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Intended primarily for the one semester principles of microeconomics course, this text also provides practical content to current and aspiring industry professionals.

Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling POE texts because they trust it to be clear, thorough and complete.   Case/Fair/Oster readers also come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly.  Readers begin to learn the art and science of economic thinking and begin to look at some policy and even personal decisions in a different way.

Test bank for Principles of Microeconomics 11th Edition by Karl E. Case, Ray C. Fair and Sharon E. Oster

Test bank for Principles of Microeconomics 11th Edition by Karl E. Case, Ray C. Fair and Sharon E. Oster

Table of Contents:

I. INTRODUCTION TO ECONOMICS.

1. The Scope and Method of Economics.
2. The Economic Problem: Scarcity and Choice.
3. Demand, Supply, and Market Equilibrium.
4. Demand and Supply Applications and Elasticity.

II. FOUNDATIONS OF MICROECONOMICS: CONSUMERS AND FIRMS.

5. Household Behavior and Consumer Choice.
6. The Production Process: The Behavior of Profit-Maximizing Firms.
7. Short-Run Costs and Output Decisions.
8. Long-Run Costs and Output Decisions.
9. Input Demand: The Labor and Land Markets.
10. Input Demand: The Capital Market and the Investment Decision.
11. General Equilibrium and the Efficiency of Perfect Competition.

III. MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT.

12. Monopoly and Antitrust Policy.
13. Monopolistic Competition and Oligopoly.
14. Externalities, Public Goods, Imperfect Information, and Social Choice.
15. Income Distribution and Poverty.
16. Public Finance: The Economics of Taxation.

IV. THE WORLD ECONOMY.

17. International Trade, Comparative Advantage, and Protectionism.
18. Globalization, Growth, and Development.

Product details

Language: English
ISBN-10:  0133024164

ISBN-13:  978-0133024166                        9780133024166

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Test bank for Principles of Microeconomics 11th Edition by Karl E. Case, Ray C. Fair and Sharon E. Oster