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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.
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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