Exploring Microeconomics
Eighth Edition
- Robert L. Sexton - Pepperdine University, USA
Courses:
Principles of Microeconomics
Principles of Microeconomics
January 2019 | 616 pages | SAGE Publications, Inc
The excitement of learning economics for the first time.
The experience of a lifetime of teaching it.
The Eighth Edition of Exploring Microeconomics captures the excitement of learning microeconomics for the first time through a lively and encouraging narrative that connects microeconomics to the world in a way that is familiar to students. Author Robert L. Sexton draws on over 25 years of teaching experience to capture students’ attention, focusing on core concepts and expertly weaving in examples from current events and popular culture to make even classic economic principles modern and relatable. The text sticks to the basics and applies a thoughtful learning design, segmenting its presentation into brief, visually appealing, self-contained sections that are easier for students to digest and retain compared to sprawling text.
Thoughtfully placed section quizzes, interactive summaries, and problem sets help students check their comprehension at regular intervals and develop the critical thinking skills that will allow them to “think like economists.” Combined with a complete teaching and learning package including online homework and flexible teaching options, Exploring Microeconomics is sure to help you ignite your students’ passion for the field and reveal its practical application in the world around them.
A Complete Teaching & Learning Package
Courseware with Algorithmic Assignments
SAGE amp is dynamic courseware solution that integrates SAGE textbook content with auto-graded algorithmic assignments, exclusive video content, and other learning tools and resources. Order using bundle ISBN 978-1-5443-7984-5 (paperback + SAGE amp). Learn more.
Easy LMS Import
SAGE coursepacks for instructors makes it easy to import our quality instructor and student resource content into your school’s learning management system (LMS). Learn more.
Online Resources
SAGE edge for students, the companion website specifically designed for this text, offers a robust online environment with the learning tools and resources students need to succeed. Learn more.
The experience of a lifetime of teaching it.
The Eighth Edition of Exploring Microeconomics captures the excitement of learning microeconomics for the first time through a lively and encouraging narrative that connects microeconomics to the world in a way that is familiar to students. Author Robert L. Sexton draws on over 25 years of teaching experience to capture students’ attention, focusing on core concepts and expertly weaving in examples from current events and popular culture to make even classic economic principles modern and relatable. The text sticks to the basics and applies a thoughtful learning design, segmenting its presentation into brief, visually appealing, self-contained sections that are easier for students to digest and retain compared to sprawling text.
Thoughtfully placed section quizzes, interactive summaries, and problem sets help students check their comprehension at regular intervals and develop the critical thinking skills that will allow them to “think like economists.” Combined with a complete teaching and learning package including online homework and flexible teaching options, Exploring Microeconomics is sure to help you ignite your students’ passion for the field and reveal its practical application in the world around them.
A Complete Teaching & Learning Package
Courseware with Algorithmic Assignments
SAGE amp is dynamic courseware solution that integrates SAGE textbook content with auto-graded algorithmic assignments, exclusive video content, and other learning tools and resources. Order using bundle ISBN 978-1-5443-7984-5 (paperback + SAGE amp). Learn more.
Easy LMS Import
SAGE coursepacks for instructors makes it easy to import our quality instructor and student resource content into your school’s learning management system (LMS). Learn more.
Online Resources
SAGE edge for students, the companion website specifically designed for this text, offers a robust online environment with the learning tools and resources students need to succeed. Learn more.
Part I: Introduction
Chapter 1: The Role and Method of Economics
| 1.1 Economics: A Brief Introduction |
| 1.2 Economic Behavior |
| 1.3 Economic Theory and Models |
| 1.4 Pitfalls to Avoid in Scientific Thinking |
| 1.5 Positive Statements and Normative Statements |
Chapter 2: Economics: Eight Powerful Ideas
| 2.1 Idea 1: People Face Scarcity and Costly Trade-Offs |
| 2.2 Idea 2: People Engage in Rational Decision Making and Marginal Thinking |
| 2.3 Idea 3: People Respond Predictably to Changes in Incentives |
| 2.4 Idea 4: Specialization and Trade Can Make People Better Off |
| 2.5 Idea 5: Markets Can Improve Economic Efficiency |
| 2.6 Idea 6: Appropriate Government Policies Can Improve Market Outcomes |
| 2.7 Idea 7: Government Policies May Help Stabilize the Economy |
| 2.8 Idea 8: Increasing Productivity Leads to Economic Growth |
Chapter 3: Scarcity, Trade-Offs, and Production Possibilities
| 3.1 The Three Economic Questions Every Society Faces |
| 3.2 The Circular Flow Model |
| 3.3 The Production Possibilities Curve |
| 3.4 Economic Growth and the Production Possibilities Curve |
Part II: Supply and Demand
Chapter 4: Demand, Supply, and Market Equilibrium
| 4.1 Markets |
| 4.2 Demand |
| 4.3 Shifts in the Demand Curve |
| 4.4 Supply |
| 4.5 Shifts in the Supply Curve |
| 4.6 Market Equilibrium Price and Quantity |
Chapter 5: Markets in Motion and Price Controls
| 5.1 Changes in Market Equilibrium |
| 5.2 Price Controls |
Chapter 6: Elasticities
| 6.1 Price Elasticity of Demand |
6.2 Total Revenue and the Price Elasticity of Demand
| 6.3 Other Types of Demand Elasticities |
| 6.4 Price Elasticity of Supply |
Part III: Market Efficiency, Market Failure, and the Public System
Chapter 7: Market Efficiency and Welfare
| 7.1 Consumer Surplus and Producer Surplus |
| 7.2 The Welfare Effects of Taxes, Subsidies, and Price Controls |
Chapter 8: Market Failure
| 8.1 Externalities |
| 8.2 Public Policy and the Environment |
| 8.3 Property Rights and the Environment |
| 8.4 Public Goods |
| 8.5 Asymmetric Information |
Chapter 9: Public Finance and Public Choice
| 9.1 Public Finance: Government Spending and Taxation |
| 9.2 Public Choice |
Part IV: Households and Market Structure
Chapter 10: Consumer Choice Theory
| 10.1 Consumer Behavior |
| 10.2 The Consumer's Choice |
| 10.3 Behavioral Economics |
Chapter 11: The Firm: Production and Costs
| 11.1 Firms and Profts: Total Revenues Minus Total Costs |
| 11.2 Production in the Short Run |
| 11.3 Costs in the Short Run |
| 11.4 The Shape of the Short-Run Cost Curves |
| 11.5 Cost-Curves: Short Run versus Lung Run |
Chapter 12: Firms in Perfectly Competitive Markets
| 12.1 A Perfectly Competitive Market |
| 12.2 An Individual Price Taker's Demand Curve |
| 12.3 Profit Maximization |
| 12.4 Short-Run Profits and Losses |
| 12.5 Long-Run Equilibrium |
| 12.6 Long-Run Supply |
Chapter 13: Monopoly and Antitrust
| 13.1 Monopoly: The Price Maker |
| 13.2 Demand and Marginal Revenue in Monopoly |
| 13.3 The Monopolist's Equilibrium |
| 13.4 Monopoly and Welfare Loss |
| 13.5 Monopoly Policy |
| 13.6 Price Discrimination and Peak Load Pricing |
Chapter 14: Monopolistic Competition and Product Differentiation
| 14.1 Monopolistic Competition |
| 14.2 Price and Output Determination in Monopolistic Competition |
| 14.3 Monopolistic Competition versus Perfect Competition |
| 14.4 Advertising |
Chapter 15: Oligopoly and Strategic Behavior
| 15.1 Oligopoly |
| 15.2 Collusion and Cartels |
| 15.3 Other Oligopoly Models |
| 15.4 Game Theory and Strategic Behavior |
Part V: Input Markets and Microeconomic Policy Issues
Chapter 16: The Markets for Labor, Capital, and Land
| 16.1 Input Markets |
| 16.2 Supply and Demand in the Labor Market |
| 16.3 Labor Market Equilibrium |
| 16.4 Labor Unions |
| 16.5 The Markets for Land and Capital |
Chapter 17: Income, Poverty, and Health Care
| 17.1 Income Distribution |
| 17.2 Income Redistribution |
| 17.3 The Economics of Discrimination |
| 17.4 Poverty |
| 17.5 Health Care |
Part VI: The Global Economy
Chapter 18: International Trade
| 18.1 The Growth in World Trade |
| 18.2 Comparative Advantage and Gains from Trade |
| 18.3 Supply and Demand in International Trade |
| 18.4 Tariffs, Import Quotas, and Subsidies |
Chapter 19: International Finance
| 19.1 The Balance of Payments |
| 19.2 Exchange Rates |
| 19.3 Equilibrium Changes in the Foreign Exchange Market |
| 19.4 Flexible Exchange Rates |
Supplements
Student Resource Site
SAGE edge for students is easy to use and offers:
- an open-access site that makes it easy for students to maximize their study time, anywhere, anytime;
- over 100 Figure it Out narrative video graphs, created and explained by the author, provide
additional review for complex graphing topics; - eFlashcards and eQuizzes;
- chapter summaries with learning objectives;
- chapter-specific study questions;
- exercises and meaningful Web links that facilitate student use of Internet resources, further exploration of topics, and responses to critical thinking questions.
Instructor Resource Site
Instructors: SAGE coursepacks and SAGE edge online resources are included FREE with this text. For a brief demo, contact your sales representative today.
SAGE coursepacks for instructors
Say NO to…
- required access codes
- learning a new system
Say YES to…
- using only the content you want and need
- high-quality assessment and multimedia exercises
*For use
Don’t use an LMS platform? No problem, you can still access many of the online resources for your text via SAGE edge.
With SAGE coursepacks, you get:
- quality textbook content delivered directly into your LMS;
- an intuitive, simple format that makes it easy to integrate the material into your course;
- assessment tools that foster review, practice, and critical thinking, including:
- diagnostic chapter pre-tests and post-tests;
- test banks built on Bloom’s Taxonomy with ExamView test generation;
- activity and quiz options;
- instructions on how to use and integrate the comprehensive assessments and resources provided;
- chapter-specific discussion questions to help launch engaging classroom interaction;
- exclusive SAGE journal and reference content, built into course materials and assessment tools, that ties influential research and scholarship to chapter concepts;
- editable, chapter-specific PowerPoint® slides that offer flexibility when creating multimedia lectures so you don’t have to start from scratch;
- sample course syllabi with suggested models for structuring your course that give you options to customize your course;
- lecture notes that summarize key concepts on a chapter-by-chapter basis; and
- all tables and figures from the textbook.
HEOA Compliance
Available formats
| ISBN: 9781544363349 | Loose-leaf | Suggested Retail Price: $79.00 | Bookstore Price: $63.20 |
| ISBN: 9781544339450 | Electronic Version | Suggested Retail Price: $84.00 | Bookstore Price: $67.20 |
| ISBN: 9781544339443 | Paperback | Suggested Retail Price: $105.00 | Bookstore Price: $84.00 |
| ISBN: 9781544376844 | Electronic Version | Suggested Retail Price: $85.00 | Bookstore Price: $68.00 |
Should you need additional information or have questions regarding the HEOA information provided for this title, including what is new to this edition, please email sageheoa@sagepub.com. Please include your name, contact information, and the name of the title for which you would like more information. For information on the HEOA, please go to http://ed.gov/policy/highered/leg/hea08/index.html.
We hope you'll consider this SAGE text. Email us at info@sagepub.com, or click here to find your SAGE rep.
SAGE
2455 Teller Road
Thousand Oaks, CA 91320
www.sagepub.com
