Microeconomics:
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Boston ; Munich
Pearson
[2016]
|
| Ausgabe: | Global edition |
| Schriftenreihe: | The Pearson series in economics
Always learning |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 483 Seiten Diagramme, Illustrationen |
| ISBN: | 9781292079578 1292079576 |
Internformat
MARC
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| 100 | 1 | |a Acemoglu, Daron |d 1967- |0 (DE-588)124929575 |4 aut | |
| 245 | 1 | 0 | |a Microeconomics |c Daron Acemoglu (Massachusetts Institute of Technology), David Laibson (Harvard University), John A. List (University of Chicago) |
| 250 | |a Global edition | ||
| 264 | 1 | |a Boston ; Munich |b Pearson |c [2016] | |
| 264 | 4 | |c © 2016 | |
| 300 | |a 483 Seiten |b Diagramme, Illustrationen | ||
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| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a The Pearson series in economics | |
| 490 | 0 | |a Always learning | |
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| 700 | 1 | |a Laibson, David I. |d 1966- |0 (DE-588)128782226 |4 aut | |
| 700 | 1 | |a List, John A. |d 1968- |0 (DE-588)124330827 |4 aut | |
| 856 | 4 | 2 | |m Digitalisierung UB Regensburg - ADAM Catalogue Enrichment |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028155987&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
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Datensatz im Suchindex
| _version_ | 1804174932956938240 |
|---|---|
| adam_text | Chapter 1: The Principles
and Practice of Economics 34
1.1 The Scope of Economics 35
Economic Agents and Economic Resources 35
Definition of Economics 36
Positive Economics and Normative Economics 37
Microeconomics and Macroeconomics 38
1.2 Three Principles of Economics 38
1.3 The First Principle of Economics:
Optimization 39
Trade-offs and Budget Constraints 40
Opportunity Cost 40
Cost-Benefit Analysis 4l
Evidence-Based Economies: Is Fucebook free? 42
1.4 The Second Principle of Economics:
Equilibrium 45
The Free-Rider Problem 46
1.5 The Third Principle of Economics:
Empiricism 46
1.6 Is Economics Good for You? 47
Summary 48
Key Terms 48
Questions 49
Problems 49
Chapter 2: Economic Methods
and Economic Questions 52
2.1 The Scientific Method 53
Models and Data 53
An Economic Model 55
Evidence-Based Economics: How much more
do workers with a college education earn? 56
Means 57
Argument by Anecdote 57
2.2 Causation and Correlation 58
The Red Ad Campaign Blues 58
Causation versus Correlation 59
Experimental Economics and Natural Experiments 60
Evidence-Based Economics: How much do
wages increase when an individual is compelled
by law to get an extra year of schooling? 61
2.3 Economic Questions and Answers 62
Summary 64
Key Terms 64
Questions 64
Problems 65
Appendix: Constructing and Interpreting
Graphs 66
A Study About Incentives 66
Experimental Design 66
Describing Variables 67
Cause and Effect 69
Appendix Problems 12
Appendix Key Terms 73
Chapter 3: Optimization: Doing
the Best You Can 74
3.1 Two Kinds of Optimization:
A Matter of Focus 75
Choice Consequence: Do People
Really Optimize? 77
3.2 Optimization in Levels 78
Comparative Statics 80
3.3 Optimization in Differences:
Marginal Analysis 82
Marginal Cost 82
Evidence-Based Economics: How does
location affect the rental cost of housing? 85
Summary 88
Key Terms 88
Questions 89
Problems 89
Chapter 4: Demand, Supply,
and Equilibrium 92
4.1 Markets 93
Competitive Markets 94
4.2 How Do Buyers Behave? 95
Demand Curves 96
Willingness to Pay 96
From Individual Demand Curves to Aggregated
Demand Curves 97
Building the Market Demand Curve 98
Shifting the Demand Curve 99
Evidence-Based Economics: How much more
gasoline would people buy if its price were
lower? 101
4.3 How Do Sellers Behave? 103
Supply Curves 103
Willingness to Accept 104
From the Individual Supply Curve to the Market
Supply Curve 104
Shifting the Supply Curve 104
4.4 Supply and Demand in Equilibrium 107
Curve Shifting in Competitive Equilibrium 109
4.5 What Would Happen If the Government
Tried to Dictate the Price of Gasoline? 111
Choice Consequence: The Unintended
Consequences of Fixing Market Prices 113
Summary 114
Key Terms 115
Questions 115
Problems 116
Chapter 5; Consumers
and Incentives 118
5.1 The Buyer s Problem 119
What You Like ll 9
Prices of Goods and Services 120
Choice Consequence: Absolutes vs.
Percentages 120
How Much Money You Have to Spend 121
5.2 Putting It All Together 122
Price Changes 124
income Changes 125
5.3 From the Buyer s Problem to the
Demand Curve 125
5.4 Consumer Surplus 127
An Empty Feeling: Loss in Consumer Surplus
When Price Increases 128
Evidence-Based Economics: Would a smoker
quit the habit for S100 per month? 129
5.5 Demand Elasticities 132
The Price Elasticity of Demand 132
Moving Up and Down the Demand Curve 133
Elasticity Measures j 34
Determinants of the Price Elasticity of Demand 135
The Cross-Price Elasticity of Demand 137
The Income Elasticity of Demand 137
Letting the Data Speak: Should McDonald s
Be interested in Elasticities? 138
Summary 739
Key Terms 139
Questions 140
Problems 141
Appendix: Representing Preferences with
Indifference Curves: Another Use of the
Budget Constraint 143
Appendix Questions 145
Appendix Key Terms 145
Chapter 6; Sellers and Incentives 146
6.1 Sellers in a Perfectly Competitive
Market 147
6.2 The Seller s Problem 147
Making the Goods: How Inputs Are Turned
into Outputs 148
The Cost of Doing Business: Introducing
Cost Curves 150
Choice Consequence: Average Cost Versus
Marginal Cost 152
The Rewards of Doing Business: Introducing
Revenue Curves 152
Putting It All Together: Using the Three
Components to Do the Best You Can 154
Choice Consequence: Maximizing
Total Profit, Not Per-Unit Profit 156
6.3 From the Seller s Problem to the
Supply Curve 156
Price Elasticity of Supply 157
Shut Down 158
6.4 Producer Surplus 159
6.5 From the Short Run to the Long Run 161
Long-Run Supply Curve 162
Choice Consequence: Visiting a Car
Manufacturing Plant 162
6.6 From the Firm to the Market: Long-Run
Competitive Equilibrium 163
Firm Entry 163
Firm Exit 164
Zero Profits in the Long Run 165
Economic Profit versus Accounting Profit 166
Evidence-Based Economics: How would
an ethanol subsidy affect ethanol producers? 167
Summary 170
Key Terms 171
Questions 171
Problems 172
Appendix: When Firms Have Different
Cost Structures 174
Chapter 7: Perfect Competition
and the Invisible Hand 176
7.1 Perfect Competition and Efficiency 177
Social Surplus 178
Pareto Efficiency 180
12 Contents
7.2 Extending the Reach of the Invisible
Hand: From the Individual to the Firm 180
7.3 Extending the Reach of the Invisible
Hand: Allocation of Resources Across
Industries 184
7.4 Prices Guide the Invisible Hand 187
Deadweight Loss 188
The Command Economy 189
Choice Consequence: FEM A and Walmart
After Katrina 190
The Central Planner 191
Choice Consequence: Command
and Control at Kmart 193
7.5 Equity and Efficiency 193
Evidence-Based Economics: Can markets
composed of only self-interested people
maximize the overall well-being of society? 194
Summary 198
Key Terms 198
Questions 198
Problems 199
Chapter 8* Trade 202
8.1 The Production Possibilities Curve 203
Calculating Opportunity Cost 205
8.2 The Basis for Trade: Comparative
Advantage 206
Specialization 207
Absolute Advantage 207
Choice Consequence: An Experiment
on Comparative Advantage 208
The Price of the Trade 209
8.3 Trade Between States 210
Choice Consequence: Should LeBron
James Paint His Own House? 211
Econo my-Wide PPC 211
Comparative Advantage and Specialization
Among States 213
8.4 Trade Between Countries 214
Determinants of Trade Between Countries 216
Letting the Data Speak: Fair Trade
Products 217
Exporting Nations: Winners and Losers 217
Importing Nations: Winners and Losers 218
Where Do World Prices Come From? 219
Determinants of a Country s Comparative
Adv antage 219
8.5 Arguments Against Free Trade 220
National Security Concerns 220
Fear of Globalization 220
Environmental and Resource Concerns 220
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 Yoii
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 cun
the Queen of England lower her commute
time to Wembley Stadium?
Summary
Key Terms
Questions
Problems
221
221
223
225
225
226
226
230
231
232
234
236
237
237
238
238
239
240
240
241
241
242
243
244
245
246
248
250
251
251
252
254
254
254
255
Contents
13
Chapter 10: The Government
in the Economy: Taxation
and Regulation 258
10.1 Taxation and Government Spending
in the United States 259
Where Does the Money Come From? 260
Why Does the Government Tax and Spend? 262
Lettin» the Data Speak: Understanding
Federal Income Tax Brackets 264
Taxation: Tax Incidence and Deadweight Losses 266
Choice Consequence: The Deadweight
Loss Depends on the Tax 269
10.2 Regulation 271
Direct Regulation 271
10.3 Government Failures 274
The Direct Costs of Bureaucracies 274
Corruption 275
Underground Economy 276
10.4 Equity Versus Efficiency 276
10.5 Consumer Sovereignty
and Paternalism 277
The Debate 278
Evidence-Based Economics: What is the
optimal size of government? 278
Letting the Data Speak: The Efficiency
of Government Versus Privately Run
Expeditions 280
Summary 281
Key Terms 281
Questions 281
Problems 282
Chapter 11: Markets for
Factors of Production 284
11.1 The Competitive Labor Market 285
The Demand for Labor 286
11.2 The Supply of Labor: Your Labor-Leisure
Trade-off 288
Choice Consequence: Producing Web Sites
and Computer Programs 290
Labor Market Equilibrium: Supply Meets
Demand 290
Letting the Data Speak: ”Get Your Hot
Dogs Here!” 290
Labor Demand Shifters 291
Labor Supply Shifters 291
Letting the Data Speak: Do Wages Really
Go Down if Labor Supply Increases? 293
11.3 Wage Inequality 293
Differences in Human Capital 294
14 Contents
Choice Consequence: Paying for
Worker Trai n i ng 295
Differences in Compensating Wage Differentials 295
Discrimination in the Job Market 295
Choice Consequence: Compensating
Wage Differentials 296
Changes in Wage Inequality Over Time 298
11.4 The Market for Other Factors
of Production: Physical Capital and Land 299
Evidence-Based Economics: Is there
discrimination in the labor market? 300
Summary 302
Key Terms 302
Questions 302
Problems 303
Chapter 12: Monopoly 306
12.1 Introducing a New Market
Structure
12.2 Sources of Market Power
Legal Market Power
Natural Market Power
Choice Consequence: Cleaning Up
While Cleaning Up
Control of Key Resources
Economies of Scale
12.3 The Monopolist s Problem
Revenue Curves
Price, Marginal Revenue, and Total Revenue
12.4 Choosing the Optimal Quantity
and Price
Producing the Optimal Quantity
Setting the Optimal Price
How a Monopolist Calculates Profits
Does a Monopoly Have a Supply Curve?
12.5 The Broken Invisible Hand:
The Cost of Monopoly
12.6 Restoring Efficiency
Three Degrees of Price Discrimination
Letting the Data Speak: Third-Degree Price
Discrimination in Action
12.7 Government Policy Toward
Monopoly
The Microsoft Case
Price Regulation
Evidence-Based Economics: Can a
monopoly ever be good for society?
Summary
Key Terms
Questions
Problems
307
308
308
309
309
310
310
311
312
314
316
316
316
318
318
319
320
321
323
324
324
325
326
328
328
328
329
Chapter 13: Game Theory
and Strategic Play 332
13.1 Simultaneous Move Games 333
Best Responses and the Prisoners’ Dilemma 334
Dominant Strategies and Dominant Strategy
Equilibrium 335
Games without Dominant Strategies 335
13.2 Nash Equilibrium 337
Finding a Nash Equilibrium 338
Choice Consequence: Work or Surf? 339
13.3 Applications of Nash Equilibria 340
Tragedy of the Commons Revisited 340
Zero-Sum Games 341
13.4 How Do People Actually Play
Such Games? 342
Game Theory in Penalty Kicks 342
13.5 Extensive-Form Games 343
Backward Induction 344
First-Mover Advantage. Commitment,
and Vengeance 345
Evidence-Based Economics: Is there
value in piitting yourself into someone
else s shoes? 346
Choice Consequence: There is More
to Life than Money 349
Summary 349
Key Terms 349
Questions 350
Problems 350
Chapter 14: Oligopoly
and Monopolistic Competition 354
14.1 Two More Market Structures 355
14.2 Oligopoly 356
The Oligopolist’s Problem 357
Oligopoly Mode! with Homogeneous Products 357
Doing the Best You Can: How Should You
Price to Maximize Profits? 358
Oligopoly Model with Differentiated Products 359
Leiting the Dam Speak: Airline Price Wars 361
Collusion: One Way to Keep Prices High 361
Leiilnu the Data Speak: To Cheat or Not
to Cheat: That 1 the Question 363
Choice Consequence: Collusion in Practice 364
14.3 Monopolistic Competition 364
The Monopolistic Competitor s Problem 364
Doing the Best You Can: How a Monopolistic
Competitor Maximizes Profits 365
Letrina the Data Speak: Why Do Some Firms
Advertise and Some Don’t? 366
How a Monopolistic Competitor Calculates
Protits 366
Long-Run Equilibrium in a Monopolistically
Competitive Industry 367
14.4 The Broken Invisible Hand 369
Regulating Market Power 370
14.5 Summing Up: Four Market Structures 371
Evidence-Based Economies: How many firms
are necessary to make a market competitive? 372
Summary 375
Key Terms 375
Questions 375
Problems 376
Chapter 15: Trade-offs Involving
Time and Risk 380
15.1 Modeling Time and Risk 381
15.2 The Time Value of Money 382
Future Value and the Compounding of Interest 382
Borrowing Versus Lending 384
Present Value and Discounting 385
15.3 Time Preferences 387
Time Discounting 387
Preference Reversals 388
Cimice Consequence: Failing to Anticipate
Preference Reversals 389
Lvkknee-Based Economics: Do people
exhibit a preference for immediate gratification? 389
15.4 Probability and Risk 390
Roulette Wheels and Probabilities 390
Independence and the Gambler’s Fallacy 391
Expected Value 392
C hoice Consequence: Is Gambling
Worthwhile? 393
Extended Warranties 393
15.5 Risk Preferences 394
Summary 395
Key Terms 396
Questions 396
Problems 396
Chapter 16 The Economics
of Information 398
16.1 Asymmetric Information 399
Hidden Characteristics: Adverse Selection
in the Used Car Market 400
Hidden Characteristics: Adverse Selection
in the Health Insurance Market 401
Market Solutions to Adverse Selection:
Signaling 402
Contents 15
Choia՛ Consequence: Are You Sending
a Signal Right Now? 403
1a ¡deuce-Based Economics: Why do new
ears lose considerable value the minute they
are driven off the lot? 403
Choice ( onsequence: A Tale of a Tail 405
16.2 Hidden Actions: Markets with
Moral Hazard 405
Celling the Data Speak: Moral Hazard
on Your Bike 406
Market Solutions to Moral Hazard in the Labor
Market: Efficiency Wages 406
Market Solutions to Moral Hazard in the Insurance
Market: Putting Your Skin in the Game 407
Celling the Data Speak: Designing Incentives
for Teachers 408
Evidence-Based Economics: Why is private
health insurance so expensive? 409
16.3 Government Policy in a World
of Asymmetric Information 410
Government Intervention and Moral Hazard 41J
The Equity-Efiieieney Trade-off 411
Crime and Punishment as a Principal-Agent
Problem 411
Letting the Data Speak: Moral Hazard
Among Job Seekers 412
Summary 413
Key Terms 413
Questions 413
Problems 414
Chapter 17: Auctions
and Bargaining 416
17.1 Auctions 417
Types of Auctions 419
Open-Outcry Engl Lsh Auctions 419
Letting the Data Speak: To Snipe
or Not to Snipe? 420
Open-Outcry Dutch Auctions 421
Sealed Bid: First-Price Auction 422
Sealed Bid: Second-Price Auction 423
The Revenue Equivalence Theorem 425
IT idcnce-Based Economics: How should
you bid in an eBay auction? 426
17.2 Bargaining 427
What Determines Bargaining Outcomes? 427
Bargaining in Action: The Ultimatum Game 428
Bargaining and the Coase Theorem 430
I a idenee-Based Economics: Who determines
how the household spends its money? 431
Letting the Data Speak: Sex Ratios Change
Bargaining Pow er Too 433
Summary 433
Key Terms 433
Questions 433
Problems 434
Chapter 18.* Social Economies 436
18.1 The Economics of Charity
and Fairness 437
The Economics of Charity 437
Letting the Data Speak: Do People Donate
Less When It s Costlier to Give? 439
Letting the Data Speak: Why Do People
Give to Charity? 440
The Economics of Fairness 441
Letting the Data Speak: Dictators in the Lab 444
Evidence-Based Economics: Do people
care about fairness? 444
18.2 The Economics of Trust and Revenge 446
The Economics of Trust 447
The Economics of Revenge 448
Choice Consequence: Does Revenge
Have an Evolutionary Logic? 450
18.3 How Others Influence Our Decisions 450
Where Do Our Preferences Come From? 450
The Economics of Peer Effects 450
Letting the Data Speak: Is Economics
Bad for You? 451
Following the Crowd: Herding 452
Letting the Data Speak: Your Peers
Affect Your Waistline 453
Choice Consequence: Are You an Internet
Explorer? 454
Summary 454
Key Terms 454
Questions 455
Problems 455
Endnotes 459
Glossary 463
Credits 471
Index 473
CHAPTERS ON THE WEB
Web chapters are available on MyEconLab.
WEB Chapter 1 Financial Decision Making
WEB Chapter 2 Economics of Life. Health.
and the Environment
WEB Chapter 3 Political Economy
16 r ontentS
|
| any_adam_object | 1 |
| author | Acemoglu, Daron 1967- Laibson, David I. 1966- List, John A. 1968- |
| author_GND | (DE-588)124929575 (DE-588)128782226 (DE-588)124330827 |
| author_facet | Acemoglu, Daron 1967- Laibson, David I. 1966- List, John A. 1968- |
| author_role | aut aut aut |
| author_sort | Acemoglu, Daron 1967- |
| author_variant | d a da d i l di dil j a l ja jal |
| building | Verbundindex |
| bvnumber | BV042724863 |
| classification_rvk | QC 100 |
| ctrlnum | (OCoLC)921054470 (DE-599)BVBBV042724863 |
| dewey-full | 338.5 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.5 |
| dewey-search | 338.5 |
| dewey-sort | 3338.5 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | Global edition |
| format | Book |
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| genre | (DE-588)4123623-3 Lehrbuch gnd-content |
| genre_facet | Lehrbuch |
| id | DE-604.BV042724863 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T07:08:15Z |
| institution | BVB |
| isbn | 9781292079578 1292079576 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028155987 |
| oclc_num | 921054470 |
| open_access_boolean | |
| owner | DE-355 DE-BY-UBR DE-188 DE-19 DE-BY-UBM DE-945 DE-739 DE-92 DE-634 DE-1050 DE-1047 |
| owner_facet | DE-355 DE-BY-UBR DE-188 DE-19 DE-BY-UBM DE-945 DE-739 DE-92 DE-634 DE-1050 DE-1047 |
| physical | 483 Seiten Diagramme, Illustrationen |
| publishDate | 2016 |
| publishDateSearch | 2016 |
| publishDateSort | 2016 |
| publisher | Pearson |
| record_format | marc |
| series2 | The Pearson series in economics Always learning |
| spelling | Acemoglu, Daron 1967- (DE-588)124929575 aut Microeconomics Daron Acemoglu (Massachusetts Institute of Technology), David Laibson (Harvard University), John A. List (University of Chicago) Global edition Boston ; Munich Pearson [2016] © 2016 483 Seiten Diagramme, Illustrationen txt rdacontent n rdamedia nc rdacarrier The Pearson series in economics Always learning Economics Wirtschaft Mikroökonomie (DE-588)4039225-9 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Mikroökonomie (DE-588)4039225-9 s DE-604 Laibson, David I. 1966- (DE-588)128782226 aut List, John A. 1968- (DE-588)124330827 aut Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028155987&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Acemoglu, Daron 1967- Laibson, David I. 1966- List, John A. 1968- Microeconomics Economics Wirtschaft Mikroökonomie (DE-588)4039225-9 gnd |
| subject_GND | (DE-588)4039225-9 (DE-588)4123623-3 |
| title | Microeconomics |
| title_auth | Microeconomics |
| title_exact_search | Microeconomics |
| title_full | Microeconomics Daron Acemoglu (Massachusetts Institute of Technology), David Laibson (Harvard University), John A. List (University of Chicago) |
| title_fullStr | Microeconomics Daron Acemoglu (Massachusetts Institute of Technology), David Laibson (Harvard University), John A. List (University of Chicago) |
| title_full_unstemmed | Microeconomics Daron Acemoglu (Massachusetts Institute of Technology), David Laibson (Harvard University), John A. List (University of Chicago) |
| title_short | Microeconomics |
| title_sort | microeconomics |
| topic | Economics Wirtschaft Mikroökonomie (DE-588)4039225-9 gnd |
| topic_facet | Economics Wirtschaft Mikroökonomie Lehrbuch |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028155987&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT acemogludaron microeconomics AT laibsondavidi microeconomics AT listjohna microeconomics |