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List of contents
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
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. Oligopoly and Monopolistic Competition
IV. Extending the Microeconomic Toolbox
15. Trade-offs Involving Time and Risk
16. The Economics of Information
17. Auctions and Bargaining
18. Social Economics
Web Chapter 1. Financial Decision Making
Web Chapter 2. Economics of Life, Health, and the Environment
Web Chapter 3. Political Economy
Summary
For courses in Principles of Microeconomics
This package includes MyEconLab®.
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.
Personalize learning with MyEconLab
MyEconLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.
