Microeconomics,, 16th Canadian Edition

(Sean Pound) #1

Contents


List of Boxes ix


To the Instructor x


To the Student xiv


Acknowledgements xv


About the Author xvi


Chapter 1 Economic Issues and Concepts 1



  1. 1 What Is Economics? 3
    Resources 4
    Scarcity and Choice 4
    Four Key Economic Problems 8
    Microeconomics and Macroeconomics 9
    Economics and Government Policy 9

  2. 2 The Complexity of Modern Economies 10
    The Nature of Market Economies 11
    The Decision Makers and Their Choices 13
    Production and Trade 15

  3. 3 Is There an Alternative to the Market Economy? 17


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