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Key Benefitnbsp Hubbard amp OBrien are still keeping it real in the third edition with new and updated coverage that reflects the current state of the economy and the recent financial meltdown nbsp Key Topics MICROECONOMICSnbsp Economics Foundations and Models Tradeoffs Comparative Advantage and the Market System Where Prices Come From The Interaction of Demand and Supply Economic Efficiency Government Price Setting and Taxesnbsp Externalities Environmental Policy and Public Goods Elasticity The Responsiveness of Demand and Supply Firms the Stock Market and Corporate Governance Comparative Advantage and the Gains from International Trade Consumer Choice and Behavioral Economicsnbsp Technology Production and Costs Firms in Perfectly Competitive Markets Monopolistic Competition The Competitive Model in a More Realistic Setting Oligopoly Firms in Less Competitive Markets Monopoly and Antitrust Policy Pricing Strategy The Markets for Labor and Other Factors of Production The Economics of Information The Tax System and the Distribution of Income nbsp Marketnbsp For anyone in business who wants to benefit from understanding the economic forces behind their work
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