This book is designed for a course in Intermediate Microeconomics and is based on the notion of JEJT (just enough and just in time). The book focuses on core concepts (just enough), which are developed and then immediately used (just in time) in applications and review exercises. The book is shorter than the traditional encyclopedic microeconomics text, but every word counts.
This book is designed for interactive learning, and has several interactive features that engage the reader and promote learning.
1. Sequential graphs. The book has sequential versions of many graphs, allowing the reader to control the unfolding of economic concepts.
2. Roll-your-own graphs. The reader chooses the values of key parameters and observes the implications for a familiar graphical tool.
3. Find the equilibrium. The reader uses information about market conditions to find the equilibrium price or quantity. The widget provides feedback to guide the search for the equilibrium.
4. Make the decision. The reader plays the role of a decision maker such as a consumer, firm, or policy maker. Armed with key information about the economic environment, player makes a choice and observes the consequences.
5. Show the Math pop-overs. The book is written to tap the mathematical skills of students to the level of high-school algebra. The text focuses on the economic concepts, and places mathematical material--both algebra and calculus--in skippable pop-overs.
6. Review the Graphs and Concepts. At the end of each chapter section, interactive exercises test the reader’s mastery of the material. Review the Graphs are drag-and-drop exercises that test the mastery of graphical tools. Review the Concepts are interactive fill-the-blank exercises that test mastery of key conclusions.
7. Apply the Concepts. At the end of each chapter section, graphical and numerical exercises apply economic concepts to real-world problems.