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Microeconomics, 3rd edition

Published by Pearson (June 25, 2021) © 2022

  • Daron Acemoglu Massachusetts Institute of Technology
  • David Laibson Harvard University
  • John A. List
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Buy nowOpens in a new tab

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.
$59.94
monthly payments or
pay undefined one-time
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.
$59.94
monthly payments or
pay undefined one-time
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

Microeconomics presents real economic questions and data to help you learn about the world around you. The text uses 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.

In the 3rd Edition, each chapter begins with an empirical, relevant question that is later answered using data in the Evidence-Based Economics feature. As a result of the text's practical emphasis, you'll learn to apply economic principles to guide the decisions you make in your own daily life.

Table of contents

PART 1: 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 2: 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 3: MARKET STRUCTURE

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

PART 4: EXTENDING THE MICROECONOMIC TOOLBOX

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

Author bios

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