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Full Description
This print textbook is available for students to rent for their classes. The Pearson print rental program provides students with affordable access to learning materials, so they come to class ready to succeed.
For courses in the principles of microeconomics.
An evidence-based approach to economics
Throughout Microeconomics, 3rd Edition, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help you learn about the world around you. Taking a fresh approach, they use the themes of optimization, equilibrium, and empiricism to not only illustrate the power of simple economic ideas, but also to explain and predict what's happening in today's society. Each chapter begins with an empirical question that is relevant to the life of the reader, and is later answered using data in the Evidence-Based Economics feature. As a result of the text's practical emphasis, you learn to apply economic principles to guide the decisions you make in your own daily life.
Contents
PART I: INTRODUCTION TO ECONOMICS
1. The Principles and Practice of Economics
2. Economic Science: Using Data and Models to Understand the World
3. Optimization: Trying to Do the Best You Can
4. Demand, Supply, and Equilibrium
PART II: FOUNDATIONS OF MICROECONOMICS
5. Consumers and Incentives
6. Sellers and Incentives
7. Perfect Competition and the Invisible Hand
8. Trade
9. Externalities and Public Goods
10. The Government in the Economy: Taxation and Regulation
11. Markets for Factors of Production
PART III: MARKET STRUCTURE
12. Monopoly
13. Game Theory and Strategic Play
14. Oligopoly and Monopolistic Competition
PART IV: EXTENDING THE MICROECONOMIC TOOLBOX
15. Trade-offs Involving Time and Risk
16. The Economics of Information
17. Auctions and Bargaining
18. Social Economics
