Microeconomics in Context

"Microeconomics in Context" provides a thorough introduction to the principles of microeconomics, updated and broadened to reflect the economic realities of the 21st century. The text builds upon the strengths of standard, neoclassical economics, but takes into account environmental, institutional, political, psychological, ethical, and social issues often neglected in other introductory Principles textbooks. The authors introduce students to the standard topics and tools taught in most introductory courses, "and" to a broader and richer set of topics and tools.The authors highlight how goals and values shape all aspects of people's lives, particularly economic issues.The discussion of physical and social/psychological contexts covers human motivation, ethics, culture, history and politics, built and natural environments, as well as institutions.The text focuses on three spheres of economic activity: the "business sphere" involving commercial firms; the "public purpose sphere" focusing on government, non-profit, and non-governmental organizations (including international agencies); and the "core sphere" of households and communities.Goodwin, Neva is the author of 'Microeconomics in Context', published 2004 under ISBN 9780618345991 and ISBN 061834599X.