Microeconomics
Microeconomics Research Papers explore a guide to understanding the economic process, and core issues and policies of economics.
Michael Parkin’s Microeconomics offers an insightful and comprehensive guide to understanding the economic process. The book includes sections that cover the core issues and policies of economics, including an introduction, how markets work, household choices, firms and markets, resource markets, market failures and government, and the global economy. In addition, Parkin offers four distinct alternative approaches to the book using “Micro Sequences” that emphasize particular aspects of microeconomics. These sequences include a traditional theory and policy mix, challenging theory, public choice and policy emphasis. In this respect, Parkin offers students an opportunity to select the particular emphasis that is most beneficial to their career goals. This report will examine the major points presented in the book as well as compare opinions expressed by other economic sources. In addition, these issues will be considered in light of their practical application to personal career goals and functions within an organization. Finally, this report will offer a personal reaction to the book, including those areas that may provide the greatest career benefits. This examination will demonstrate that Parkin offers a beneficial introduction to microeconomics that enhances the practical understanding of economics and presents ideas for improving the economic process. At the same time, Parkin’s characterizations of economic activity sometimes unsuccessfully attempt to simplify complex economic relationships.
Michael Parkin is a well-respected economist who received his training in England and was a professor in the Department of Economics at the University of Western Ontario in Canada at the time of the book’s 2000 publication. This report will examine the fifth edition of Microeconomics, which retains the coverage from previous editions as well as revised and updated micro content, in-text review quizzes, and parallel end-of-chapter problems. The fifth edition also includes chapter conclusions that relate the information of each chapter to the larger view of economics and offer biographical sketches and interviews with leading economists.Â
Part one provides background information, discusses the making and use of graphs, and reviews several specific economic problems. Chapter one defines economics, introduces the major concepts of economics, and explains what economists do. Parkin begins by asserting that all economic questions and problems arise from scarcity, which force people to make choices among available alternatives. He defines economics as “the science of choice â the science that explains the choices we make and how those choices change as we cope with scarcity” . Furthermore, Parkin contends that all economic choices can be reduced to considerations regarding what goods and services are produced, how they are produced, when they are produced, where they are produced, and who actually consumes the goods and services that are produced. This simplified outline provide students with a means of understanding the scope of economics, but to understand the way it works Parkin refers to “eight big ideas” that define economic perspectives. These ideas include choice, tradeoff and opportunity cost; margins and incentives; voluntary exchange and efficient markets; market failure; expenditures, income and the value of production; living standards and productivity growth; inflation; and unemployment.
Our Service Charter
-
Excellent Quality / 100% Plagiarism-Free
We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers. -
Free Revisions
We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed. -
Confidentiality / 100% No Disclosure
We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service. -
Money Back Guarantee
If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit. -
24/7 Customer Support
We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.