Economics

Throughout Economics, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help readers 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. As a result of the text’s practical emphasis, readers will learn to apply economic principles to guide the decisions they make in their own lives.

KEY TOPICS:
The Principles and Practice of Economics; Economic Methods and Economic Questions; Optimization: Doing the Best You Can; Demand, Supply, and Equilibrium; Consumers and Incentives; Sellers and Incentives; Perfect Competition and the Invisible Hand; Trade; Externalities and Public Goods; The Government in the Economy: Taxation and Regulation; Markets for Factors of Production; Monopoly; Game Theory and Strategic Play; Oligopoly and Monopolistic Competition; Trade-offs Involving Time and Risk; The Economics of Information; Auctions and Bargaining; Social Economics; The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates; Aggregate Incomes; Economic Growth; Why Isn't the Whole World Developed?; Employment and Unemployment; Credit Markets; The Monetary System; Short-run Fluctuations; Countercyclical Macroeconomic Policy; Macroeconomics and International Trade; Open Economy Macroeconomics

MARKET:
Those seeking a basic, practical overview of the principles of economics