Economics, Global Edition, 3rd edition

Published by Pearson (November 26, 2021) © 2022

  • Daron Acemoglu Massachusetts Institute of Technology
  • David Laibson Harvard University
  • John List University of Chicago
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For courses in the principles of economics

Throughout Economics, 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 optimisation, 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.

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  • 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
  • PART V INTRODUCTION TO MACROECONOMICS
  • 19. The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
  • 20. Aggregate Incomes
  • PART VI LONG-RUN GROWTH AND DEVELOPMENT
  • 21. Economic Growth
  • 22. Why Isn't the Whole World Developed?
  • PART VII EQUILIBRIUM IN THE MACROECONOMY
  • 23. Employment and Unemployment
  • 24. Credit Markets
  • 25. The Monetary System
  • PART VIII SHORT-RUN FLUCTUATIONS AND MACROECONOMIC POLICY
  • 26. Short-Run Fluctuations
  • 27. Countercyclical Macroeconomic Policy
  • PART IX MACROECONOMIC IN A GLOBAL ECONOMY
  • 28. Macroeconomics and International Trade
  • 29. Open Economy Macroeconomics

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