About the Book
The thoroughly updated and revised 19th edition of Microeconomics in Context contains new chapter introductions reviewing the concepts examined in each article, discussion questions relating them to standard textbooks, and new articles addressing the latest real-world issues and controversies, including changes in the banking industry, growing inequality, the aftermath of the Great Recession, and global trade and development. This new edition adds a chapter on taxation, as well as a new policy-spotlight chapter on labor unions and movements. The articles bring complex topics to life by showing the effects of economic trends on communities, workers, and the environment.
Microeconomics in Context’s engaging articles are drawn from the pages of Dollars & Sense, the leading magazine of popular economics. Dollars & sense also publishes Micronomics in context, the wealth inequality reader, current economic issues, real world globalization, real world banking & finance, real world labor, the environment in crisis, introduction to political economy, unlevel playing fields, grassroots journalism, real world latin America, the economic crisis reader, and striking a balance: work, family, life.
Chapter 1 G MARKETS: IDEOLOGY AND REALITY
Chapter 2 G SUPPLY AND DEMAND
Chapter 3 G CONSUMERS
Chapter 4 G FIRMS, PROUDCTION,AND PROFIT MAXIMIZATION
Chapter 5 G MARKET STRUCTURE AND MONOPOLY
Chapter 6 G LABOR MARKETS
Chapter 7 G THE DISTRIBUTION OF INCOME
Chapter 8 G MARKET FAILURE, GOVERNMENT POLICY, AND CORPORATE GOVERNANCE
Chapter 9 G TAXATION
Chapter 10 G TRADE AND DEVELOPMENT
Chapter 11 G POLICY SPOTLIGHT: Labor Movements and Unions