactive learning tools, quizzes, and practice problems to reinforce key concepts and help students learn at their own pace.

Principles of Microeconomics is an essential resource for anyone studying economics. It provides a solid foundation in microeconomic theory and its real-world applications.