Microeconomics / / Daron Acemoglu, Massachusetts Institute of Technology, David Laibson, Harvard University, John A. List, University of Chicago

• Autore: Acemoglu Daron
• Pubblicazione: Boston, [Massachusetts] : , : Pearson, , 2016; ©2016
• Edizione: Global edition.
• Descrizione fisica: 1 online resource (507 pages)
• Disciplina: 330
• Soggetto topico: Economics
• Persona (resp. second.): ListJohn <1925-2008, >; LaibsonDavid
• Note generali: Includes index.
• Nota di contenuto: Cover -- Title Page -- Copyright -- Contents -- Chapter 1: The Principles and Practice of Economics -- 1.1 The Scope of Economics -- Economic Agents and Economic Resources -- Definition of Economics -- Positive Economics and Normative Economics -- Microeconomics and Macroeconomics -- 1.2 Three Principles of Economics -- 1.3 The First Principle of Economics: Optimization -- Trade-offs and Budget Constraints -- Opportunity Cost -- Cost-Benefit Analysis -- Evidence-Based Economics: Is Facebook free? -- 1.4 The Second Principle of Economics: Equilibrium -- The Free-Rider Problem -- 1.5 The Third Principle of Economics: Empiricism -- 1.6 Is Economics Good for You? -- Summary -- Key Terms -- Questions -- Problems -- Chapter 2: Economic Methods and Economic Questions -- 2.1 The Scientific Method -- Models and Data -- An Economic Model -- Evidence-Based Economics: How much more do workers with a college education earn? -- Means -- Argument by Anecdote -- 2.2 Causation and Correlation -- The Red Ad Campaign Blues -- Causation versus Correlation -- Experimental Economics and Natural Experiments -- Evidence-Based Economics: How much do wages increase when an individual is compelled by law to get an extra year of schooling? -- 2.3 Economic Questions and Answers -- Summary -- Key Terms -- Questions -- Problems -- Appendix: Constructing and Interpreting Graphs -- A Study About Incentives -- Experimental Design -- Describing Variables -- Cause and Effect -- Appendix Problems -- Appendix Key Terms -- Chapter 3: Optimization: Doing the Best You Can -- 3.1 Two Kinds of Optimization: A Matter of Focus -- Choice & Consequence: Do People Really Optimize? -- 3.2 Optimization in Levels -- Comparative Statics -- 3.3 Optimization in Differences: Marginal Analysis -- Marginal Cost -- Evidence-Based Economics: How does location affect the rental cost of housing? -- Summary. ; Key Terms -- Questions -- Problems -- Chapter 4: Demand, Supply, and Equilibrium -- 4.1 Markets -- Competitive Markets -- 4.2 How Do Buyers Behave? -- Demand Curves -- Willingness to Pay -- From Individual Demand Curves to Aggregated Demand Curves -- Building the Market Demand Curve -- Shifting the Demand Curve -- Evidence-Based Economics: How much more gasoline would people buy if its price were lower? -- 4.3 How Do Sellers Behave? -- Supply Curves -- Willingness to Accept -- From the Individual Supply Curve to the Market Supply Curve -- Shifting the Supply Curve -- 4.4 Supply and Demand in Equilibrium -- Curve Shifting in Competitive Equilibrium -- 4.5 What Would Happen If the Government Tried to Dictate the Price of Gasoline? -- Choice & Consequence: The Unintended Consequences of Fixing Market Prices -- Summary -- Key Terms -- Questions -- Problems -- Chapter 5: Consumers and Incentives -- 5.1 The Buyer's Problem -- What You Like -- Prices of Goods and Services -- Choice & Consequence: Absolutes vs. Percentages -- How Much Money You Have to Spend -- 5.2 Putting It All Together -- Price Changes -- Income Changes -- 5.3 From the Buyer's Problem to the Demand Curve -- 5.4 Consumer Surplus -- An Empty Feeling: Loss in Consumer Surplus When Price Increases -- Evidence-Based Economics: Would a smoker quit the habit for 100 per month? -- 5.5 Demand Elasticities -- The Price Elasticity of Demand -- Moving Up and Down the Demand Curve -- Elasticity Measures -- Determinants of the Price Elasticity of Demand -- The Cross-Price Elasticity of Demand -- The Income Elasticity of Demand -- Letting the Data Speak: Should McDonald's Be Interested in Elasticities? -- Summary -- Key Terms -- Questions -- Problems -- Appendix: Representing Preferences with Indifference Curves: Another Use of the Budget Constraint -- Appendix Questions -- Appendix Key Terms. ; Chapter 6: Sellers and Incentives -- 6.1 Sellers in a Perfectly Competitive Market -- 6.2 The Seller's Problem -- Making the Goods: How Inputs Are Turned into Outputs -- The Cost of Doing Business: Introducing Cost Curves -- Choice & Consequence: Average Cost Versus Marginal Cost -- The Rewards of Doing Business: Introducing Revenue Curves -- Putting It All Together: Using the Three Components to Do the Best You Can -- Choice & Consequence: Maximizing Total Profit, Not Per-Unit Profit -- 6.3 From the Seller's Problem to the Supply Curve -- Price Elasticity of Supply -- Shut Down -- 6.4 Producer Surplus -- 6.5 From the Short Run to the Long Run -- Long-Run Supply Curve -- Choice & Consequence: Visiting a Car Manufacturing Plant -- 6.6 From the Firm to the Market: Long-Run Competitive Equilibrium -- Firm Entry -- Firm Exit -- Zero Profits in the Long Run -- Economic Profit versus Accounting Profit -- Evidence-Based Economics: How would an ethanol subsidy affect ethanol producers? -- Summary -- Key Terms -- Questions -- Problems -- Appendix: When Firms Have Different Cost Structures -- Chapter 7: Perfect Competition and the Invisible Hand -- 7.1 Perfect Competition and Efficiency -- Social Surplus -- Pareto Efficiency -- 7.2 Extending the Reach of the Invisible Hand: From the Individual to the Firm -- 7.3 Extending the Reach of the Invisible Hand: Allocation of Resources Across Industries -- 7.4 Prices Guide the Invisible Hand -- Deadweight Loss -- The Command Economy -- Choice & Consequence: FEMA and Walmart After Katrina -- The Central Planner -- Choice & Consequence: Command and Control at Kmart -- 7.5 Equity and Efficiency -- Evidence-Based Economics: Can markets composed of only self-interested people maximize the overall well-being of society? -- Summary -- Key Terms -- Questions -- Problems -- Chapter 8: Trade. ; 8.1 The Production Possibilities Curve -- Calculating Opportunity Cost -- 8.2 The Basis for Trade: Comparative Advantage -- Specialization -- Absolute Advantage -- Choice & Consequence: An Experiment on Comparative Advantage -- The Price of the Trade -- 8.3 Trade Between States -- Choice & Consequence: Should LeBron James Paint His Own House? -- Economy-Wide PPC -- Comparative Advantage and Specialization Among States -- 8.4 Trade Between Countries -- Determinants of Trade Between Countries -- Letting the Data Speak: Fair Trade Products -- Exporting Nations: Winners and Losers -- Importing Nations: Winners and Losers -- Where Do World Prices Come From? -- Determinants of a Country's Comparative Advantage -- 8.5 Arguments Against Free Trade -- National Security Concerns -- Fear of Globalization -- Environmental and Resource Concerns -- Infant Industry Arguments -- The Effects of Tariffs -- Evidence-Based Economics: Will free trade cause you to lose your job? -- Summary -- Key Terms -- Questions -- Problems -- Chapter 9: Externalities and Public Goods -- 9.1 Externalities -- A "Broken" Invisible Hand: Negative Externalities -- A "Broken" Invisible Hand: Positive Externalities -- Choice & Consequence: Positive Externalities in Spots You Never Imagined -- Pecuniary Externalities -- 9.2 Private Solutions to Externalities -- Private Solution: Bargaining -- The Coase Theorem -- Private Solution: Doing the Right Thing -- 9.3 Government Solutions to Externalities -- Government Regulation: Command-and-Control Policies -- Government Regulation: Market-Based Approaches -- Corrective Taxes and Subsidies -- Letting the Data Speak: How To Value Externalities -- Letting the Data Speak: Pay As You Throw: Consumers Create Negative Externalities Too! -- 9.4 Public Goods -- Government Provision of Public Goods -- Choice & Consequence: The Free-Rider's Dilemma. ; Private Provision of Public Goods -- 9.5 Common Pool Resource Goods -- Choice & Consequence: Tragedy of the Commons -- Choice & Consequence: The Race to Fish -- Evidence-Based Economics: How can the Queen of England lower her commute time to Wembley Stadium? -- Summary -- Key Terms -- Questions -- Problems -- Chapter 10: The Government in the Economy: Taxation and Regulation -- 10.1 Taxation and Government Spending in the United States -- Where Does the Money Come From? -- Why Does the Government Tax and Spend? -- Letting the Data Speak: Understanding Federal Income Tax Brackets -- Taxation: Tax Incidence and Deadweight Losses -- Choice & Consequence: The Deadweight Loss Depends on the Tax -- 10.2 Regulation -- Direct Regulation -- 10.3 Government Failures -- The Direct Costs of Bureaucracies -- Corruption -- Underground Economy -- 10.4 Equity Versus Efficiency -- 10.5 Consumer Sovereignty and Paternalism -- The Debate -- Evidence-Based Economics: What is the optimal size of government? -- Letting the Data Speak: The Efficiency of Government Versus Privately Run Expeditions -- Summary -- Key Terms -- Questions -- Problems -- Chapter 11: Markets for Factors of Production -- 11.1 The Competitive Labor Market -- The Demand for Labor -- 11.2 The Supply of Labor: Your Labor-Leisure Trade-off -- Choice & Consequence: Producing Web Sites and Computer Programs -- Labor Market Equilibrium: Supply Meets Demand -- Letting the Data Speak: "Get Your Hot Dogs Here!" -- Labor Demand Shifters -- Labor Supply Shifters -- Letting the Data Speak: Do Wages Really Go Down if Labor Supply Increases? -- 11.3 Wage Inequality -- Differences in Human Capital -- Choice & Consequence: Paying for Worker Training -- Differences in Compensating Wage Differentials -- Discrimination in the Job Market -- Choice & Consequence: Compensating Wage Differentials. ; Changes in Wage Inequality Over Time.
• Sommario/riassunto: For courses in Principles of Microeconomics Acemoglu, Laibson, List: An evidence-based approach to economics Throughout Microeconomics, 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, the authors use the themes of optimization, equilibrium and empiricism to illustrate the power of simple economic ideas, and their ability to explain, predict, and improve what happens in the world. Each chapter begins with an empirical question that 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. MyEconLab is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts. Please note that the product you are purchasing does not include MyEconLab. MyEconLab Join over 11 million students benefiting from Pearson MyLabs. This title can be supported by MyEconLab, an online homework and tutorial system designed to test and build your understanding. Would you like to use the power of MyEconLab to accelerate your learning? You need both an access card and a course ID to access MyEconLab. These are the steps you need to take: 1. Make sure that your lecturer is already using the system Ask your lecturer before purchasing a MyLab product as you will need a course ID from them before you can gain access to the system. 2. Check whether an access card has been included with the book at a reduced cost If it has, it will be on the inside back cover of the book. 3. If you; have a course ID but no access code, you can benefit from MyEconLab at a reduced price by purchasing a pack containing a copy of the book and an access code for MyEconLab (ISBN:9781292079653) 4. If your lecturer is using the MyLab and you would like to purchase the product... Go to www.myeconlab.com to buy access to this interactive study programme. For educator access, contact your Pearson representative. To find out who your Pearson representative is, visit www.pearsoned.co.uk/replocator.
• Titolo autorizzato: Microeconomics
• ISBN: 1-292-07958-4
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910154767203321
• Lo trovi qui: Univ. Federico II
• Serie: Always learning.