Microeconomics: Private and Public Choice, 18th Edition eBook

Learn to apply economic concepts to the world around you as Gwartney/Stroup/Sobel/Macpherson’s “Microeconomics: Private and Public Choice,”” highlights current topics such as student loans, the rise of AI and platform business models, international trade, the stock market and the environment. Reader-friendly coverage analyzes common economic myths with economic insights that clarify current issues and controversies. Examine the importance of entrepreneurship and the process of creative destruction — new goods, services and technology, such as AI, constantly displacing existing jobs and businesses, while emphasizing how public choice provides a unique economic perspective on the political process and why government actions sometimes fail to deliver desired outcomes. Learn how changing economic conditions and policies affect your job market opportunities. Study the importance of international trade as a source of economic growth and higher living standards. Most importantly, you learn how to use economics to make better decisions in your career, investments and handling of risk in your personal life.