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Improve YOUR world. Dean Karlan and Jonathan Morduch’s Microeconomics 3e is built around the central concept that economics is a powerful and positive tool that students can use right now to improve their world. Microeconomics uses examples and issues that resonate with students’ experience to draw them in and frame ideas to help develop their economic intuition.
- Using a balanced approach, students are able to sharpen their own understanding of topics by focusing on the data and evidence behind the effects they see. Students are equipped to understand and respond to real-life situations thought their new economic lens and challenged to decided how they will improve their world.
- The third edition delivers core economic concepts along with exciting new ideas in economic though and strives to keep students engaged by confronting issues that are important in the world.
- This text combines a familiar curriculum with material from new research and applied areas such as finance, behavioral economics, and the political economy. Students and faculty will find content that breaks down barriers between what takes place in the classroom and what happens in our nation and our world, with applications that are driven by empirical evidence, data, and research.
- Karlan and Morduch show students that economics is a tool to improve one's own life and promote better public and business policies in the world. At the same time, this third edition challenges students to reach their own conclusions about how they will improve their world.
Chapter 1: Economics and Life
Chapter 2: Specialization and Exchange
Chapter 3: Markets
Chapter 4: Elasticity
Chapter 5: Efficiency
Chapter 6: Government Intervention
Chapter 7: Consumer Behavior
Chapter 8: Behavioral Economics: A Closer Look at Decision Making
Chapter 9: Game Theory and Strategic Thinking
Chapter 10: Information
Chapter 11: Time and Uncertainty
Chapter 12: The Costs of Production
Chapter 13: Perfect Competition
Chapter 14: Monopoly
Chapter 15: Monopolistic Competition and Oligopoly
Chapter 16: The Facts of Production
Chapter 17: International Trade
Chapter 18: Externalities
Chapter 19: Public Goods and Common Resources
Chapter 20: Taxation and the Public Budget
Chapter 21: Poverty, Inequality, and Discrimination
Chapter 22: Political Choices
Chapter 23: Public Policy and Choice Architecture
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