Microeconomics (5th Edition)

Author: Robert S. Pindyck
Publisher:
Publish Date: 2003-02-01
Features: Both authors of this book are renowned economists, and many of the cases are drawn from the content of economics research papers, making the book well-supported and reasoned. This is another feature of the book. At the end of each chapter, review questions and exercises are provided, and answers to some of the exercises are available at the end of the book. It is suitable for undergraduate or graduate students majoring in economics and management as a microeconomics textbook, or as a management economics textbook for Master of Business Administration (MBA) students. The book can also be used as a reference book for economics and management teachers and researchers. It is a mid-level microeconomics textbook widely adopted by many famous universities in the United States. Its first feature is comprehensive content, which includes traditional microeconomics topics such as consumer behavior and demand theory, producer behavior and supply theory, general equilibrium theory, etc., as well as the latest research findings in microeconomics over the past dozen years, such as game theory, information economics, etc. It is particularly worth mentioning that the 5th edition has added content on auction theory, which is rarely found in general microeconomics textbooks. The second feature of the book is its well-organized content and clear, easy-to-understand explanations, making it highly beneficial for readers. The third feature is the close connection between theory and practice, with over 100 specific case studies interspersed throughout the book to help readers digest and understand economic theories. Both authors of this book are renowned economists, and many of the cases are drawn from the content of economics research papers, making the book well-supported and reasoned. This is another feature of the book. At the end of each chapter, review questions and exercises are provided, and answers to some of the exercises are available at the end of the book.
Author Bio: Robert S. Pindyck is the Mitsubishi Bank Professor in Economics and Finance at the Sloan School of Management at M.I.T. He is also a Research Associate of the National Bureau of Economic Research, 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 microeconomics 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 Rubinfeld of Econometric Models and Economic Forecasts, a best-selling textbook that may or may not be turned into a feature film.