Microeconomics
Microeconomics by Campbell R. McConnell is the 23rd edition of a widely recognized economics textbook published by McGraw Hill LLC in 2023. This edition features comprehensive revisions and insightful new content aimed at enhancing the learning experience for both faculty and students. With 672 pages, this book addresses the complexities of microeconomics, focusing on market failures, government failures, and public choice theory, providing a clear understanding of why optimal social outcomes are sometimes not achieved.
Readers will find significant updates that respond to the evolving educational needs in economics, particularly in light of recent financial crises. The text emphasizes key concepts such as externalities, public goods provision, and voting paradoxes, structured to facilitate quick comprehension. This edition also includes improvements to the online learning system and ancillary materials, making it a valuable resource for those studying business and economics.
Official synopsis Publisher
“Welcome to the 23rd edition of Economics, America’s most innovative-and popular-economics textbook. We are pleased to present faculty and students with comprehensive revisions, insightful new content, and significant improvements to both our online learning system and our industry-leading ancillary materials. Significant Content Updates The financial crisis and the subsequent slow recovery increased both student and faculty demand for principles-level content geared toward explaining directly and intuitively why markets and governments fail-sometimes spectacularly-in delivering optimal social outcomes. To satisfy that demand, our presentation of market failures, government failure, and public choice theory has been significantly restructured in Chapters 4 and 5 to allow students to quickly absorb the key lessons regarding externalities, public goods provision, voting paradoxes, the special interest effect, and other problems that hinder either markets or governments from achieving optimal social outcomes”–
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