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Full Description
The 2024 Release of Microeconomics by Dean Karlan and Jonathan Morduch is a transformative update to empower students in reshaping their world. It features a fresh print release, updated eBook/SmartBook, and enriched digital content in Connect® to allow students a seamless transition from page to screen. Karlan and Morduch's product is a champion for personal and public change, redefining economics as a tool not just for personal gain but for public and business policy betterment.
It challenges students to reach conclusions on how they will improve the world, cultivating a mindset that thinks like economists.
Microeconomics isn't just a textbook; it's an experience allowing students to learn how to use the power of economics to shape a world that's not just better but THEIRS. Erase boundaries between classroom and reality, with content grounded in updated empirical evidence, data, and research. Highlights include fresh insights from diverse voices to offer a broadened perspective, unique topics including game theory, behavioral econ, time/uncertainty, ADA-compliant figures redrawn to ensure accessibility for all learners and so much more.
Contents
THINKING LIKE AN ECONOMIST
PART 1: THE POWER OF ECONOMICS
1 Economics and Life
2 Specialization and Exchange
PART 2: SUPPLY AND DEMAND
3 Markets
4 Elasticity
5 Efficiency
6 Government Intervention
MICROECONOMICS THINKING LIKE A MICROECONOMIST
PART 3: INDIVIDUAL DECISIONS
7 Consumer Behavior
8 Behavioral Economics A Closer Look at Decision Making
9 Game Theory and Strategic Thinking
10 Information
11 Time and Uncertainty
PART 4: FIRM DECISIONS
12 The Costs of Production
13 Perfect Competition
14 Monopoly
15 Monopolistic Competition and Oligopoly
16 The Factors of Production
17 International Trade
PART 5: PUBLIC ECONOMICS
18 Externalities
19 Public Goods and Common Resources
20 Taxation and the Public Budget
21 Poverty, Inequality, and Discrimination
22 Political Choices
23 Public Policy and Choice Architecture