Microeconomics in Context

Microeconomics in Context, Fourth Edition
by Neva Goodwin, Jonathan Harris, Julie Nelson, Pratistha Joshi Rajkarnikar, Brian Roach, & Mariano Torras

This text lays out the principles of microeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Macroeconomics in Context, the book is uniquely attuned to economic, social, and environmental realities. The “in Context” books offer affordability, accessible presentation, and engaging coverage of current policy issues from economic inequality and global climate change to taxes and globalization. The Fourth Edition is now available.

Order via Routledge.

Paperback: $68.95   Hardback: $175.00   eBook: $34.48

Cover for Microeconomics in Context, Fourth Edition

For a free exam copy, please contact Routledge.

To access instructor only teaching materials, including test banks, contact us. Please indicate what course you teach and provide proof of your instructor status (e.g. a link to your bio).

You may also utilize Canvas, a learning management system, for automatic grading online; for more information about Canvas, read our user’s guide and contact us to request access to our demonstration sites. Please specify if you are teaching the Third or Fourth Edition, and indicate where and what course you teach.

Student Supplements
Access student study guide and PowerPoint Slides for the Fourth Edition and Third Edition

Preview the Fourth Edition
Preview the Table of Contents and sample chapters:


New Material in Fourth Edition
The new Fourth Edition includes new material on economic inequality, environmental policies, behavioral economics, taxes, and labor issues. Key features include:

    • Clear explanations of basic concepts and analytical tools, with advanced models presented in optional chapter appendices;
    • Presentation of policy issues in historical, environmental, institutional, social, political, and ethical contexts—an approach that fosters critical evaluation of the standard microeconomic models, such as welfare analysis, labor markets, and market competition;
    • A powerful graphical presentation of various measures of well-being in the United States and other countries, including income inequality, taxes, educational attainment, and environmental quality;
    • Broad definitions of well-being using both traditional economic metrics and factors such as environmental quality, health, equity, and political inclusion;
    • Significantly revised chapters on globalization and trade, economic and social inequality, labor markets, and public goods;
    • Expanded coverage of high-interest topics such as behavioral economics, labor markets, and economic discrimination;
    • A full complement of instructor and student support materials online.


This new edition also features more international data and analysis, and further material on the importance of economic power in shaping policy. The latest addition to the “in Context” series combines real-world relevance with a thorough grounding in multiple economic paradigms.


Praise for Microeconomics in Context

“In my endorsement of the previous edition of Microeconomics in Context, I called it ’hands down
the best’. This new edition is even better. Not only is it still very accessible to students, but it is even
more highly relevant. The authors present the economy as fully embedded in its wider context – social,
political, historical, and environmental – and then bring in a rich understanding of economic theory
to help us not only to understand the world, but also to change it.”
– Professor Judith Robinson, Castleton State College

“This textbook shifts our thinking and teaching about microeconomics! The integration of cutting-edge economic insights and applications to underexplored issues of unpaid labor, inequality, climate change, and globalization makes the book relevant and engaging. With this contextual approach and the tools offered, we are better equipped to promote improvements in societal well-being.”
– Professor Fiona MacPhail, University of Northern British Columbia


Microeconomics in Context, Third Edition
by Neva Goodwin, Jonathan Harris, Julie Nelson, Brian Roach, & Mariano Torras

Cover for Microeconomics in Context, Third EditionThird Edition Materials

See Table of Contents

Preview the first 24 pages

Sample chapters from the Third Edition:

Changes to the Third Edition
The Third Edition is is thoroughly updated and corrected, printed in black-and-white in order to make it economically-priced. A one-page summary of changes that describes the nature of the most substantive updates and corrections is available.


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