Last edition Elsevier Acemoglu, Laibson, List: An evidence-based approach to economics Throughout Microeconomics, 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 will learn to apply economic principles to guide the decisions they make in their own lives.
Last copy - This title is out of print
ISBN 13: 9781292079578
Imprint: Pearson Education Limited
Language: English
Authors: Daron Acemoglu
Pub Date: 05/2015
Pages: 484
Illus: Illustrated
Weight: 1,010.00 grams
Size: 216 x 278 mm
Product Type: Softcover
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- • 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 that 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.
- Kamer Daron Acemoglu.(Turkish; born September 3, 1967) is a Turkish-born American economist who has taught at the Massachusetts Institute of Technology (MIT) since 1993. He is currently the Elizabeth and James Killian Professor of Economics at MIT. He was named Institute Professor in 2019.
- I. Introduction to Economics
- 1. The Principles and Practice of Economics 2. Economic Methods and Economic Questions 3. Optimization: Choosing the Best Economic Outcome 4. Demand, Supply, and Equilibrium
- 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
- III. Market Structure
- 12. Monopoly 13. Game Theory and Strategic Play 14. Monopolistic Competition and Oligopoly
- IV. Extending the Microeconomic Toolbox
- 15. Tradeoffs Involving Time and Risk 16. Auctions and Bargaining 17. The Economics of Information 18. Social Economics
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