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Microeconomics, 2nd edition

Published by Pearson (March 23, 2017) © 2018

  • Daron Acemoglu Massachusetts Institute of Technology
  • David Laibson Harvard University
  • John List University of Chicago
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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 2nd 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.

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

 

CHAPTERS ON THE WEB 

1. Financial Decision Making

2. Economics of Life, Health, and the Environment

3. Political Economy

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