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Principles of Microeconomics: Scarcity and Social Provisioning

Principles of Economics covers scope and sequence requirements for a two-semester introductory economics course. The authors take a balanced approach to micro- and macroeconomics, to both Keynesian and classical views, and to the theory and application of economics concepts. The text also includes many current examples, which are handled in a politically equitable way.

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Principles of Microeconomics: Scarcity and Social Provisioning takes a pluralistic approach to the standard topics of an introductory microeconomics course.  The text builds on the chiefly neoclassical material of the OpenStax Principles of Economics text, adding extensive content from heterodox economic thought.  Emphasizing the importance of pluralism and critical thinking, the text presents the method and theory of neoclassical economics alongside critiques thereof and heterodox alternatives in both method and theory.  This approach is taken from the outset of the text, where contrasting definitions of economics are discussed in the context of the various ways in which neoclassical and heterodox economists study the subject.  The same approach–of theory and method, critique, and alternative theory theory and method–is taken in the study of consumption, production, and market exchange, as well as in the applied theory chapters.  Historical and contemporary examples are given throughout, and both theory and application are presented with a balanced approach.

This textbook will be of interest especially to instructors and students who wish to go beyond the traditional approach to the fundamentals of microeconomic theory, and explore the wider spectrum of economic thought.

Instructors may contact Open Oregon Educational Resources for quiz question test banks associated with each chapter.

This work is licensed under the Creative Commons Attribution 4.0 International License.  To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/.

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Principles of Microeconomics: Scarcity and Social Provisioning by Rice University is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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Principles of Microeconomics: Scarcity and Social Provisioning
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Principles of Microeconomics: Scarcity and Social Provisioning by Rice University is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

© May 18, 2016 OpenStax Economics. Textbook content produced by OpenStax Economics is licensed under a Creative Commons Attribution License 4.0 license.

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The OpenStax College name, OpenStax College logo, OpenStax College book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the creative commons license and may not be reproduced without the prior and express written consent of Rice University. For questions regarding this license, please contact partners@openstaxcollege.org.

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