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Product Description

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.

Customer Reviews:

• Puzzled...
  If you have to purchase it for your class - sure, go for it, however, I would never recommend it a bedside reading for people interested in microeconomics - the content is very dry and puzzling at times......more info
• Great book, AS AN INTRODUCTION
  This book is truly a good book. It goes through all major areas of microeconomics in a very fathomable fashion. The point is that this book is introductory in my opinion, and when reviewed as such, I find it to be very good.
  The illustrations and explanations are good, the use of examples and tying the theory to real-world occurences makes the subject matter easy to grasp.
  The only gripe I have with this book is that it should indeed carry a little more calculus for precision. Having it in appendixes is actually a good idea in my opinion, but those should explain the math needed a little better, and the book itself should also explain a little more clearly that the approach of the book is a simplification of what they'll find in intermediate/advanced texts on the subject, math/calculus is unavoidable.
  Anyway, if you have the time and find calculus to be a bit rough, use this book, it'll teach you the basics. If you already know som calculus and words like "Lagrange" doesn't scare the hell out of you, get something a bit more advanced, as you will need that later anyway. Frank Cowell's book on the subject is very much reccomended if you're good at the basics and know a little Microeconomic theory already....more info
• Good book for Microecon
  I used this in NYU's Stern School of business for a basic microeconomics course. It was good covering the basics....more info
• Awesome Pricing!
  Brand new book, awesome pricing, and excellent delivery time. Perfect alternative to buying over-priced books at your College Student Store. This was about $50 less even including tax and s&h....more info
• Book Review
  Very good item. Item was shipped fast and the detailed description was an exact match. A++...more info
• Unneccessarily Long
  This textbook takes microeconomics which can be explained in a technical, exact manner and makes it abstract and foreign.
  
  This textbook's sentences run-on and lose their direction, confusing the reader...If a reader had a firm understanding of economics prior to this textbook, after reading it, it is certain that they will no longer have the understanding of economics, that they did previously.
  
  It is a travestly when a textbook designed to teach the reader about a certain subject, actually makes them less knowledgeable of the subject.
  
  I must also ask why it is being used to teach university students in different years and programs, when it should not be, for example in my university it is being taught in the following programs
  
  IBBA - Year 1
  BBA - Year 2
  BAS - Year 3
  MBA - Year 1...more info
• within my expectation
  It arrived on time and the condition is just what I expected from the description online....more info
• EC 301 Intermediate Micro
  Easy to read, at least more so than accounting. If you can afford it, buy it....more info
• Good concepts, horrible mechanics
  Explains the concepts well regarding microecon (at the intermediate level). However the MAJOR thing this book lacks are examples of the computations. The end of chapter problems are difficult without clear and concise example, it's almost like the two authors agreed to write the book but never consulted eachother until the end.
  
  The book doesn't show how to solve the problems sets, the appendices are slim and ineffective.
  
  Very poor book, find another microecon book with better examples for your class!...more info
• Good intro to the subject, not for in-depth analysis
  I used the 6th Edition in my executive MBA class at Wharton. It is a good book if you are looking for an introductory level description of the subject. The authors did a great job explaining the intuitions behind the concepts and effectively used graphs as an illustration tool. Authors took the effort to link key definitions back to where they were first introduced throughout the book. I found it very useful, whenever I am not so sure about the definition, I could easily go back to the original discussion to remind myself. The cases used in the book help to ground the theoretical discussions in economical reality. I enjoyed most of them.
  However, this book is not for readers looking for advanced rigorous treatment of the subject. The mathematical treatment is very basic -- no differential equation is used in the analysis. All of the supply and demand curves are assumed to be linear. These choices do not necessarily represent a comprmise in learning as long as the readers know what the book has to offered....more info
• Pindyck's textbook needs more solved problems
  This text uses clearly-written definitions and lots of colorful charts. However, it is missing a crucial element for learning the subject of microeconomics: lots of problems worked out in a clear and systematic manner. I had to buy a Schaum's guide to make up for this deficiency....more info
• Gaps in conceptual explanations: not for the intelligent reader
  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?"
  
  ...more info
• great
  book arrived a little late but it was due to post office damaging the package - not the sender's fault. book is in great condition, just as described. not the best econ text book ever but it's what I needed for my course....more info
• Microeconomics Study Guide
  Smooth process of ordering and receiving the book. No problems.
  As far as the material in the book is concerned, it is a great overview of key concepts at a basic level. One drawback is the lack of practice problems on transfer pricing....more info
• microeconomics
  The product arrived at the expected day and in great condition. I am pleased with the purchase....more info