Colander: Microeconomics, 12e 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.
David Colanders trademark colloquial approach focuses on modern economics, institutions, history, and modeling. He 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 this text 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 I: INTRODUCTION: THINKING LIKE AN ECONOMIST
Chapter 1: Economics and Economic Reasoning
Chapter 2: The Production Possibility Model, Trade, and Globalization
Appendix: Graphish: The Language of Graphs
Chapter 3: Economic Institutions Appendix: The History of Economic Systems
Chapter 4: Supply and Demand
Chapter 5: Using Supply and Demand
Appendix: Algebraic Representation of Supply, Demand, and
Equilibrium
PART II: MICROECONOMICS
THE POWER OF TRADITIONAL ECONOMIC MODELS
Chapter 6: Describing Supply and Demand: Elasticities
Chapter 7: Taxation and Government Intervention
Chapter 8: Market Failure versus Government Failure
INTERNATIONAL ECONOMIC POLICY ISSUES
Chapter 9: Comparative Advantage, Exchange Rates, and Globalization
Chapter 10: International Trade Policy
PRODUCTION AND COST ANALYSIS
Chapter 11: Production and Cost Analysis I
Chapter 12: Production and Cost Analysis II
Appendix: Isocost/Isoquant Analysis
MARKET STRUCTURE
Chapter 13: Perfect Competition
Chapter 14: Monopoly and Monopolistic Competition
Appendix: The Algebra of Competitive and Monopolistic
Firms
Chapter 15: Oligopoly and Antitrust Policy
Chapter 15W: Politics and Economics: The Case of Agricultural Markets
Chapter 16: Real-World Competition and Technology
FACTOR MARKETS
Chapter 17: Work and the Labor Market
Appendix: Derived Demand
Chapter 17W: Nonwage and Asset
Income: Rents, Profits, and Interest
Chapter 18: Who Gets What? The
Distribution of Income
CHOICE AND DECISION MAKING
Chapter 19: The Logic of Individual Choice: The Foundation of Supply and
Demand
Appendix: Indifference Curve Analysis
Chapter 20: Game Theory, Strategic Decision Making, and Behavioral Economics
Appendix: Game Theory and Oligopoly
MODERN ECONOMIC THINKING
Chapter 21: Thinking Like a Modern Economist
Chapter 22: Behavioral Economics and Modern Economic Policy
Chapter 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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