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Economics, Global Edition, 3rd edition

Published by Pearson (July 29, 2024) © 2024

  • Daron Acemoglu Massachusetts Institute of Technology
  • David Laibson Harvard University
  • John List University of Chicago
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Forcourses in the principles of economics.

An evidence-based approach to economics
Throughout Economics, 3rd Edition, authors DaronAcemoglu, David Laibson, and John List use real economic questions anddata to help you learn about the world around you. Taking a freshapproach, they use the themes of optimization, equilibrium, and empiricism tonot only illustrate the power of simple economic ideas, but also to explain andpredict what’s happening in today’s society. Each chapter begins with anempirical question that is relevant to the life of the reader, and islater answered using data in the Evidence-Based Economics feature. As a resultof the text’s practical emphasis, you learn to apply economicprinciples to guide the decisions you make in your own dailylife.

PART I: INTRODUCTION TO ECONOMICS
1. The Principles and Practice of Economics
2. Economic Science: Using Data and Models to Understand the World
3. Optimization: Trying to Do the Best You Can
4. Demand, Supply, and Equilibrium 

PART 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 

PART III: MARKET STRUCTURE
12. Monopoly
13. Game Theory and Strategic Play
14. Oligopoly and Monopolistic Competition 

PART IV: EXTENDING THE MICROECONOMIC TOOLBOX
15. Trade-offs Involving Time and Risk
16. The Economics of Information
17. Auctions and Bargaining
18. Social Economics 

PART V INTRODUCTION TO MACROECONOMICS
19. The Wealth of Nations: Defining and Measuring MacroeconomicAggregates
20. Aggregate Incomes 

PART VI LONG-RUN GROWTH AND DEVELOPMENT
21. Economic Growth
22. Why Isn't the Whole World Developed?

PART VII EQUILIBRIUM IN THE MACROECONOMY
23. Employment and Unemployment
24. Credit Markets
25. The Monetary System

PART VIII SHORT-RUN FLUCTUATIONS AND MACROECONOMIC POLICY
26. Short-Run Fluctuations
27. Countercyclical Macroeconomic Policy

PART IX MACROECONOMIC IN A GLOBAL ECONOMY
28. Macroeconomics and International Trade
29. Open Economy Macroeconomics

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