Economics

2nd edition

Daron Acemoglu, David Laibson & John List

| c 2019

ISBN	9781292214504
Published	20 Jul 2018
Pages	824

<img alt="Economics, 2nd Global Edition. Daron Acemoglu, David Laibson & John List">

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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 optimization, 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.

For courses in Principles of Economics.

Features

Teach economics through three unified themes

Three key principles--optimization, equilibrium, and empiricism--lie at the heart of the authors’ approach. Chapters 1 to 4 introduce these key themes, and lay the groundwork for understanding the economic way of thinking about the world.
1. Optimization.
2. Equilibrium.
3. Empiricism.
Showcase empirical questions with engaging features
Evidence-Based Economics (EBE) features show how economists use data to answer the question posed in the opening paragraph of each chapter. EBEs use actual data from field experiments, lab experiments, naturally occurring data, or government data, while highlighting major concepts in the chapter. These features let students get a real look at economics as it plays out in the world around them. Examples include:

• Letting the Data Speak features reinforce the theme of evidence behind the theory. These short, targeted explorations analyze an economic question by using real data as the foundation of the discussion.

• Choice and Consequence features emphasize optimization—one of the key themes in the book—by focusing on making the best decision. These features ask students to make an economic decision, or evaluate the consequences of past real decisions. The authors then explain how an economist might analyze the same decision.
Show the importance of microeconomic concepts in everyday life
Practical coverage of microeconomics helps students see how they can apply course content in their own decision-making.

• An integrated approach to consumption and production. Chapters 5 and 6 show students that consumption and production are really two sides of the same coin, glued together by the idea of incentives. Upon grasping the commonalities and linkages between the processes of consumer and producer decisions, the student is able to view the whole picture and better understand how these concepts tie together.

• In-depth coverage of game theory yields powerful insights. Chapter 13 is devoted entirely to game theory, which is a source of some very powerful economic insights. This chapter emphasizes that it helps us better understand the world when we place ourselves in the shoes of someone else. In so doing, each student may develop a deeper understanding of how to choose a strategy that is a best response to the strategies of others. In this chapter, game theory is applied to many situations, including pollution, soccer, and advertising, to name a few.

Teach economics through three unified themes

Three key principles--optimization, equilibrium, and empiricism--lie at the heart of the authors’ approach. Chapters 1 to 4 introduce these key themes, and lay the groundwork for understanding the economic way of thinking about the world.

1. Optimization.
2. Equilibrium.
3. Empiricism.

Showcase empirical questions with engaging features

Evidence-Based Economics (EBE) features show how economists use data to answer the question posed in the opening paragraph of each chapter. EBEs use actual data from field experiments, lab experiments, naturally occurring data, or government data, while highlighting major concepts in the chapter. These features let students get a real look at economics as it plays out in the world around them. Examples include:

• Letting the Data Speak features reinforce the theme of evidence behind the theory. These short, targeted explorations analyze an economic question by using real data as the foundation of the discussion.

• Choice and Consequence features emphasize optimization—one of the key themes in the book—by focusing on making the best decision. These features ask students to make an economic decision, or evaluate the consequences of past real decisions. The authors then explain how an economist might analyze the same decision.
Show the importance of microeconomic concepts in everyday life
Practical coverage of microeconomics helps students see how they can apply course content in their own decision-making.

• An integrated approach to consumption and production. Chapters 5 and 6 show students that consumption and production are really two sides of the same coin, glued together by the idea of incentives. Upon grasping the commonalities and linkages between the processes of consumer and producer decisions, the student is able to view the whole picture and better understand how these concepts tie together.

• In-depth coverage of game theory yields powerful insights. Chapter 13 is devoted entirely to game theory, which is a source of some very powerful economic insights. This chapter emphasizes that it helps us better understand the world when we place ourselves in the shoes of someone else. In so doing, each student may develop a deeper understanding of how to choose a strategy that is a best response to the strategies of others. In this chapter, game theory is applied to many situations, including pollution, soccer, and advertising, to name a few.

Digital

This title can be supported by MyLab Economics, an online homework and tutorial system, designed to test and build your students understanding. If you'd like to arrange a demonstration of MyLab Economics, let us know by contacting us at docent@pearson.com and we can get a Pearson representative to contact you. Visit Pearson MyLab & Mastering to find out how it can improve results by engaging students effectively with immersive content, tools, and experiences.

Economics plus Pearson MyLab Economics with Pearson eText, Global Edition, 2/E

Acemoglu, Laibson & List

ISBN-13: 9781292214566

Estimated Availability: 13 Aug 2018 • Not yet published

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Economics

2nd edition

If you're an educator

If you're a student

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Features

Contents

Digital

Economics plus Pearson MyLab Economics with Pearson eText, Global Edition, 2/E

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Resources

Instructor's Resource Manual for Macroeconomics, Global Edition

Instructor's Resource Manual for Microeconomics, Global Edition

Instructor's Solutions Manual for Macroeconomics, Global Edition

Instructor's Solutions Manual for Microeconomics, Global Edition

PowerPoint Slides for Macroeconomics, Global Edition

PowerPoint Slides for Microeconomics, Global Edition

Test Bank 1 for Microeconomics, Global Edition

Test Bank for Macroeconomics GE_o2

TestGen for Macroeconomics, Global Edition

TestGen for Microeconomics, Global Edition

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