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Microeconomics [Hardcover]

Robert S. Pindyck , Daniel L. Rubinfeld
3.6 out of 5 stars  See all reviews (9 customer reviews)
Price: CDN$ 116.95 & FREE Shipping. Details
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Microeconomics (8th Edition) Microeconomics (8th Edition) 3.0 out of 5 stars (1)
CDN$ 172.59
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Book Description

July 27 2000 0130165832 978-0130165831 5
For courses in intermediate microeconomics, microeconomic theory, price theory, and managerial economics.
The market leader in Intermediate Microeconomics, the book is well known for its coverage of modern topics (Game theory, Economics of Information), clarity of its writing style and graphs, and integrated use of real world examples. The book is used in both economics departments and business schools and is well received for its applied nature. The emphasis on relevance and application to both managerial and public-policy decision making are focused goals of the book. It succeeds in showing how microeconomics can be used as a tool for decision making.

Features and Benefits

NEW-Completely updated examples.
Provides the most current data and information relating to the subject highlighted in the example.
NEW-New Examples from current industries—Integrated throughout the text including Internet and pharmaceutical industries.
Provides examples of newer industries which will help peak the interest of today's students.
NEW-Running Glossary.
Allows students to reconfirm vocabulary and get a handle on industry-specific terminology.
NEW-Concepts Links.
Featured in corresponding margins of the text, students are provided with a clear, concise reference point for quick key-concept summaries.
NEW-Revised Chapters-The first eight chapters of the book were rewritten to make the text clearer, more accessible and more interesting. A more detailed discussion of supply and demand (Chapter 2). New Material on Cost (Chapter 8) reflects current theories in principle and application. Chapter 13 (Game Theory) now includes more modern examples such as auctions.
Cornerstone Features
Applied approach-Emphasized through the integration of numerous real-world examples.
This text incorporates over 100 specific examples into the flow of the text, rather than as segregated boxed features, which highlight the application of microeconomics to real events around the world.
Provides the most current issues throughout the text-With examples like United States v. Microsoft, Pricing Cellular Phone Service, and Internet Auctions.
Keeps the text interesting and up-to-date and allows students to see how microeconomics is used in the real-world.
Clear and colorful graphs-Incorporated throughout each chapter.
These visual aids summarize key concepts in easy-to-understand images.

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Product Details

Product Description

From the Back Cover

This well-received book is a market leader in the field of Microeconomics, and demonstrates how microeconomics can be used as a tool for both managerial and public-policy decision making. Clear writing style and graphs compliment the integrated use of current, real world industry examples throughout the book. It emphasizes relevance and application to cover modern topics—such as Game Theory and economics of information—and examples—such as United States v. Microsoft, pricing cellular phone service, and Internet auctions. Coverage of other up-to-date issues includes supply and demand, cost, consumer behavior, individual and market demand, market failure, and the role of government. For individuals with an interest in economics, microeconomic theory, and price theory.

About the Author

ROBERT S. PINDYCK is the Mitsubishi Bank Professor in Economics and Finance in the Sloan School of Management at M.I.T. He is also a Research Associate of the National Bureau of Economic Research, and a Fellow of the Econometric Society, and has been a Visiting Professor of Economics at Tel-Aviv University. He received his Ph.D. in Economics from M.I.T. in 1971. Professor Pindyck's research and writing have covered a variety of topics in micro economics and industrial organization, including the effects of uncertainty on firm behavior and market structure, determinants of market power, the behavior of natural resource, commodity, and financial markets, and criteria for investment decisions. He has been a consultant to a number of public and private organizations, and is currently co-editor of The Review of Economics and Statistics. He is also the co-author with Daniel Rubinfield of Econometric Models and Economic Forecasts, a best-selling textbook that may or may not be turned into a feature film.

DANIEL L. RUBINFELD is Robert L. Bridges Professor of Law and Professor of Economics at the University of California, Berkeley. He taught previously at Suffolk University, Wellesley College, and the University of Michigan, and served from June 1997 through December 1998 as Deputy Assistant Attorney General for Antitrust in the U.S. Department of Justice. He has been a Fellow at the National Bureau of Economic Research, the Center for Advanced Study in the Behavioral Sciences, and the John Simon Guggenheim Foundation. He received a BA in mathematics from Princeton University in 1967 and a Ph.D. in Economics from M.I.T. in 1972. Professor Rubinfeld is the author of a variety of articles relating to competition policy, law and economics, law and statistics, and public economics. He is currently co-editor of the International Review of Law and Economics, and has served as Associate Dean and Chair of the Jurisprudence and Social Policy Program at Berkeley from 1987-1990 and 1999-2000. He is the co-author (with Robert Pindyck) of Econometric Models and Economic Forecasts, and expects to play the lead in the film version of the book.

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Customer Reviews

Most helpful customer reviews
I've used this book in an intermediate micro course at Berkeley, and I have to say that this is one of the best written economics books I've read. One of its greatest advantages is the clarity of explanation and abundance of visual aid such as graphs and tables throughout the book to support the material. The graphs get a bit complicated towards the last chapters, but that's only because the material that needs to be illustrated through those graphs gets complicated as well.
Second, even though I've had extensive economics background, the book could be suitable for beginners. The first two chapters give a concise overview of a basic Econ 1 course, explaining the basics of supply and demand, market structure, etc. - everything a person with little economics background needs to know to be able to understand this book. However, if you find this book to simple for you, keep in mind that Prentice Hall publishes it as "Intermediate Economics" - for use in 2nd or 3rd year in an undergraduate economics program.
Unlike many other econ textbooks I've encountered, this book is neither math-heavy nor theory-heavy - it has a good balance of theoretical information coupled with enough mathematical examples to get the message across. However, many students (and some reviewers on this website) find that there aren't enough examples and exercises (with answers) in the book - for that I'd HIGHLY recommend getting the Student Study Guide. It quickly summarizes each chapter (good for emergency test/quiz studying) and provides plenty of sample problems as it summarizes the concepts. It also includes a quick chapter quiz and gives the solutions to all problems found in the Study Guide.
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1 of 1 people found the following review helpful
3.0 out of 5 stars you might not need the newest one Oct. 4 2007
I had a copy of this book which changed editions between my second and third year. 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 and a few chapters were switched around. The rest was virtually identical. If you don't need to buy it new, don't.
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1.0 out of 5 stars translated from klingon? Dec 22 2003
By A Customer
Perhaps one of the worst written textbooks of all time. The convoluted sentences contain multiple sub clauses and prepositional phrases. The graphs are inadequately labeled and do more to confuse than clarify. Couldn't the publisher at least have hired a Wall Street Journal editor to give it a rewrite? They might as well have printed this in ancient Sumerian. The accompanying study guide reiterates the key topics in plain English, but contains typos. Politically speaking, the book displays a strong libertarian, anti-regulation, anti-worker bias.
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5.0 out of 5 stars A good book for intermediate level students Feb. 1 2004
By SamBK
Organization of the books is good. Topics are discussed with enough clarity and graphs and illustrations are descriing enough. The level of algebra and math is at an intermediate undergraduate level (economics major). I think it is a complete book for anybody who wants to have an understanding of microeconomics. I am a Ph.D. student of economics now and if I am going to teach an undergrad micro course, I will certainly choose this textbook.
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3.0 out of 5 stars Book Review Dec 2 2003
I found this book to have clarity in the major topics of microeconomics which could help you to understand the basics. However this should only be used as basis reading and other books should be used to cover the various topics in more depth, such as Koutsoyanis and others which give more insight on specific topics. All in all it is a good solid core text book which can give you the basic knowledge needed in microeconomics.
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