Colanders Microeconomics 11e is specifically designed to help todays students succeed in the principles of economics course and grasp economics concepts they can apply in their daily lives.
Colanders trademark colloquial approach focuses on modern economics, institutions, history, and modeling. Colander presents and applies economic models, but also encourages students to think about model nuances, building their critical thinking skills and applying models to the real world.
Content in Colander is organized around learning objectives to make it easier for students to understand the material and for instructors to build assignments within Connect. Through Connect and SmartBook, students will find engaging activities, helpful tutorial videos, and learning resources at that moment of need.
PART 1: INTRODUCTION: THINKING LIKE AN ECONOMIST
1 Economics and Economic Reasoning
2 The Production Possibilities Model, Trade, and Globalization
3 Economic Institutions
4 Supply and Demand
5 Using Supply and Demand
PART II: MICROECONOMICS
THE POWER OF TRADITIONAL ECONOMIC MODELS
6 Describing Supply and Demand: Elasticities
7 Taxation and Government Intervention
8 Market Failure versus Government Failure
8W Politics and Economics: The Case of Agricultural Markets
INTERNATIONAL ECONOMIC POLICY ISSUES
9 Comparative Advantage, Exchange Rates, and Globalization
10 International Trade Policy
PRODUCTION AND COST ANALYSIS
11 Production and Cost Analysis I
12 Production and Cost Analysis II
MARKET STRUCTURE
13 Perfect Competition
14 Monopoly and Monopolist Competition
15 Oligopoly and Antitrust
16 Real-World Competition and Technology
FACTOR MARKETS
17 Work and the Labor Market
17W Nonwage and Asset Income: Rents, Profits, and Interest
18 Who Gets What? The Distribution of Income
CHOICE AND DECISION MAKING
19 The Logic of Individual Choice: The Foundation of Supply and Demand
20 Game Theory, Strategic Decision Making, and Behavioral Economics
MODERN ECONOMIC THINKING
21 Thinking Like a Modern Economist
22 Behavioral Economics and Modern Economic Policy
23 Microeconomic Policy, Economic Reasoning, and Beyond
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