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Microeconomics (7th Edition) [Hardcover]

Robert Pindyck , Daniel Rubinfeld
5.0 out of 5 stars  See all reviews (1 customer review)

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Book Description

June 11 2008 0132080230 978-0132080231 7

KEY BENEFIT: This book is well known for its coverage of modern topics (Game theory, Economics of Information, and Behavioral Economics), clarity of its writing style and graphs, and integrated use of real world examples.

KEY TOPICS: The emphasis on relevance and application to both managerial and public-policy decision-making are focused goals of the book. This emphasis is accomplished by including MANY extended examples that cover such topics as the analysis of demand, cost, and market efficiency; the design of pricing strategies; investment and production decisions; and public policy analysis.

Economists and strategists looking to stay current with economic information.


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Most helpful customer reviews
1 of 1 people found the following review helpful
5.0 out of 5 stars it is really good Feb. 5 2014
Format:Hardcover|Verified Purchase
the quality of this book is good and clean, almost new. NO scribbles. it deserves its price. I like it
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Amazon.com: 3.8 out of 5 stars  46 reviews
27 of 28 people found the following review helpful
2.0 out of 5 stars Gaps in conceptual explanations: not for the intelligent reader Sept. 20 2008
By Agyaat - Published on Amazon.com
Format:Hardcover
I currently use this book to teach at the University of Michigan. (I chose it because it's what has been used here before.) The book is written in an accessible, reader-friendly style. It has many examples and pictures, which make it attractive -- a feature, I suppose, that is necessary to hold an undergrad's attention in these times we live in.

But what annoys me is the absence of conceptual rigor/detail and the sudden jumps in explanation. I want my students to be able to see what is going on and appreciate the simple elegant logic of microeconomic theory. Instead the book reads like it's delivering information to you, but isn't really explaining why it makes sense.

Here's an example. In Section 4.2 on Income and Substitution Effects, the effect of a price change is decomposed into income and substitution effects using constant utility. But as many of us know, there's an alternative way to do this too, which is holding purchasing power constant. For some reason that approach isn't mentioned. Instead, the text reads as though we were interested in the constant purchasing power approach, but then suddenly switches to a constant utility approach by saying "This substitution is marked by a movement along an indifference curve." But why? Wouldn't any intelligent student at this point start wondering how we went from purchasing power to utility? Flip back to Section 4.1 and find that the word utility has been quietly introduced there in a sentence that's in parentheses: "(Because the price of food has risen, the consumer's purchasing power -- and thus attainable utility -- has fallen.)"

Pooh. I don't like books that sneak important ideas into parentheses in order to avoid answering the all important question -- i.e. "Why?"
16 of 16 people found the following review helpful
4.0 out of 5 stars Not the same as the International Version Nov. 18 2009
By AnneC - Published on Amazon.com
Format:Hardcover
I want to warn anyone buying the international version that the problems are different from the US version.
Also, some of the notation is different (ex. rupees instead of dollars) and some of the examples are different.
If you don't have problems assigned from the book, the international version will work fine.
Many sellers claim that the editions are exactly the same, but they are not!
8 of 9 people found the following review helpful
1.0 out of 5 stars Do not buy Kindle edition. Oct. 12 2010
By Danielle Claseman - Published on Amazon.com
Format:Kindle Edition|Verified Purchase
Textbooks on Kindle are a nightmare. There are no page numbers and content never stays on the same screen twice. When you are told to reference a certain page number it is impossible. Ebooks in pdf form are amazing, but do not think you will have the same level of usability here. Buyers beware- I would highly recommend AGAINST buying textbooks on the Kindle platform. Waste of time and money.
5 of 5 people found the following review helpful
4.0 out of 5 stars Excellent text. Not so much in Kindle form Sept. 26 2010
By H. Sansom - Published on Amazon.com
Format:Kindle Edition|Verified Purchase
I have used this text -- Pindyck/Rubenfeld -- at the professional/graduate school level (that is, not PhD track in economics, but to provide the econ foundation to public policy and work of that sort).

It's an excellent, thorough text. The writing is not as engaging as Mankiw and Pindyck is more math-intensive (which I think is a good thing). Pindyck is, I think, more thorough than Mankiw. And Mankiw most definitely has a distinctly conservative political bent. Most of the excerpt writers in the book are very conservative (George Will, Jeff Jacoby). A handful of liberals are offered -- just a handful (Krugman). And Mankiw's characterization of a number of issues is conservative.

By contrast, Pindyck/Rubenfeld is far better balanced and far more rigorous.

The catch with the Kindle edition is that nearly all of the great layout and typesetting of the print edition is gone. Simple things like paragraph indents are gone, making straight reading more difficult. Type treatment (head/subhead, sans-serif, serif) is mostly gone. Color treatments to aid navigation of the text is gone.

So why does the Kindle edition cost $90 when the full print edition costs $135? 67% of the cost for 45% of the quality? $90 is a lot to spend just for the convenience of not carrying a large physical book. There are points where the absence of the print edition's formatting several hampers reading and clarity. Why? File size? And the fact that the Kindle is black and white?
7 of 8 people found the following review helpful
2.0 out of 5 stars You might not need the newest edition May 15 2010
By expat cantab - Published on Amazon.com
Format:Hardcover
I had a copy of this book which changed editions between my second and third year of university. I went to the library and compared the old and new editions, and out of the entire 600 pages, only SIX pages had new content. Three chapters had been re-ordered. The rest of the book was identical. If you don't need to buy it new, don't, and save the $100. Intermediate microeconomics doesn't change that much in 3 years.
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