Like no other text for the intermediate microeconomics course, Goolsbee, Levitt, and Syverson’s Microeconomics bridges the gap between today’s theory and practice. A strong empirical dimension tests theory and successfully applies it. With carefully crafted features and vivid examples, Goolsbee, Levitt, and Syverson’s text helps answer two critical questions students ask, "Do people and firms really act as theory suggests" and "How can someone use microeconomics in a practical way?" The authors teach in economics departments and business schools and are active empirical microeconomics researchers. Their grounding in different areas of empirical research allows them to present the evidence developed in the last 20 years that has tested and refined the fundamental theories. Their teaching and professional experiences are reflected in an outstanding presentation of theories and applications.
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Like no other text for the intermediate microeconomics course, Goolsbee, Levitt, and Syverson’s Microeconomics bridges the gap between today’s theory and practice.
Chapter 1: Adventures in Microeconomics.- Chapter 2: Supply and Demand.- Chapter 3: Using Supply and Demand to Analyze Markets.- Chapter 4: Consumer Behavior.- Chapter 5: Individual and Market Demand.- Chapter 6: Producer Behavior.- Chapter 7: Costs.- Chapter 8: Supply in a Competitive Market.- Chapter 9: Market Power and Monopoly.- Chapter 10: Market Power and Pricing Strategies.- Chapter 11: Imperfect Competition.- Chapter 12: Game Theory.- Chapter 13: Factor Markets.- Chapter 14: Investment, Time, and Insurance.- Chapter 15: General Equilibrium.- Chapter 16: Asymmetric Information.- Chapter 17: Externalities and Public Goods.- Chapter 18: Behavioral and Experimental Economics.
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A strong empirical dimension in Microeconomics bridges the gap between today's theory and practice, allowing you to immediately apply economic theory after studying it. The text helps to answer two critical questions often asked, "Do people and firms really act as theory suggests?" and "How can someone use microeconomics in a practical way?" in order to get you thinking about, and then applying theory in a relevant way.
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Applications show how microeconomic theory informs consumer and producer decision making in real situations. These applications show the practical uses of theory today and draw on data from numerous different sources. Freakonomics essays apply economic analysis to common phenomena, helping to foster economic intuition. The previous edition’s focus on empirics continues. Integration of the empirical dimension is throughout the text in examples, applications, etc. Figure It Out worked-out problems walk students through the process of how to use economic tools and analysis to think through a problem and develop its solution. Make the Grade essays point out common pitfalls that students may encounter and help them navigate through the finer points of micro theory. Optional Calculus appendices provide students with another way to understand economic theory.new_to_this_editionNew applications are found throughout the text and feature interesting topics from toxic algae in Florida and self driving cars, to the importance of business reputations and ultra low cost airlines. New Freakonomics boxes (How Uber took the Taxi Industry by Storm and Do Traffic Jams Lead to Divorce?, for example) help bridge economic concepts with the real world. 25% new end of chapter problems provide problems for every section of the book. Figure It Out: online! The popular Figure It Out feature has been expanded by taking 2 problems from each chapter and placing them in an interactive tutorial setting. Video instruction guides students toward the solution of the problem step by step. New Freakonomics classroom activities in SaplingPlus
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Produktdetaljer

ISBN
9781319341084
Publisert
2020-05-11
Utgiver
Vendor
Worth Publishers Inc.,U.S.
Høyde
235 mm
Bredde
155 mm
Aldersnivå
Lower undergraduate, P, 06
Språk
Product language
Engelsk
Format
Product format
Kombinasjonsprodukt
Antall sider
700

Biographical note

Austan D. Goolsbee serves as a member of the US Census-Advisory Committee, a research associate for the National Bureau of Economic Research, a research fellow for the American Bar Foundation, a columnist for the New York Times and an economic advisor to Barack Obama. 
Steven Levitt is the William B. Ogden Distinguished Service Professor of Economics at the University of Chicago, USA. 
Chad Syverson's research spans several topics, with a particular focus on the interactions of firm structure, market structure, and productivity.