<p>For principles of microeconomics courses.</p><h3>An evidence-based approach to economics</h3><p><cite><strong>Microeconomics</strong></cite> presents real economic questions and data to help students learn about the world around them. The text uses themes of optimization, equilibrium, and empiricism to illustrate the power of simple economic ideas and explain and predict what's happening in today's society.</p><p>In the <strong>3rd Edition</strong>, each chapter begins with an empirical question that is relevant to the life of a student. This is later answered using data in the Evidence-Based Economics feature. As a result of the text's practical emphasis, students learn to apply economic principles to guide the decisions they make in their own daily lives.</p>

<div class="c-no-headers-number-list_container"> <h3>PART 1: INTRODUCTION TO ECONOMICS</h3> <ol> <li>The Principles and Practice of Economics</li> <li>Economic Science: Using Data and Models to Understand the World</li> <li>Optimization: Trying to Do the Best You Can</li> <li>Demand, Supply, and Equilibrium</li> </ol> <h3>PART 2: FOUNDATIONS OF MICROECONOMICS</h3> <ol start="5"> <li>Consumers and Incentives</li> <li>Sellers and Incentives</li> <li>Perfect Competition and the Invisible Hand</li> <li>Trade</li> <li>Externalities and Public Goods</li> <li>The Government in the Economy: Taxation and Regulation</li> <li>Markets for Factors of Production</li> </ol> <h3>PART 3: MARKET STRUCTURE</h3> <ol start="12"> <li>Monopoly</li> <li>Game Theory and Strategic Play</li> <li>Oligopoly and Monopolistic Competition</li> </ol> <h3>PART 4: EXTENDING THE MICROECONOMIC TOOLBOX</h3> <ol start="15"> <li>Trade-offs Involving Time and Risk</li> <li>The Economics of Information</li> <li>Auctions and Bargaining</li> <li>Social Economics</li> </ol> </div>

<p><cite><strong>Microeconomics</strong></cite> presents real economic questions and data to help you learn about the world around you. The text uses 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.</p><p>In the <strong>3rd Edition</strong>, each chapter begins with an empirical, relevant question that is later answered using data in the Evidence-Based Economics feature. As a result of the text's practical emphasis, you'll learn to apply economic principles to guide the decisions you make in your own daily life.</p>

Daron Acemoglu

David Laibson

John List

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PART 1: INTRODUCTION TO ECONOMICS

PART 2: FOUNDATIONS OF MICROECONOMICS

PART 3: MARKET STRUCTURE

PART 4: EXTENDING THE MICROECONOMIC TOOLBOX

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