Colanders Microeconomics 11e is specifically designed to help todays students succeed in the principles of economics course and grasp economics concepts they can apply in their daily lives. Colanders trademark colloquial approach focuses on modern economics, institutions, history, and modeling. Colander presents and applies economic models, but also encourages students to think about model nuances, building their critical thinking skills and applying models to the real world. Content in Colander is organized around learning objectives to make it easier for students to understand the material and for instructors to build assignments within Connect. Through Connect and SmartBook, students will find engaging activities, helpful tutorial videos, and learning resources at that moment of need.
PART 1: INTRODUCTION: THINKING LIKE AN ECONOMIST
1 Economics and Economic Reasoning
2 The Production Possibilities Model, Trade, and Globalization
3 Economic Institutions
4 Supply and Demand
5 Using Supply and Demand
PART II: MICROECONOMICS
THE POWER OF TRADITIONAL ECONOMIC MODELS
6 Describing Supply and Demand: Elasticities
7 Taxation and Government Intervention
8 Market Failure versus Government Failure
8W Politics and Economics: The Case of Agricultural Markets
INTERNATIONAL ECONOMIC POLICY ISSUES
9 Comparative Advantage, Exchange Rates, and Globalization
10 International Trade Policy
PRODUCTION AND COST ANALYSIS
11 Production and Cost Analysis I
12 Production and Cost Analysis II
MARKET STRUCTURE
13 Perfect Competition
14 Monopoly and Monopolist Competition
15 Oligopoly and Antitrust
16 Real-World Competition and Technology
FACTOR MARKETS
17 Work and the Labor Market
17W Nonwage and Asset Income: Rents, Profits, and Interest
18 Who Gets What? The Distribution of Income
CHOICE AND DECISION MAKING
19 The Logic of Individual Choice: The Foundation of Supply and Demand
20 Game Theory, Strategic Decision Making, and Behavioral Economics
MODERN ECONOMIC THINKING
21 Thinking Like a Modern Economist
22 Behavioral Economics and Modern Economic Policy
23 Microeconomic Policy, Economic Reasoning, and Beyond
David Colander was a distinguished College Professor at Middlebury College. He has authored, coauthored, or edited over 40 books and over 150 articles on a wide range of economic topics.He earned his B.A. at Columbia College and his M.Phil. and Ph.D. at Columbia University. He studied at the University of Birmingham in England and at Wilhelmsburg Gymnasium in Germany. Professor Colander has taught at Columbia University, Vassar College, the University of Miami, and Princeton University as the Kelley Professor of Distinguished Teaching. He was also a consultant to Time-Life Films, a consultant to Congress, a Brookings Policy Fellow, and Visiting Scholar at Nuffield College, Oxford.He has been president of both the History of Economic Thought Society and the Eastern Economics Association. He has also served on the editorial boards of theJournal of Economic Perspectives, The Journal of Economic Education, The Journal of Economic Methodology, The Journal of the History of Economic Thought, The Journal of Socio-Economics, and The Eastern Economic Journal.He was chair of the AEA Committee on Electronic Publishing, a member of the AEA Committee on Economic Education, and was associate editor for content of the Journal of Economic Education.He was married to a pediatrician, Patrice. In their spare time, the Colanders designed and built an oak post-and-beam house on a ridge overlooking the Green Mountains to the east and the Adirondacks to the west. The house is located on the site of a former drive-in movie theater. They lived in both Florida and Vermont until Colander passed away in December of 2023.
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