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  • Edition: 1st
  • Format: Paperback
  • Copyright: 7/13/2014
  • Publisher: Pearson

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NOTE: You are purchasing a standalone product; MyEconLab does not come packaged with this content. If you would like to purchase both the physical text and MyEconLab, search for ISBN-10: 0133578038 / ISBN-13: 9780133578034. That package includes ISBN-10: 0321391578 / ISBN-13: 9780321391575 and ISBN-10: 0133498948 / ISBN-13: 9780133498943.

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For courses in Principles of Microeconomics

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.

Also available with MyEconLab®
This title is also available with MyEconLab — 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. Students, if interested in purchasing this title with MyEconLab, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.

Table of Contents

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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