Test Bank for Microeconomics 5th by Besanko

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Product details:

• ISBN-10 ‏ : ‎ 1118488873
• ISBN-13 ‏ : ‎ 978-1118488874
• Author:  David Besanko; Ronald Braeutigam  

Business professionals that struggle to understand key concepts in economics and how they are applied in the field rely on Microeconomics. The 5th edition makes the material accessible while helping them build their problem-solving skills. It includes numerous new practice problems and exercises that arm them with a deeper understanding. Learning by Doing exercises explore the theories while boosting overall math skills. Graphs are included throughout the mathematical discussions to reinforce the material. In addition, the balanced approach of rigorous economics gives business professionals a more practical resource.

Table of contents:

AN INTRODUCTION TO ECONOMICS.

PART ONE: ECONOMICS: THE SCIENCE OF SCARCITY.

1. What Economics is About.

Appendix A: Working with Diagrams.

2. Trade, Tradeoffs, and Economics Systems.

3. Supply, Demand, and Price: The Theory.

4. Applications of Supply and Demand: Explaining and Predicting Market and Nonmarket Behavior.

MICROECONOMICS. PART TWO: MICROECONOMIC FUNDAMENTALS.

5. Elasticity.

6. The Logic of Consumer Choice.

Appendix B: Budget Constraint and Indifference Curve Analysis.

7. The Firm.

8. Production and Costs.

PART THREE: PRODUCT MARKETS AND POLICIES.

9. Perfect Competition.

10. Monopoly.

11. Monopolistic Competition and Oligopoly.

12. Government and Product Markets: Antitrust and Regulation.

13. Agriculture: Farmers’ Problems, Government Policies, and Unintended Effects. PART FOUR: FACTOR MARKETS AND RELATED ISSUES.

14. Factor Markets: With Emphasis on the Labor Market.

15. Wages, Unions, and Labor.

16. The Distribution of Income and Poverty.

17. Interest, Rent, and Profit.

PART FIVE: MARKET FAILURE AND PUBLIC CHOICE.

18. Market Failure: Externalities, Public Goods, and Asymmetric Information.

19. Public Choice: Economic Theory Applied to Politics. THE WORLD ECONOMY.

PART SIX: INTERNATIONAL ECONOMICS: THEORY AND POLICY. 20. International Trade.

21. International Finance.

22. International Economic Development.

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