The Fifth Edition of "Microeconomics strengthens the connection between basic economic principles and students' lives by balancing an accessible, lively writing style with a unique pedagogical framework. "Microeconomics, Fifth Edition, has been streamlined to make teaching easier--while incorporating the latest economic statistics and continued coverage of global issues. Focusing on international topics, Boyes and Melvin address comparative advantage and gains from trade in Chapter 2 before turning to a detailed exploration of demand and supply, as well as product and resource markets."New! Chapter 13, "The New Economy, examines the economic changes that have occurred as a result of technological innovations in information processing and communication."New!Chapter 16, "The Labor Market, consolidates the discussion of labor and wage differentials previously found in two chapters."New!"Internet Exercises at the end of each chapter and additional web-based assignments located on the textbook site provide meaningful, real-world practice."New!"Economic Insight boxes--and almost 75% of the "Economically Speaking boxes--have been updated t