The fourth edition of Microeconomics case studies and applications is a substantial reworking of the third edition. First, it contains new case studies on topics chosen to illustrate a key concept: Uber’s surge pricing model as an application of the demand/supply model (2.4), and analysis of a proposal to pay a subsidy to childcare workers in Australia to explain how subsidies work (2.10). Second, all the case studies have been reviewed and most have been updated with new examples. Third, I have taken the opportunity to introduce many new application-oriented questions into the Some questions to think about’ sections. Fourth, 10 case studies from the third edition have been removed. This has been done to allow the purchase price of the book to hopefully remain affordable for students. The 10 case studies can be accessed online at cengage.com.au/instructors
Cengage is pleased to provide you with a selection of resources that will help you prepare your lectures and assessments. These teaching tools are accessible via cengage.com.au/instructors for Australia or cengage.co.nz/instructors for New Zealand.
These include:
