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Synopsis Modern microeconomics continues to be the most popular and widely used text in the economics classroom. This edition also features an expanded instructor's resource package designed to assist instructors in course planning and classroom presentation and full integration of contents. This completely updated edition micro economics for those who want to understand how the economy works but have no interest in jargon or equations. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the book for anyone who wishes to understand how the economy functions. This book is designed to help the student read and understand economics today by helping the student understand what topics are most important.