Microeconomics, 3rd edition

Daron Acemoglu
, David Laibson
, John List

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Microeconomics 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.

In the 3rd Edition, 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.

ISBN-13: 9780137390625

Subject: Economics

Category: Principles of Microeconomics

PART 1: 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 2: 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 3: MARKET STRUCTURE

Monopoly
Game Theory and Strategic Play
Oligopoly and Monopolistic Competition

PART 4: EXTENDING THE MICROECONOMIC TOOLBOX

Trade-offs Involving Time and Risk
The Economics of Information
Auctions and Bargaining
Social Economics