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ISBN10: 1265177082 | ISBN13: 9781265177089
Microeconomics
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* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.
The 2024 Release of Microeconomics by Dean Karlan and Jonathan Morduch is a transformative update to empower students in reshaping their world. It features a fresh print release, updated eBook/SmartBook, and enriched digital content in Connect® to allow students a seamless transition from page to screen. Karlan and Morduch’s product is a champion for personal and public change, redefining economics as a tool not just for personal gain but for public and business policy betterment.
It challenges students to reach conclusions on how they will improve the world, cultivating a mindset that thinks like economists.
Microeconomics isn’t just a textbook; it’s an experience allowing students to learn how to use the power of economics to shape a world that's not just better but THEIRS. Erase boundaries between classroom and reality, with content grounded in updated empirical evidence, data, and research. Highlights include fresh insights from diverse voices to offer a broadened perspective, unique topics including game theory, behavioral econ, time/uncertainty, ADA-compliant figures redrawn to ensure accessibility for all learners and so much more.
PART 1: THE POWER OF ECONOMICS
1 Economics and Life
2 Specialization and Exchange
PART 2: SUPPLY AND DEMAND
3 Markets
4 Elasticity
5 Efficiency
6 Government Intervention
MICROECONOMICS THINKING LIKE A MICROECONOMIST
PART 3: INDIVIDUAL DECISIONS
7 Consumer Behavior
8 Behavioral Economics A Closer Look at Decision Making
9 Game Theory and Strategic Thinking
10 Information
11 Time and Uncertainty
PART 4: FIRM DECISIONS
12 The Costs of Production
13 Perfect Competition
14 Monopoly
15 Monopolistic Competition and Oligopoly
16 The Factors of Production
17 International Trade
PART 5: PUBLIC ECONOMICS
18 Externalities
19 Public Goods and Common Resources
20 Taxation and the Public Budget
21 Poverty, Inequality, and Discrimination
22 Political Choices
23 Public Policy and Choice Architecture
About the Author
Dean Karlan
Dean Karlan is Professor of Economics and Finance at Northwestern University and President and Founder of Innovations for Poverty Action (IPA). Dean started IPA in 2002 with two aims: to help learn what works and what does not in the fight against poverty and other social problems around the world, and then to implement successful ideas at scale. IPA has worked in over 50 countries, with 1,000 employees around the world. Dean’s personal research focuses on using field experiments to learn more about the effectiveness of financial services for low-income households, with a focus on using behavioral economics approaches to improve financial products and services. His research includes related areas, such as building income for those in extreme poverty, charitable fund-raising, voting, health, and education. Dean is also co founder of stickK.com, a start-up that helps people use commitment contracts to achieve personal goals, such as losing weight or completing a problem set on time, and in 2015 he founded Impact Matters, an organization that helps assess whether charitable organizations are using and producing appropriate evidence of impact. Dean is a Sloan Foundation Research Fellow, a Guggenheim Fellow, and an Executive Committee member of the Board of the M.I.T. Jameel Poverty Action Lab. In 2007 he was awarded a Presidential Early Career Award for Scientists and Engineers. He is co editor of the Journal of Development Economics and on the editorial board of American Economic Journal: Applied Economics. He holds a BA from University of Virginia, an MPP and MBA from University of Chicago, and a PhD in Economics from MIT. In 2016 he coauthored Failing in the Field, and in 2011 he coauthored More Than Good Intentions:Improving the Ways the World’s Poor Borrow, Save, Farm, Learn, and Stay Healthy.
Jonathan Morduch
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