1.43.40 / February 16, 2020
(4.2/5) (12)


Microeconomics has been developed to meet the scope and sequence ofmost introductory microeconomics courses. To develop Principles ofMicroeconomics, we acquired the rights to Timothy Taylor’s secondedition of Principles of Economics and solicited ideas fromeconomics instructors at all levels of higher education, fromcommunity colleges to Ph.D.-granting universities. They told usabout their courses, students, challenges, resources, and how atextbook can best meet the needs of both instructors and students.The result is a app that covers the breadth of economics topics andalso provides the necessary depth to ensure the course ismanageable for instructors and students alike. And to make it moreapplied, we have incorporated many current topics. We hope studentswill be interested to know just how far-reaching the recentrecession was (and still is), for example, and why there is so muchcontroversy even among economists over the Affordable Care Act(Obamacare). The Keystone Pipeline, Occupy Wall Street, and minimumwage debates are just a few of the other important topics covered.The pedagogical choices, unit arrangements, and learning objectivefulfillment were developed and vetted with feedback from educatorsdedicated to the project. They thoroughly read the material andoffered critical and detailed commentary. The outcome is a balancedapproach to microeconomics, particularly to the theory andapplication of economics concepts. New 2015 data are incorporatedfor topics that range from average U.S. household consumption inUnit 2 to the total value of all home equity in Unit 17. Currentevents are treated in a politically-balanced way as well. The appis organized into five main parts: What is Economics? The first twounits introduce students to the study of economics with a focus onmaking choices in a world of scarce resources. Supply and Demand,Units 3 and 4, introduces and explains the first analytical modelin economics: supply, demand, and equilibrium, before showingapplications in the markets for labor and finance. The Fundamentalsof Microeconomic Theory, Units 5 through 10, begins themicroeconomics portion of the text, presenting the theories ofconsumer behavior, production and costs, and the different modelsof market structure, including some simple game theory.Microeconomic Policy Issues, Units 11 through 18, covers the rangeof topics in applied micro, framed around the concepts of publicgoods and positive and negative externalities. Students explorecompetition and antitrust policies, environmental problems,poverty, income inequality, and other labor market issues. The textalso covers information, risk and financial markets, as well aspublic economy. International Economics, Units 19 and 20, the finalpart of the text, introduces the international dimensions ofeconomics, including international trade and protectionism. Unit 1Welcome to Economics! Unit 2 Choice in a World of Scarcity Unit 3Demand and Supply Unit 4 Labor and Financial Markets Unit 5Elasticity Unit 6 Consumer Choices Unit 7 Cost and IndustryStructure Unit 8 Perfect Competition Unit 9 Monopoly Unit 10Monopolistic Competition and Oligopoly Unit 11 Monopoly andAntitrust Policy Unit 12 Environmental Protection and NegativeExternalities Unit 13 Positive Externalities and Public Goods Unit14 Poverty and Economic Inequality Unit 15 Issues in Labor Markets:Unions, Discrimination, Immigration Unit 16 Information, Risk, andInsurance Unit 17 Financial Markets Unit 18 Public Economy Unit 19International Trade Unit 20 Globalization and Protectionism

App Information Microeconomics

  • App Name
  • Package Name
  • Updated
    February 16, 2020
  • File Size
  • Requires Android
    Android 5.0 and up
  • Version
  • Developer
    Open Education
  • Installs
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  • Category
  • Developer
    109 S 5th Street Brooklyn NY 11249
  • Google Play Link
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