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Exploring  Microeconomics - SAGE amp edition

Exploring Microeconomics - SAGE amp edition

Eighth Edition
Additional resources:

May 2019 | SAGE Publications, Inc

A dynamic courseware solution with algorithmic assignments

Exploring Microeconomics, 8e – SAGE amp edition is a dynamic courseware solution that integrates Robert L. Sexton’s Exploring Microeconomics, 8e course content with video, assessments, assignments, and other active learning tools in a streamlined and simple-to-use environment. Accessible across mobile, desktop, and tablet devices, this user-friendly platform helps students apply knowledge to master content and perform better in their course. Instructors are able to save time with auto-generated and graded assignments while a gradebook gives real-time insight into student and class performance.

 INSTRUCTORS: To learn more about SAGE amp or request a demo, please contact your SAGE rep.

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

Key features

SAGE amp for Instructors

  • Auto-generated and auto-graded assignments relieve instructors from complex, time-consuming question writing and course prep while algorithmic questions support student mastery through limitless attempts. Assignments include:
    • Mathematical formula questions
    • Multiple choice questions
  •  Additional auto-graded assignments include: 
    • Matching questions
    • Fill-in-the-blank questions
    • Truth/false questions
  • Assignable, auto-graded video activities that present important concepts and reinforce key ideas in a unique, engaging way.
  • Short answer essay questions provide application and critical thinking opportunities connected to key concepts.
  • gradebook tracks all student activity and provides real-time data around their learning for instructors to monitor and adapt instruction as needed.
  • Authoring and editing tools allow instructors to modify questions and add their own questions as needed.


SAGE amp for Students

  • An integrated eBook provides students access to the full text anywhere they are connected to the Internet.
  • Algorithmic practice problems give students limitless practice opportunities to master necessary course skills.
  • Video activities capture and retain student interest while simultaneously allowing them to apply and critically think about key course concepts.
  • Learning objectives and Knowledge Check review questions ensure students stay on a clearly defined track to learning. 


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ISBN: 9781544377292