Economics, Global Edition, 2nd edition

Published by Pearson (September 24, 2019) © 2020

  • Daron Acemoglu Massachusetts Institute of Technology
  • David Laibson Harvard University
  • John List University of Chicago
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Acemoglu, Laibson, List: An evidence-based approach to economics

Throughout Economics, 2nd Edition, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help students learn about the world around them.

Taking a fresh approach, the authors use the themes of optimisation, equilibrium, and empiricism to illustrate the power of simple economic ideas, and their ability to explain, predict, and improve what happens in the world. Each chapter begins with an empirical question that 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 lives.

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  • PART I: INTRODUCTION TO ECONOMICS
  • 1. The Principles and Practice of Economics
  • 2. Economic Methods and Economic Questions
  • 3. Optimization: Doing 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: MACROECONOMICS IN A GLOBAL ECONOMY
  • 28. Macroeconomics and International Trade
  • 29. Open Economy Macroeconomics

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