Ebook Free Modern Principles: Microeconomics (Loose Leaf), by Tyler Cowen, Alex Tabarrok
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Modern Principles: Microeconomics (Loose Leaf), by Tyler Cowen, Alex Tabarrok
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From the authors:
There's a common view that "all micro texts are the same," but we believe that innovation is possible!� We offer a whole chapter on incentive design, with many business and real world applications from choosing salaries or piece rates to setting up an ideal tournament.� Business applications are also extensive in our chapter on price discrimination, which covers tying and bundling as well as direct price discrimination.� We cover political economy extensively and also have a whole chapter on normative judgments; it covers the assumptions behind cost-benefit analysis, the idea of a Pareto improvement, and the different ethical judgments that have been used to praise or condemn economic reasoning.� �We knew that our efforts to reflect modern microeconomics would be wasted if we reached only a small percentage of the students. We had to make the material simpler, more compelling, and more intuitive. We had to bring economic reasoning to life.�We also knew that we were writing for a generation that doesn't always have the patience for slow delivery.� We had to get to the point.�Those are just some of the reasons why we call our text Modern Principles: Microeconomics.� We have taken modern advances in economics and we have integrated them throughout the text. We are unabashedly enthusiastic about economics and we work hard to enthuse students with the economic way of thinking so that they too internalize it for the rest of their lives.� We hope you will see that this text provides the best coverage of what it means to think like an economist.
- Sales Rank: #2541139 in Books
- Brand: Brand: Worth Publishers
- Published on: 2009-10-09
- Original language: English
- Number of items: 1
- Dimensions: 10.90" h x .68" w x 8.34" l, 2.10 pounds
- Binding: Loose Leaf
- 432 pages
- Used Book in Good Condition
Most helpful customer reviews
7 of 7 people found the following review helpful.
Modern Principles: Microeconomics
By student
The book is an easy read with illustrations so that you can understand how to apply the information to "real world".
3 of 3 people found the following review helpful.
As exciting as an econ textbook can be
By ninjawarrior19
This book is well-written and perfect for a high school AP micro class or introductory college course. It is very easy to understand and follow. There are relevant real world examples, a pleasant smattering of humor, and helpful pictures. I have learned econ very well from reading this and have decided to make economics my major!
8 of 11 people found the following review helpful.
a new approach, that's for sure
By Caraculiambro
Here's the author himself writing, touting the virtues this new approach:
"Here are a few of my favorite things Modern Principles:
1. It has the most thorough treatment of the interconnectedness of markets and the importance of the price system; most texts only pay lip service to this.
2. It is the most Hayekian of the texts on micro theory without in any way ignoring the importance of externalities, public goods and other challenges to markets.
3. It has an entire chapter on ethics and economics. We do present economics as a value-free science, yet we all know how much ethics shapes people's economics views. The book helps the student sort out common confusions and explains the ethical presuppositions behind many "economic" arguments.
4. It has an entire chapter on incentives and incentive design (e.g. piece rates, tournaments, pay for performance). Oddly, many micro books do not discuss this crucial topic.
5. International examples--from Algeria to Zimbabwe--are written into the core of the book and not just ghettoized in a single "international chapter."
6. It is obsessed with the idea of teaching students to think like economists.
7. It is grounded in the belief that reading an economics text should be fun, not a chore.
8. It has balanced coverage of neo-Keynesian and real business cycle approaches.
9. It covers Solow "catch-up" growth, and Paul Romer's increasing returns, much more thoroughly than do the other texts. The macro book (section) starts off with the idea of why growth matters and is central to macroeconomics.
10. The financial crisis was written into the core of the book, rather than being absent or treated as an add-on. This means for instance plenty of coverage of financial intermediation and asset price bubbles.
11. The book's blog, a teaching tool with lots of videos, powerpoints and other ideas for keeping teaching exciting, is lots of fun and updated regularly (FYI, this is a great resource for any instructor of economics.)
In addition, of course, there is a full range of supplements including lecture powerpoints, test banks, student's guide, Aplia support and coming in the fall EconPortal (even better than Aplia, IMHO)."
He's referring throughout, obviously, to the combined edition.
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