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Principles of Microeconomics Fifth Canadian Edition

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PRINCIPLES OF MICROECONOMICS:

A

G U I D E D

T O U R

PART ONE: INTRODUCTION Chapter 1 Chapter 2 Chapter 3
Ten Principles of Economics Thinking Like an Economist Interdependence and the Gains from Trade The study of economics is guided by a few big ideas. Economists view the world as both scientists and policymakers. The theory of comparative advantage explains how people benefit from economic interdependence.

PART TWO: SUPPLY AND DEMAND I: HOW MARKETS WORK Chapter 4
The Market Forces of Supply and Demand Elasticity and Its Application Supply, Demand, and Government Policies How does the economy coordinate interdependent economic actors? Through the market forces of supply and demand. The …show more content…

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Principles of Microeconomics, Fifth Canadian Edition by N. Gregory Mankiw, Ronald D. Kneebone, and Kenneth J. McKenzie Associate Vice President, Editorial Director: Evelyn Veitch Editor-in-Chief, Higher Education: Anne Williams

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