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Microeconomics (11th Edition), by Michael Parkin
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For the principle of microeconomics course. This book is also suitable for all readers interested in economics.
Thoroughly updated, stripped of technical detail where possible, extensively illustrated with well-chosen photographs, enlivened with new applications features that focus on issues at play in today’s world, responsive to the suggestions of reviewers and users, and seamlessly integrated with MyEconLab: These are the hallmarks of this eleventh edition of Microeconomics.
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Parkin brings critical issues to the forefront. Each chapter begins with one of today’s key issues, and additional issues appear throughout the chapter to show the real-world applications of the theory being discussed. When the chapter concludes, readers “read between the lines” to think critically about a news article relating to the issue, demonstrating how thinking like an economist can bring a clearer perspective to and deeper understanding of today’s events. Readers will begin to think about issues the way real economists do and learn how to explore difficult policy problems and make more informed decisions in their own economic lives.
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Parkin is so committed to currency that he uploads news articles almost daily to MyEconLab�, the online assessment and tutorial system that accompanies the text. Assessment questions based on the Economics in the News articles are uploaded periodically so that instructors can assign recent articles within MyEconLab. Note: If you are purchasing the standalone text or electronic version, MyEconLab does not come automatically packaged with the text. To purchase MyEconLab, please visit: www.myeconlab.com or you can purchase a package of the physical text + MyEconLab by searching the Pearson web site.� MyEconLab is not a self-paced technology and should only be purchased when required by an instructor.
- Sales Rank: #73093 in Books
- Brand: Brand: Prentice Hall
- Published on: 2013-01-24
- Original language: English
- Number of items: 1
- Dimensions: 10.70" h x 1.00" w x 8.40" l, 2.30 pounds
- Binding: Paperback
- 552 pages
- Used Book in Good Condition
About the Author
Michael Parkin is Professor Emeritus in the Department of Economics at the University of Western Ontario, Canada. Professor Parkin has held faculty appointments at Brown University, the University of Manchester, the University of Essex, and Bond University. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics and as managing editor of the Canadian Journal of Economics. Professor Parkin’s research on macroeconomics, monetary economics, and international economics has resulted in over 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit and Banking. He became most visible to the public with his work on inflation that discredited the use of wage and price controls. Michael Parkin also spearheaded the movement toward European monetary union. Professor Parkin is an experienced and dedicated teacher of introductory economics.
Most helpful customer reviews
1 of 1 people found the following review helpful.
For Your Micro-Econ Class
By Nate
This book is not the most exciting. If you don't have a preexisting excitement about the subject of economics, this book will not help you gain any enthusiasm for the subject. That being said, the problems are in depth, the examples make sense, and it doesn't require any extra effort to try and interpret what the author is saying. This understanding may come differently for you than it came for me. If your professor just wants you to know the concepts of the lectures he/she gives, this edition is fine to use. If your professor requires you to have the most updated edition of the text and follow along with the examples, do not purchase this book.
1 of 1 people found the following review helpful.
Very poor educational book on Microeconomics
By macrostudent21
Very poor educational book on Microeconomics. The material is very wordy and confusing to follow. This book doesn't break down the concepts or explain them well. The mathematics are worded out into paragraph form instead of written in equation form. Overall one would be better off finding another book cause this does a disservice to teaching.
0 of 0 people found the following review helpful.
An Apology, Not a Textbook
By Marti A.
If your wish is to indoctrinate your students using a point-by-point apology for neoliberal economics, this is your text. See, for instance, the section on Income Inequality. It uses the example of 'Lee and Peter' to claim the Lorenz curve for income is a truer measure of inequality than the Lorenz curve for wealth. The story goes like this:
Lee has a job that pays him $50,000 dollars a year, but no accumulated wealth. Peter has $1,000,000 in the bank. He gets a 5% interest rate on this, giving him an identical $50,000 a year income. Therefore, it only looks like Peter's wealthy on paper. In fact he has no more access to money than Lee. They are therefore in an identical set of economic circumstances.
Of course, there is one little matter left out of Prof. Parkin's account: Peter doesn't have to work! (And this is leaving aside the fact that, when hard times come, he has a million dollars in the bank to tide him over...)
Similarly lacking defenses are provided for everything from outsourcing to you-name-it. This book isn't an introduction to microeconomics. It's an introduction to a particular school of economics, one whose entire raison d'etre is to defend the interests of that top 1% that still show up so clearly on Prof. Parkin's graph, in spite of his efforts to whitewash it.
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