Principles of Microeconomics: Australia and New Zealand Edition 6th Edition
Joshua Gans | Stephen King, Ph.D. | Martin Byford | N. Gregory Mankiw
Principles of Microeconomics: Australia and New Zealand Edition 7th Edition
Joshua Gans | Stephen King, Ph.D. | Martin Byford
ISBN-13: 9780170382601 | ISBN-10: 0170382605
© 2018 | Published |  584  Pages
Previous Editions: 2015

Binding Format:

Paperback/Softcover Book/Jrnal
US $115.5
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Principles of Microeconomics 7th edition caters for a single semester introductory unit in Microeconomics. The latest edition of this text continues to focus on important concepts and analyses necessary for students in an introductory economics course. In keeping with the authors’ philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues, such as climate change and resource taxation.

* Discusses microeconomic reform throughout the chapters on firm behaviour and industrial organisation, rather than as a separate topic
* Teaches students about the differences between price and quantity competition in oligopoly, and makes the latest game-theoretic thinking on these issues accessible to introductory economics students
* ‘Frontiers of microeconomics’ chapter goes beyond standard microeconomics to examine cutting-edge issues such as the role of information, political economy and behavioural economics; all of which help explain more of what happens in the real world

This edition is supported with rich digital resources including MindTap, Aplia, and CourseMate, comprising flashcards, graphing workshops, games, quizzes, and videos as well as referring students to the online Search me! database.

  • Part 1: Introduction
    1. Ten lessons from economics
    2. Thinking like an economist
    3. Interdependence and the gains from trade
    Part 2: Supply and demand I: How markets work
    4. The market forces of supply and demand
    5. Elasticity and its application
    6. Supply, demand and government policies
    Part 3: Supply and demand II: Markets and welfare
    7. Consumers, producers and the efficiency of markets
    8. Application: The costs of taxation
    9. Application: International trade
    Part 4: The economics of the public sector
    10. Externalities
    11. Public goods and common resources
    12. The design of the tax system
    Part 5: Firm behaviour and the organisation of industry
    13. The costs of production
    14. Firms in competitive markets
    15. Monopoly
    16. Monopolistic competition
    17. Oligopoly and business strategy
    18. Competition policy
    Part 6: The economics of labour markets
    19. The markets for the factors of production
    20. Earnings, unions and discrimination
    21. Income inequality and poverty
    Part 7: Topics for further study
    22. The theory of consumer choice
    23. Frontiers of microeconomics

    • End-of-chapter Summaries, Questions for Review as well as Problems and Applications to reinforce chapter content and encourage critical thinking
    • ‘FYI’ boxes present additional material designed to enhance the concepts covered in each chapter.
    • ‘FYI’ boxes present additional material designed to enhance the concepts covered in each chapter.
    • Aplia, developed by Paul Romer specifically for economics students, accompanies this text allowing students to practise, revise and see the bigger picture as they do homework and assignments
    • Prominent economists with extensive undergraduate teaching experience have written a student-friendly text that explains clearly and explores contemporary issues. Applications and policy appear alongside formal economic theory
    • ‘Ten Lessons from Economics’ are outlined in chapter 1 and are referred back to throughout the text to remind students that these lessons are the key to most economic analysis
    • 'In the News’ boxes contain recent news articles that show students how economic ideas shed light on current affairs and provide opportunity for policy analysis
    • Now with MindTap
    • Chapter 18 extensively updated as a result of a recently released policy document on Competition and Regulation
    • New multiple choice questions to test student knowledge and comprehension
    • Updated cases and economic data keeps the material current and relevant for your students
    • *NEW* MINDTAP® PROVIDES THE MOST ADVANCED DIGITAL COURSE SOLUTION IN EDUCATIONAL PUBLISHING. The student-focused resources within MindTap® respond to the individualised needs of introductory students with a prescribed learning path. MindTap® gives you, the instructor, the flexibility to create the course you want using either publisher-provided material, your own material or third-party materials
For more information about these supplements, or to obtain them, contact your Learning Consultant

  • Joshua Gans holds the Skoll Chair in Innovation and Entrepreneurship at the Rotman School of Management, University of Toronto. He studied economics at the University of Queensland and Stanford University. He currently teaches network and digital market strategy. Professor Gans’s research ranges over many fields of economics including economic growth, game theory, regulation and the economics of technological change and innovation. His work has been published in academic journals including the American Economic Review, Journal of Economic Perspectives, Journal of Political Economy and the Rand Journal of Economics. Joshua also has written the popular book, Parentonomics (published by MIT Press) and founded the Core Economics blog( Currently, he is an associate editor at Management Science and the Journal of Industrial Economics. He has also undertaken consulting activities (through his consulting firm, CoRE Research), advising governments and private firms on the impact of microeconomic reform and competition policy in Australia. In 2007, he was awarded the Economic Society of Australia’s Young Economist Award for the Australian economist under 40 who has made the most significant contribution to economic knowledge. In 2008, he was elected as a Fellow of the Academy of Social Sciences Australia.

    Professor Gans lives in Toronto with his spouse and three children.

    Stephen King is Professor of Economics at Monash University and a Member of the Economic Regulation Authority of Western Australia. After several years as Dean of the Business Faculty, Stephen has returned to the classroom and is once again teaching first year students.
    Prior to joining Monash, Stephen was a Commissioner at the Australian Competition and Consumer Commission. Stephen completed his economics degree at the Australian National University, and his PhD at Harvard University in 1991. Stephen has taught a variety of courses, including introductory courses at Harvard University and the University of Melbourne. Stephen specialises in industrial economics, although his research has covered a wide range of areas, including game theory, corporate finance, privatisation and tax policy. His work has been published in academic journals such as the Journal of Industrial Economics, European Economic Review and Journal of Political Economy. Stephen regularly provides advice to both government and private firms on a range of issues relating to regulation and competition policy. He is a Lay Member of the High Court of New Zealand and a Fellow of the Academy of Social Sciences in Australia.

    Martin Byford teaches Microeconomic Theory, Industrial Organisation and Game Theory at RMIT. He studied Engineering at University of Melbourne, and Economics at La Trobe University, before returning to University of Melbourne to complete a PhD in Economics in 2007, during which he was supervised by Joshua Gans. His research interests lie in the field of industrial organisation; specifically price theory, market structure and dynamic oligopoly. His article, ‘Addictive Drug Use Management Policies in a Long-Run Economic Model’ (with Harry Clarke), was published in Australian Economic Papers in 2009.