Principles of Microeconomics by Betsey Stevenson; Justin Wolfers - First Edition, 2020 from Macmillan Student Store

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Principles of Microeconomics

First  Edition©2020  New Edition Available Betsey Stevenson; Justin Wolfers

ISBN:9781319252892

ISBN:9781319252922

ISBN:9781319252946

ISBN:9781464186943

ISBN:9781319346317

ISBN:9781319362782

About

Every decision is an economic decision.

Should you buy a car or rely on Uber? Get a job, or go to grad school? Spend or save? Worry about inflation or unemployment? In Principles of Economics, you’ll learn how the basic tools of economics can be applied to decisions that range from personal and professional goals to public policy and the broader economy. Betsey Stevenson and Justin Wolfers bring a fresh voice to the dismal science, and invite you to actively engage in the process of "doing" economics. Combining fundamental theory with modern applications, familiar--yet often surprising--examples, and plenty of opportunities to practice using economic tools, Principles of Microeconomics helps students to develop economic insight.

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Table of Contents

Brief Contents
Preface
A Quick Review of Graphs

PART I: Foundations of Economics
Chapter 1: The Core Principles of Economics
Chapter 2: Demand: Thinking Like a Buyer
Chapter 3: Supply: Thinking Like a Seller
Chapter 4: Equilibrium: Where Supply Meets Demand

PART II: Analyzing Markets
Chapter 5: Elasticity: Measuring Responsiveness
Chapter 6: When Governments Intervene in Markets
Chapter 7: Welfare and Efficiency
Chapter 8: Gains from Trade

PART III: Applications and Policy Issues
Chapter 9: International Trade
Chapter 10: Externalities and Public Goods
Chapter 11: The Labor Market
Chapter 12: Wages, Workers, and Management
Chapter 13: Inequality, Social Insurance, and Redistribution

PART IV: Market Structure and Business Strategy
Chapter 14: Market Structure and Market Power
Chapter 15: Entry, Exit, and Long-Run Profitability
Chapter 16: Business Strategy
Chapter 17: Sophisticated Pricing Strategies
Chapter 18: Game Theory and Strategic Choices

PART V: Advanced Decisions
Chapter 19: Decisions Involving Uncertainty
Chapter 20: Decisions Involving Private Information

Glossary
Index

Betsey Stevenson

Betsey Stevenson is a professor of economics and public policy at the University of Michigan. Her research focuses on the impact of public policies on the labor market, and explores women’s labor market experiences, the economic forces shaping the modern family, and the role of subjective well-being data for public policy. She serves on the Executive Committee of the American Economic Association, and is also a research associate with the National Bureau of Economic Research, a fellow of the Institute for Economic Research in Munich, a visiting associate professor of economics at the University of Sydney, and a research Fellow with the Centre for Economic Policy Research in London. She served as a member of the Council of Economic Advisers from 2013 to 2015, where she advised President Obama on social policy, labor market, and trade issues. She also served as the chief economist of the U.S. Department of Labor from 2010 to 2011. Betsey is an occasional editorialist for Bloomberg, and a trusted presence in the public debate about economics and public policy. She earned a BA in economics and mathematics from Wellesley College and an AM and PhD in economics from Harvard University.

Justin Wolfers

Justin Wolfers is a professor of economics and public policy at the University of Michigan. He does research in both macroeconomics and applied microeconomics topics, and has explored unemployment and inflation, the power of prediction markets, the economic forces shaping the modern family, discrimination, and happiness. He is a research associate with the National Bureau for Economic Research, a fellow of the Brookings Institution, a fellow of the Peterson Institute for International Economics, a research fellow with the Centre for Economic Policy Research in London, a fellow of the Institute for Economic Research in Munich, a visiting professor of economics at the University of Sydney, and an international research fellow at the Kiel Institute for the World Economy in Germany. He has been an editor of the Brookings Papers on Economic Activity, a board member on the Committee on the Status of Women in Economics, a member of the Panel of Advisors of the U.S. Congressional Budget Office, among many other board and advisory positions. He is currently a contributing columnist for the New York Times , and has written about economic issues in numerous other outlets. He is frequently quoted in the media on economic policy and relied upon to provide unbiased assessments of the current state of the macroeconomy. Justin earned a BA in economics from the University of Sydney and an AM and PhD in economics from Harvard University.