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Full Description
Forcourses in the principles of economics.
An evidence-based approach to economics
Throughout Economics, 3rd Edition, authors DaronAcemoglu, David Laibson, and John List use real economic questions anddata to help you learn about the world around you. Taking a freshapproach, they use the themes of optimization, equilibrium, and empiricism tonot only illustrate the power of simple economic ideas, but also to explain andpredict what's happening in today's society. Each chapter begins with anempirical question that is relevant to the life of the reader, and islater answered using data in the Evidence-Based Economics feature. As a resultof the text's practical emphasis, you learn to apply economicprinciples to guide the decisions you make in your own dailylife.
Contents
PART I: INTRODUCTION TO ECONOMICS
The Principles and Practice of Economics
Economic Science: Using Data and Models to Understand the World
Optimization: Trying to Do the Best You Can
Demand, Supply, and Equilibrium
PART II: FOUNDATIONS OF MICROECONOMICS
Consumers and Incentives
Sellers and Incentives
Perfect Competition and the Invisible Hand
Trade
Externalities and Public Goods
The Government in the Economy: Taxation and Regulation
Markets for Factors of Production
PART III: MARKET STRUCTURE
Monopoly
Game Theory and Strategic Play
Oligopoly and Monopolistic Competition
PART IV: EXTENDING THE MICROECONOMIC TOOLBOX
Trade-offs Involving Time and Risk
The Economics of Information
Auctions and Bargaining
Social Economics
PART V INTRODUCTION TO MACROECONOMICS
The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
Aggregate Incomes
PART VI LONG-RUN GROWTH AND DEVELOPMENT
Economic Growth
Why Isn't the Whole World Developed?
PART VII EQUILIBRIUM IN THE MACROECONOMY
Employment and Unemployment
Credit Markets
The Monetary System
PART VIII SHORT-RUN FLUCTUATIONS AND MACROECONOMIC POLICY
Short-Run Fluctuations
Countercyclical Macroeconomic Policy
PART IX MACROECONOMIC IN A GLOBAL ECONOMY
Macroeconomics and International Trade
Open Economy Macroeconomics