Microeconomics, Global Edition, 2nd edition

  • Daron Acemoglu
  • David Laibson
  • John List

Title overview

For courses in Principles of Microeconomics.

An evidence-based approach to economics

Throughout Microeconomics, 2nd 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 optimisation, 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. Each chapter begins with an empirical question that is relevant to the life of a student, and is later answered using data in the Evidence-Based Economics feature. As a result of the text’s practical emphasis, students will learn to apply economic principles to guide the decisions they make in their own lives.

Table of contents

  • PART I: INTRODUCTION TO ECONOMICS
  • 1. The Principles and Practice of Economics
  • 2. Economic Methods and Economic Questions
  • 3. Optimization: Doing the Best You Can
  • 4. Demand, Supply, and Equilibrium
  • PART II: 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
  • PART III: MARKET STRUCTURE
  • 12. Monopoly
  • 13. Game Theory and Strategic Play
  • 14. Oligopoly and Monopolistic Competition
  •  PART IV: EXTENDING THE MICROECONOMIC TOOLBOX
  • 15. Trade-offs Involving Time and Risk
  • 16. The Economics of Information
  • 17. Auctions and Bargaining
  • 18. Social Economics

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Additional resources

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Higher education products published in Australia or New Zealand: Pearson Resource Centre

Higher education products published outside Australia and New Zealand: Pearson global website

K-12 School products:

English Learning Student & Teacher resources: Pearson English Website

Published by Pearson (June 21st 2018) - Copyright © 2018