Microeconomics in Context

Microeconomics in Context lays out the principles of microeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Macroeconomics in Context, the book is uniquely attuned to economic, social, and environmental realities. The &quote;In Context&quote; books offer an engaging coverage of current research and policy issues from economic inequality and climate change, to taxes and globalization. Key features include: Up-to-date discussions of the impacts of the COVID-19 pandemic on inequality, labor markets, and beyondAnalysis of recent trade issues and the implications of Brexit Presentation of policy issues in historical, environmental, institutional, social, political, and ethical contexts-an approach that fosters critical evaluation of the standard microeconomic models Clear explanations of basic concepts and analytical tools, with advanced models presented in optional chapter appendices A powerful graphical presentation of various measures of well-being in the United States and other countries, including income inequality, tax systems, educational attainment, and environmental quality A focus on human well-being from a multidimensional perspective, including traditional economic metrics and factors such as health, equity, and political inclusionA full complement of student and instructor support materials online.The book combines real-world relevance with a thorough grounding in multiple economic paradigms. It is the ideal textbook for modern introductory courses in microeconomics. The book''s companion website is available at: www.bu.edu/eci/micro