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Microeconomics: Principles and Practice with Student Resource Access 12 Months : 2nd Edition - Lionel Frost

Microeconomics: Principles and Practice with Student Resource Access 12 Months

2nd Edition

Book with Other Items Published: 14th October 2016
ISBN: 9780170380096
Number Of Pages: 400

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Microeconomics Principles and Practice is a top-tier, academically challenging text that complements Cengage’s suite of Economics titles. Cengage Australia’s second edition of Microeconomics Principles and Practices sees Frost and Schuwalow adapt Taylor’s revised reflections on the global financial crisis and how businesses are recovering. Examples of current events from Australia, New Zealand and the Asia-Pacific region help explain how discussions on the role of the government can affect the economy. Microeconomics Principles and Practice is concerned with concepts and understanding, which sets it apart from competitor texts.

New to this Edition

  • NEW boxed features focusing on current business issues add currency and reflect the latest economic issues.

  • NEW number of chapters has been reduced from 14 chapters to 11, keeping the content concise and relevant.

  • NEW streamlined chapter 6, ‘The Firm and Industry’ includes coverage of the supply curve as well costs of production.

  • NEW streamlined Chapter 9, ‘Strategic behaviour’, examines oligopoly and monopolistic competition

  • Content pertaining to ‘Labour Markets’ is now distributed throughout the book (previously Chapter 13)

About the Authors

Lionel Frost

Lionel is an applied economist with interests in regional development, social inclusion, urban history and sports history. His recent research has included historical and contemporary studies of the development of areas of disadvantage and social exclusion in urban and rural and remote Australia, and the role of sports-based organizations in creating and maintaining social capital in Australian communities. Lionel has worked on the Taylor texts for several editions, and has an extensive publication record.

Peter Schuwalow

Peter taught Microeconomics, Macroeconomics and Sports Economics at Monash from 1990-2016. Research interests currently revolve around Sport Economics and Sport History.

Akila Weerapana

Akila Weerapana is Associate Professor of Economics at Wellesley College. He was born and raised in Sri Lanka and came to the United States to complete his undergraduate work at Oberlin College, where he earned a B.A. with highest honors in Economics and Computer Science in 1994. Inspired by his professors at Oberlin, he attended graduate school at Stanford University. He received his Ph.D. in Economics from Stanford in 1999, writing his dissertation in monetary economics under the mentorship of Dr. John Taylor. Having taught several classes at Stanford while he was a graduate student, Dr. Weerapana was determined to pursue a career as a liberal arts college professor, combining his research interests with the opportunity to teach economics to gifted college students. Since 1999 Dr. Weerapana has taught more than 800 students at the Economics Department at Wellesley College. His teaching interests span all levels of the department's curriculum, including introductory and intermediate macroeconomics, international finance, monetary economics and mathematical economics. He was awarded Wellesley's Pinanski Prize for Excellence in Teaching in 2002. He has advised many students who have pursued graduate studies in economics or who have worked in economic research at the Federal Reserve. In addition to teaching, Dr. Weerapana's research interests focus on macroeconomics, specifically in the areas of monetary economics, international finance and political economy.

Part 1 – Introduction to Economics

1. The methods and ideas of microeconomics

Appendix to Chapter 1: Diagrammatic Representation of Functional Relationships

2. Scarcity, choice and economic interaction

Part 2 – How markets work

3. Supply and demand model

4. Elasticity

5. The consumer

6. The firm and the industry

Part 3 – Market Structures

7. The competitive market

8. Monopoly

9. Strategic behaviour

Part 4 – Global Markets and externalities

10. International trade

11. Public goods, common resources & externalities



ISBN: 9780170380096
ISBN-10: 0170380092
Audience: Tertiary; University or College
Format: Book with Other Items
Language: English
Number Of Pages: 400
Published: 14th October 2016
Publisher: Cengage Learning Australia
Country of Publication: AU
Dimensions (cm): 25.4 x 21.6  x 1.4
Weight (kg): 0.74
Edition Number: 2
Edition Type: Revised

Earn 286 Qantas Points
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