Principles of Microeconomics

This textbook offers a comprehensive overview of microeconomics, featuring teachable and applicable approaches to core concepts. It includes examples and applications to help students understand and apply the material to the real world. Throughout the book, there are practice problems with step-by-step solutions designed to help students better understand the topics covered. Readers will learn how to perform equilibrium analysis, how to evaluate the impact of microeconomic policies and how to analyze consumer choices and the decisions of firms. The author publishes digital worksheets with questions based on recent news stories that readers can use as they work through the book. The book, combined with these free materials, introduces new and fresh approaches to help students apply fundamental concepts to the world around them. The resulting book is a valuable learning tool that highlights microeconomic principles for a new generation of learners. Stefani Milovanska-Farrington is a professor at the University of Tampa where she teaches microeconomics courses. She is a director for the Academy of Economics and Finance (AEF), a CSWEP liaison for the University of Tampa, and a member of the AEF’s Teaching Fellows Committee. Her research appears in Journal of Economics Teaching, The Journal for Economic Educators, Economics and Human Biology, Journal of Family and Economic Issues, Education Economics, Journal of Economic Studies, and other scholarly journals. In 2022, she was named Researcher of the Year by the University of Tampa. In collaboration with the Foundation for Economic Education, Milovanska-Farrington publishes worksheets for students and professors called “Choice: Economics Materials for Success.” [BG1] These worksheets pair case studies from the current news cycle with questions designed to help readers better understand the way microeconomic principles can be used to understand real-world problems and address modern issues.