Microeconomics: Improve Your World (3rd Edition)
 
ISBN: 9781260521078
 
Overview :
 
Microeconomics: Improve Your World by Dean Karlan and Jonathan Morduch is built around the central idea that economics is a powerful tool students can use to make meaningful changes in their lives and the world. The 3rd edition draws students in with relatable examples and contemporary issues, helping them develop economic intuition and apply it to real-life situations.
This edition offers a balanced approach, equipping students to analyze data and evidence behind economic effects, encouraging them to see economics as a lens through which they can view and respond to the world around them. Karlan and Morduch challenge students to consider how they will use their economic knowledge to improve their world.
In addition to covering core economic concepts, this edition introduces new ideas from areas such as finance, behavioral economics, and political economy. The content bridges the gap between classroom theory and real-world application, driven by empirical evidence, data, and research. This approach shows students that economics can be a tool for personal growth, as well as for promoting better public and business policies globally.
 
 
Table of Contents:
 
1. Economics and Life
2. Specialization and Exchange
3. Markets
4. Elasticity
5. Efficiency
6. Government Intervention
7. Consumer Behavior
8. Behavioral Economics: A Closer Look at Decision Making
9. Game Theory and Strategic Thinking
10. Information
11. Time and Uncertainty
12. The Costs of Production
13. Perfect Competition
14. Monopoly
15. Monopolistic Competition and Oligopoly
16. The Facts of Production
17. International Trade
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