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For courses in Principles of Economics
Acemoglu, Laibson, List: An evidence-based approach to economics
Throughout Economics, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help students 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. Each chapter begins with an empirical question that is later answered using data in the Evidence-Based Economics feature. As a result of the text’s practical emphasis, students will learn to apply economic principles to guide the decisions they make in their own lives.
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Table of Contents
Part I Introduction to Economics
Chapter 1: The Principles and Practice of Economics
Chapter 2: Economic Methods and Economic Questions
Chapter 3: Optimization: Doing the Best You Can
Chapter 4: Demand, Supply, and Equilibrium
Part II Foundations of Microeconomics
Chapter 5: Consumers and Incentives
Chapter 6: Sellers and Incentives
Chapter 7: Perfect Competition and the Invisible Hand
Chapter 8: Trade
Chapter 9: Externalities and Public Goods
Chapter 10: The Government in the Economy: Taxation and Regulation
Chapter 11: Markets for Factors of Production
Part IV Extending the Microeconomic Toolbox
Chapter 15: Trade-offs Involving Time and Risk
Chapter 16: The Economics of Information
Chapter 17: Auctions and Bargaining
Chapter 18: Social Economics
Part V Introduction to Macroeconomics
Chapter 19: The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
Chapter 20: Aggregate Incomes
Part VI Long-run Growth and Development
Chapter 21: Economic Growth
Chapter 22: Why Isn’t the Whole World Developed?
Part VII Equilibrium in the Macroeconomy
Chapter 23: Employment and Unemployment
Chapter 24: Credit Markets
Chapter 25: The Monetary System
Part VIII Short-Run Fluctuations and Macroeconomic Policy
Chapter 26: Short-Run Fluctuations
Chapter 27: Countercyclical Macroeconomic Policy
Part IX Macroeconomics in a Global Economy
Chapter 28: Macroeconomics and International Trade
Chapter 29: Open Economy Macroeconomics