Microeconomics in Context lays out the principles of microeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, "e;Macroeconomics in Context,"e; the book is uniquely attuned to economic realities. The "e;"e;in Context"e;"e; books offer affordability, accessible presentation, and engaging coverage of current policy issues from economic inequality and global climate change to taxes.
Key features include:
--Clear explanation of basic concepts and analytical tools, with advanced models presented in optional chapter appendices;
--Presentation of policy issues in historical, institutional, social, political, and ethical context--an approach that fosters critical evaluation of the standard microeconomic models, such as welfare analysis, labor markets, and market competition;
--A powerful graphical presentation of various measures of well-being in the United States, from income inequality and educational attainment to home prices;
--Broad definition of well-being using both traditional economic metrics and factors such as environmental quality, health, equity, and political inclusion;
--New chapters on the economics of the environment, taxes and tax policy, common property and public goods, and welfare analysis;
--Expanded coverage of high-interest topics such as behavioral economics, labor markets, and healthcare;
--Full complement of instructor and student support materials online, including test banks and grading through Canvas.