Economics, Global Edition, 3rd edition

Published by Pearson (29 July 2024) © 2024

  • Daron Acemoglu Massachusetts Institute of Technology
  • David Laibson Harvard University
  • John A. List
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Products list
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Instant access
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$54.54 NZD
Instant access

Title overview

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.

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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