Introductory Microeconomics

Introductory Microeconomics, 1st Australian edition is an adaptation of an original work by internationally renowned economists Joseph Stiglitz and Carl Walsh. The adapting Australian author team has contextualised the content to suit the needs of Australian university students. Key introductory microeconomics concepts are explained using the latest theory and research, with data relevant to the Australian economy. Throughout the text, these concepts are applied to contemporary local economic issues for businesses and individuals, such as: privatisation market competition the banking sector the automotive industry petrol prices the National Broadband network reducing carbon emissions minimum wages enterprise bargaining labour force participation wealth distribution.  , In addition to a thorough analysis of the contemporary microeconomic landscape in Australia, the text provides useful international comparisons with economies in Asia and Europe, as well as that of the United States. At a concise 13 chapters, this textbook is an ideal resource for a one–semester university course in introductory microeconomics. ,

Chapter 1 Modern economics and thinking like an economist Chapter 2 Demand and supply Chapter 3 Consuming and producing Chapter 4 The competitive firm Chapter 5 Labour and capital markets Chapter 6 The efficiency of competitive markets Chapter 7 Monopoly, monopolistic competition and oligopoly Chapter 8 Government policies towards competition Chapter 9 Imperfections in the labour market Chapter 10 Imperfect information Chapter 11 Strategic behaviour Chapter 12 Externalities, public goods and the public sector Chapter 13 Environmental economics