Microeconomics, Global Edition 3rd Edition by Daron Acemoglu Paperback Book

Description: Microeconomics, Global Edition by Daron Acemoglu Forcourses in the principles of microeconomics. Anevidence-based approach to economics Throughout Microeconomics , 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 whats happening in todays 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 texts practical emphasis, you learn to apply economicprinciples to guide the decisions you make in your own dailylife. FORMAT Paperback CONDITION Brand New Author Biography Daron Acemoglu is the Elizabeth and James KillianProfessor of Economics in the Department of Economics at the MassachusettsInstitute of Technology. He has received a BA in economics from the Universityof York, an MSc in mathematical economics and econometrics from the LondonSchool of Economics, and a PhD in economics from the London School ofEconomics. He is an elected fellow of the National Academy of Sciences, theAmerican Academy of Arts and Sciences, the Econometric Society, the EuropeanEconomic Association, and the Society of Labor Economists. He has receivednumerous awards and fellowships, including the inaugural T. W. Schultz Prizefrom the University of Chicago in 2004, the inaugural Sherwin Rosen Award foroutstanding contribution to labor economics in 2004, the Distinguished ScienceAward from the Turkish Sciences Association in 2006, and the John von NeumannAward, Rajk College, Budapest, in 2007. He was also the recipient of the John Bates Clark Medal in 2005,awarded every two years to the best economist in the US under the age of 40 bythe American Economic Association, and the Erwin Plein Nemmers Prize, awardedevery two years for work of lasting significance in economics. He holdshonorary doctorates from the University of Utrecht and Bosporus University. His research interests include political economy, economicdevelopment and growth, human capital theory, growth theory, innovation, searchtheory, network economics, and learning. His books include Economic Origins of Dictatorship andDemocracy (jointly with James A. Robinson), which was awarded theWoodrow Wilson and the William Riker prizes, Introduction to ModernEconomic Growth , and Why Nations Fail: The Origins ofPower,Prosperity, and Poverty (jointly with James A. Robinson), which hasbecome a New York Times bestseller. David Laibson is the Chair of the HarvardEconomics Department and the Robert I. Goldman Professor of Economics atHarvard University. He holds degrees from Harvard University (AB in economics),the London School of Economics (MSc in econometrics and mathematicaleconomics), and the Massachusetts Institute of Technology (PhD in economics). He is also a member of the National Bureau of Economic Research,where he is Research Associate in the Asset Pricing, Economic Fluctuations, andAging Working Groups. His research focuses on the topics of behavioraleconomics, intertemporal choice, macroeconomics, and household finance, and heleads Harvard Universitys Foundations of Human Behavior Initiative. He serves on several editorial boards, as well as the PensionResearch Council (Wharton), Harvards Pension Investment Committee, and theBoard of the Russell Sage Foundation. He has previously served on the boards ofthe Health and Retirement Study (National Institutes of Health) and theAcademic Research Council of the Consumer Financial Protection Bureau. He is a recipient of a Marshall Scholarship and a Fellow of theEconometric Society and the American Academy of Arts and Sciences. He is also arecipient of the T. W. Schultz Prize from the University of Chicago and theTIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on LifelongFinancial Security. In recognition of his teaching excellence, he has beenawarded Harvards Phi Beta Kappa Prize and a Harvard College Professorship. John A. List is the Kenneth C. GriffinDistinguished Service Professor in Economics at the University of Chicago, andChairman of the Department of Economics. He received his BS in economics fromthe University of Wisconsin-Stevens Point and his PhD in economics from theUniversity of Wyoming. Before joining the University of Chicago in 2005, he wasa professor at the University of Central Florida, University of Arizona, andUniversity of Maryland. He also served in the White House on the Council ofEconomic Advisers from 2002-2003, and is a Research Associate at the NBER. List was elected a Member of the American Academy of Arts andSciences in 2011, and a Fellow of the Econometric Society in 2015. He alsoreceived the Arrow Prize for Senior Economists in 2008, the Kenneth GalbraithAward in 2010, the Yrjo Jahnsson Lecture Prize in 2012, and the Klein LecturePrize in 2016. He received an honorary doctorate from Tilburg University in2014 and from the University of Ottawa in 2017. In addition, List was named a Top50 Innovator in the Non-Profit Times for 2015 and 2016 for his work oncharitable giving. His research focuses on questions in microeconomics, with aparticular emphasis on using field experiments to address both positive andnormative issues. For decades his field experimental research has focused onissues related to the inner workings of markets, the effects of variousincentive schemes on market equilibria and allocations, and how behavioraleconomics can augment the standard economic model. This includes research intowhy inner city schools fail, why people discriminate, why people give tocharity, why firms fail, why women make less money than men in labor markets,and why people generally do what they do. His research includes over 200 peer-reviewed journal articles andseveral published books, including the 2013 international best-seller, TheWhy Axis: Hidden Motives and the Undiscovered Economics of Everyday Life (withUri Gneezy). Table of Contents PARTI: 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 PARTII: 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 PARTIII: MARKET STRUCTURE 12. Monopoly 13. Game Theory and Strategic Play 14. Oligopoly and Monopolistic Competition PARTIV: EXTENDING THE MICROECONOMIC TOOLBOX 15. Trade-offs Involving Time and Risk 16. The Economics of Information 17. Auctions and Bargaining 18. Social Economics Feature Three unified principles lay the groundwork forunderstanding the economic way of thinking about the world Optimization. Economists believe that optimization explains most choices people make. When people fail to choose the best available option, economic reasoning can be used to analyze the mistake and to suggest a better course of action. Equilibrium. Economic systems tend toward equilibrium, wherein each economic actor feels that he or she cannot do any better by picking another course of action. This principle highlights the connections among economic actors and their choices. Empiricism. Economists use data to test economic theories, learn about the world, and speak to policymakers. The emphasis on matching theories with real-world data to answer specific questions helps to show students the evidence behind the theory, making economics concrete, interesting, and fun. Applications provide meaningful practice in analyzing andinterpreting real-world economic data and questions NEW - End-of-chapter Evidence-Based Economic problems show how economists use data to answer the question posed in the opening paragraph of each chapter. These features let students get a real look at economics as it plays out in the world around them, and gives them the skills to question systematically and evaluate what they read. New problems focus on the effectiveness of financial incentives to get people to quit smoking (Chapter 5); employment discrimination and the Democratic presidential nomination (Chapter 11); and the role of discrimination in wage differences across gender and ethnicity (Chapter 11). Autograded versions of these questions are also in the MyLab. NEW - Letting the Data Speak boxes are short, targeted explorations that analyze an economic question by using real data as the foundation of the discussion. Recent additions profile the impact of tax and service charges on price elasticity (Chapter 5), the costs and benefits of government regulation and safety (Chapter 7), and how companies can optimize apologies to their customer (Chapter 18). NEW - Choice and Consequence exercises emphasize optimization by focusing on making the best decision. These features ask students to make an economic decision, or evaluate the consequences of past real decisions. The authors then explain how an economist might analyze the same decision. New questions discuss the Coronavirus vaccination. Comprehensive microeconomic coverage shows the importance ofconcepts in everyday life NEW - Practical coverage of microeconomics helps students see how they can apply course content in their own decision-making. New and relevant discussions include COVID-19s impact on positive and normative economics related to unemployment and the stock market (Chapter 1), the trade-offs between health and economic output during the COVID-19 crisis (Chapter 1), how stay-at-home orders in 2020 impacted the demand for gasoline in developed countries (Chapter 4), and more. UPDATED - An integrated approach to consumption and production. Chapters 5 and 6 show students that consumption and production are really two sides of the same coin, glued together by the idea of incentives. Upon grasping the commonalities and linkages between the processes of consumer and producer decisions, students can see and get a better understanding of the whole picture and how these concepts tie together. UPDATED - In-depth coverage of game theory that yields powerful insights. Chapter 13 is devoted entirely to game theory, which is a source of some very powerful economic insights. This chapter emphasizes that it helps us better understand the world when we place ourselves in the shoes of someone else. In so doing, each student may develop a deeper understanding of how to choose a strategy that is a best response to the strategies of others. UPDATED - An innovative suite that extends the microeconomic toolbox. Chapters 15 to 17 help students see the relevance of the study of microeconomics, which is applicable to real-life topics such as how compound interest causes an investments value to grow over time. And the book comes to a close in an innovative fashion with Chapter 18 on social economics. Exploring the economics of charity, fairness, and revenge, this final chapter drives home the fact that economic principles can be extended to every corner of our world. MyLab New Feature Applications provide meaningful practice in analyzing andinterpreting real-world economic data and questions End-of-chapter Evidence-Based Economic problems show how economists use data to answer the question posed in the opening paragraph of each chapter. These features let students get a real look at economics as it plays out in the world around them, and gives them the skills to question systematically and evaluate what they read. New problems focus on the effectiveness of financial incentives to get people to quit smoking (Chapter 5); employment discrimination and the Democratic presidential nomination (Chapter 11); and the role of discrimination in wage differences across gender and ethnicity (Chapter 11). Letting the Data Speak boxes are short, targeted explorations that analyze an economic question by using real data as the foundation of the discussion. Recent additions profile the impact of tax and service charges on price elasticity (Chapter 5), the costs and benefits of government regulation and safety (Chapter 7), and how companies can optimize apologies to their customer (Chapter 18). Choice and Consequence exercises emphasize optimization by focusing on making the best decision. These features ask students to make an economic decision, or evaluate the consequences of past real decisions. The authors then explain how an economist might analyze the same decision. New questions discuss the Coronavirus vaccination. Comprehensive microeconomic coverage shows the importance ofconcepts in everyday life Practical coverage of microeconomics helps students see how they can apply course content in their own decision-making. New and relevant discussions include COVID-19s impact on positive and normative economics related to unemployment and the stock market (Chapter 1), the trade-offs between health and economic output during the COVID-19 crisis (Chapter 1), how stay-at-home orders in 2020 impacted the demand for gasoline in developed countries (Chapter 4), and more. An integrated approach to consumption and production. Chapters 5 and 6 show students that consumption and production are really two sides of the same coin, glued together by the idea of incentives. Upon grasping the commonalities and linkages between the processes of consumer and producer decisions, students can see and get a better understanding of the whole picture and how these concepts tie together. In-depth coverage of game theory that yields powerful insights. Chapter 13 is devoted entirely to game theory, which is a source of some very powerful economic insights. This chapter emphasizes that it helps us better understand the world when we place ourselves in the shoes of someone else. In so doing, each student may develop a deeper understanding of how to choose a strategy that is a best response to the strategies of others. An innovative suite that extends the microeconomic toolbox. Chapters 15 to 17 help students see the relevance of the study of microeconomics, which is applicable to real-life topics such as how compound interest causes an investments value to grow over time. And the book comes to a close in an innovative fashion with Chapter 18 on social economics. Exploring the economics of charity, fairness, and revenge, this final chapter drives home the fact that economic principles can be extended to every corner of our world. MyLab Details ISBN129241488X Author Daron Acemoglu Publisher Pearson Education Heg USA Format Paperback Publication Date 2021-06-26 Pages 512 Year 2021 Edition 3rd ISBN-13 9781292414881 Imprint Pearson Education Limited Place of Publication Harlow Country of Publication United Kingdom ISBN-10 129241488X AU Release Date 2021-07-02 NZ Release Date 2021-07-02 UK Release Date 2021-07-02 Textbook 1 Birth 1869 Death 1937 Affiliation Department of Chemistry, New Mexico State University Position Department of Chemistry Qualifications BA, MED Edition Description 3rd edition Replaces 9781292214351 Audience Tertiary & Higher Education DEWEY 338.5 We've got this At The Nile, if you're looking for it, we've got it. 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