Economics, Global Edition, 3rd edition

Published by Pearson (July 29, 2024) © 2024

  • Daron Acemoglu Massachusetts Institute of Technology
  • David Laibson Harvard University
  • John A. List

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£29.99
Instant access

In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.

Title overview

Throughout Economics, 3rd Edition, 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, they use the themes of optimization, equilibrium, and empiricism to not only illustrate the power of simple economic ideas, but also to explain and predict what’s happening in today’s society. As a result of the text’s practical emphasis, students learn to apply economic principles to guide the decisions they make in their own daily lives.

Table of contents

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

  1. Consumers and Incentives
  2. Sellers and Incentives
  3. Perfect Competition and the Invisible Hand
  4. Trade
  5. Externalities and Public Goods
  6. The Government in the Economy: Taxation and Regulation
  7. Markets for Factors of Production

PART III: MARKET STRUCTURE

  1. Monopoly
  2. Game Theory and Strategic Play
  3. Oligopoly and Monopolistic Competition

PART IV: EXTENDING THE MICROECONOMIC TOOLBOX

  1. Trade-offs Involving Time and Risk
  2. The Economics of Information
  3. Auctions and Bargaining
  4. Social Economics

PART V INTRODUCTION TO MACROECONOMICS

  1. The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
  2. Aggregate Incomes

PART VI LONG-RUN GROWTH AND DEVELOPMENT

  1. Economic Growth
  2. Why Isn't the Whole World Developed?

PART VII EQUILIBRIUM IN THE MACROECONOMY

  1. Employment and Unemployment
  2. Credit Markets
  3. The Monetary System

PART VIII SHORT-RUN FLUCTUATIONS AND MACROECONOMIC POLICY

  1. Short-Run Fluctuations
  2. Countercyclical Macroeconomic Policy

PART IX MACROECONOMIC IN A GLOBAL ECONOMY

  1. Macroeconomics and International Trade
  2. Open Economy Macroeconomics

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