Microeconomics in Context lays out the principles of microeconomics in a manner that is thorough up to date & relevant to students Like its counterpart Macroeconomics in Context the book is uniquely attuned to economic realities The "in Context" books offer affordability accessible presentation & engaging coverage of current policy issues from economic inequality & global climate change to taxes Key features include --Clear explanation of basic concepts & analytical tools with advanced models presented in optional chapter appendices; --Presentation of policy issues in historical institutional social political & ethical context--an approach that fosters critical evaluation of the standard microeconomic models such as welfare analysis labor markets & market competition; --A powerful graphical presentation of various measures of well-being in the United States from income inequality & educational attainment to home prices; --Broad definition of well-being using both traditional economic metrics & factors such as environmental quality health equity & political inclusion; --New chapters on the economics of the environment taxes & tax policy common property & public goods & welfare analysis; --Expanded coverage of high-interest topics such as behavioral economics labor markets & healthcare; --Full complement of instructor & student support materials online including test banks & grading through Canvas