Introduction to Microeconomics (7th Edition)

What an unforgettable start we are off to in the 2020s: A severe public health crisis and the ensuing economic uncertainty, a contentious presidential election, and a renewed fight for civil rights and racial equality in response to several high-profile murders have all made it a time unlike any other that today’s college students are likely to have experienced. Questions of equity, inclusion, and economic justice are on the minds of students as well as educators. The seventh edition of Introduction to Microeconomics from BVT Publishing attempts to facilitate these conversations, both explicitly and implicitly. This edition brings in new and differing points of view on these issues as well as alternative and heterodox perspectives from the vast and expanding field of economics. In a particular way, this edition attempts to address the need for more diversity in the field of economics. It does this by highlighting people from diverse backgrounds, both in small ways (such as in photographs and in-text examples) and in more obvious ways (such as by spotlighting the work of women economists and economists of color). Today, both students and instructors rely on the internet as their primary source of information about current economic events. They still need a good textbook to provide a framework for organizing all the information that is available, but that textbook needs to mesh with the material available from online news sources, blogs, and social media. Both authors have experience writing blogs and for other online sources. They have worked hard to make the language more active with shorter sentences, shorter paragraphs, and shorter chapters. The result is that this latest edition of the book reads less like a series of journal articles and more like something students might actually want to read. In addition to a more inviting presentation, much of the content is new, including new case studies and examples throughout the book. Topics range from the latest cont