{"product_id":"microeconomic-essentials-understanding-economics-in-the-news-9780262539272","title":"Microeconomic Essentials: Understanding Economics in the News","description":"\u003cp\u003eA concise and nontechnical introduction to microeconomics  emphasizing concepts over mathematics  with real-world examples and applications. This concise and nontechnical introduction to microeconomics emphasizes concepts over mathematics. Keeping in mind that sometimes the most accurate model is not very useful in the real world  Microeconomic Essentials balances economics as mathematics with economics as a social process. Microeconomics is part of daily life; gas prices  wage increases  the rising cost of health care  international trade: all are microeconomic topics. Therefore  like its predecessor  Macroeconomic Essentials  this textbook accompanies its explanations with examples and real-world applications. The book covers the basic market model of supply and demand  showing how this powerhouse model can explain most price changes in the market. It discusses government intervention in the market; consumer theory and utility maximization  considering both concepts and real-world issues; the theory of the firm  de-mathematizing marginal revenue  marginal cost  and other topics; monopolies; perfect competition; and imperfect competition and oligopolies  as illustrated by OPEC  Coke  and Pepsi. It discusses game theory  reviewing the familiar models and conceptswhile cautioning that game theory is best thought of as a state of mind; input markets; welfare and public economics  applying the tools presented in previous chapters; and international trade. Each chapter ends with examples and exercises. Appendixes supply answers to sample exam questions and solutions to even-numbered exercises.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45648051372085,"sku":"ByrdShop_0262539276","price":47.26,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780262539272.jpg?v=1781707974","url":"https:\/\/atxbooks.com\/products\/microeconomic-essentials-understanding-economics-in-the-news-9780262539272","provider":"ATX Books","version":"1.0","type":"link"}