Skip to content

Read more about Principles of Microeconomics

Principles of Microeconomics

(7 reviews)

Doug Curtis

Ian Irvine

Copyright Year: 2017

Last Update: 2020

Publisher: Lyryx

Language: English

Formats Available

Conditions of Use

Attribution-NonCommercial-ShareAlike Attribution-NonCommercial-ShareAlike


Learn more about reviews.

Reviewed by Deniz Gevrek, Professor of Economics, Texas A&M University-Corpus Christi on 12/18/22

My review is based on the Version 2021 – Revision A. The 2021 revision is invaluable as it includes the coverage of Covid-19, and other global, US-related, and Canadian issues from various micro-economic contexts and perspectives. I liked the... read more

Reviewed by John Cadigan, Professor of Economics, Gettysburg College on 10/5/22

The text covers most areas from first semester principles books. I would have liked to see a bit more diversity of topics at the end—maybe environmental or a chapter on health care or education policy—but I think it is good for the basics. I do... read more

Reviewed by Subhadra Ganguli, Instructor, Bloomsburg University of Pennsylvania on 1/22/22

The book is comprehensive and covers all essential definitions, explanations, graphs as needed. However more examples will be good. There are very recent examples in the text e.g. Covid -19 elated and that is very useful read more

Reviewed by Eric Dodge, Professor of Economics, Hanover College on 1/13/21

The text comprehensively covers the standard material in a first course in microeconomics. In addition, Chapter 2 is an excellent addition to the standard textbook by introducing students to data, relationships between variables, and even... read more

Reviewed by Daniel Lee, Assistant Professor of Economics and Leadership, James Madison University on 11/23/20

The textbook covers all the topics of principles of micro across a wide berth of pedagogies read more

Reviewed by Huong Nguyen, Assistant Professor, LSUE on 4/1/20

The text covers most of all areas and ideas of the subject appropriately and provide an effective index and/or glossary. It would be better if the authors can include some important Microeconomics concepts such as scarcity which will lead any... read more

Reviewed by Melissa Hendrickson, Lecturer, North Carolina State University on 6/20/17

The stated purpose of this text is to cover materials in a first introductory economics course. The text covers the typical content areas for an introductory microeconomics course. However, it appears to be designed for economics majors and not... read more

Table of Contents

Part One: The Building Blocks

  • 1 Introduction to key ideas
  • 2 Theories, data and beliefs
  • 3 The classical marketplace - demand and supply

Part Two: Responsiveness and the Value of Markets

  • 4 Measures of response: Elasticities
  • 5 Welfare economics and externalities

Part Three: Decision Making by Consumer and Producers

  • 6 Individual choice
  • 7 Firms, investors and capital markets
  • 8 Production and cost

Part Four: Market Structures

  • 9 Perfect competition
  • 10 Monopoly
  • 11 Imperfect competition

Part Five: The Factors of Production

  • 12 Labour and capital
  • 13 Human capital and the income distribution

Part Six: Government and Trade

  • 14 Government
  • 15 International trade

Ancillary Material

  • Lyryx
  • About the Book

    Principles of Microeconomics is an adaptation of the textbook, Microeconomics: Markets, Methods, and Models by D. Curtis and I. Irvine, which provides concise yet complete coverage of introductory microeconomic theory, application and policy in a Canadian and global environment.

    This adaptation employs methods that use equations sparingly and do not utilize calculus. The key issues in most chapters are analyzed by introducing a numerical example or case study at the outset. Students are introduced immediately to the practice of taking a data set, examining it numerically, plotting it, and again analyzing the material in that form.

    The end-of-chapter problems involve numerical and graphical analysis, and a small number of problems in each chapter involve solving simple linear equations (intersecting straight lines). However, a sufficient number of questions is provided for the student to test understanding of the material without working through that subset of questions.

    This textbook is intended for a one-semester course, and can be used in a two-semester sequence with the companion textbook, Principles of Macroeconomics. The three introductory chapters are common to both textbooks.

    About the Contributors


    Doug Curtis is a specialist in macroeconomics. He is the author of numerous research papers on fiscal policy, monetary policy, and economic growth and structural change. He has also prepared research reports for Canadian industry and government agencies and authored numerous working papers. He completed his PhD at McGill University, and has held visiting appointments at the University of Cambridge and the University of York in the United Kingdom. His current research interests are monetary and fiscal policy rules, and the relationship between economic growth and structural change. He is Professor Emeritus of Economics at Trent University in Peterborough, Ontario, and also held an appointment as Sessional Adjunct Professor in the Department of Economics at Queen’s University in Kingston, Ontario from 2003 until 2013.

    Ian Irvine is a specialist in microeconomics, public economics, economic inequality and health economics. He is the author of numerous research papers in these fields. He completed his PhD at the University of Western Ontario, has been a visitor at the London School of Economics, the University of Sydney, the University of Colorado, University College Dublin and the Economic and Social Research Institute. His current research interests are in tobacco use and taxation, and Canada’s Employment Insurance and Welfare systems. He has done numerous studies for the Government of Canada, and is currently a Professor of Economics at Concordia University in Montreal.

    Contribute to this Page

    Suggest an edit to this book record