Principles of Microeconomics 11th Edition by Case, Fair and Oster

Principles of Microeconomics 11th Edition by Karl E. Case, Ray C Fair and Sharon C Oster describes the basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. Readers begin to learn the art and science of economic thinking and begin to look at some policy and even personal decisions in a different way.

With this book, you and your students have three carefully integrated, and easy to use, sources for gathering and integrating the news into lecture of homework. The authors have taken real news articles from The Wall Street Journal, The New York Times, The Economist, and others, and have strategically integrated them into their text, in a feature called News Analysis. The authors have also added homework problems for News Analysis articles at the end of the chapter.

This book realizes the problem facing instructors is how to convey the core principles of the discipline to as many students as possible without selling the better students short. The approach to this challenge is the three tier approach — Stories-Graphs-Equations. Each concept is presented in the context of a simple intuitive story often followed by a table or graph. And, in many cases, an equation is then used to present the concept with a mathematical formula.

Authors try to bring economic thinking to the concerns of the typical student. In many cases, we do this by spotlighting recent research, much of it by young scholars. Chapter 3 looks at the demand response of students to textbook price rises, a topic of real concern to students. Chapter 4 looks at why there may be more "foodies" in New York City than in many other parts of the country using recent research on urban amenities.

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