Principles of microeconomics second edition

Current research is presented alongside discussion of methodological and substantive controversies. The approach is modern, theoretical, and empirical, and shared by most active economists. Institutional and legal settings are described in detail, and the links between economic analysis and current political issues are emphasized.

This Global Edition has been adapted to meet the needs of courses outside of the United States and does not align with the instructor and student resources available with the US edition. A Book by Steven A. Greenlaw,David Shapiro,Timothy Taylor. A Book by Edwin Mansfield. Greenlaw,David Shapiro. A Book by Mateer. A Book by David R. A Book by Deepashree. A Book by Joshua Gans,N. Gregory Mankiw,Stephen King. Laibson,John A. A Book by Tyler Cowen.

A Book by Lee Coppock,G. Dirk Mateer. Greenlaw,Timothy Taylor,David Shapiro. Study Resources. Log In. Buy this textbook Buy launch. View More Textbook Editions. Section Chapter Questions. Problem 1QR. Problem 2QR. Problem 3QR. Problem 4QR. Problem 1SP. Problem 2SP. Problem 3SP. Problem 4SP. Problem 5SP. Problem 6SP. Problem 7SP. Problem 8SP. Book Details Mateer and Coppock's approach teaches economic decision-making with applications that students will remember.

This principles textbook covers all areas generally taught in a principles of microeconomics course as well as including chapters on social welfare and behavioral economics. Theories are thoughtfully presented and easy to read with many examples Theories are thoughtfully presented and easy to read with many examples that students will enjoy reading about.

All information appears to be accurately presented and covers many subjects that might be considered controversial but are explained in a neutral, unbiased manner. There are plenty of examples of companies and policies that are current, However, a number of the tables offered need to be updated with current statistics. Many end in or before. By early on offering the availability of the FRED website students will be able to take the tables used in the text and update the information to make it more relevant.

This textbook is extremely well written and clearly explains the topics offered. Students will find the readings easy to follow. A great framework for presenting the material. Each chapter gives an overview of the material then proceeds to follow that outline step by step. Each chapter ends with a glossary of terms used for easy reference and questions that are thought provoking. However, I found some of the graphs difficult to follow as they are one color and not bold enough to present a clear understanding of the graphical presentation.

Found that the switch back and forth between linear and non linear graphs might be somewhat confusing for the students. This textbook will be easy to divide into sections that can be brought forward or pushed back as you organize your class structure. I found the position of some chapters very curious. I would have talked about elasticity before government involvement and international trade much earlier when looking at consumer and producer surplus.

As mentioned above the only complaint I have is the presentation of the graphs. They need to be bolder and more consistent in shape. This textbook can easily be adapted to cover any topic covered in a Principles of Microeconomics course.

The textbook covers all of the sections that are expected for a principles class. Further extensions into financial markets, income inequality, and political economy are covered well. There is a nice index with links to the appropriate pages, Comprehensiveness rating: 3 see less. There is a nice index with links to the appropriate pages, however there is no glossary with all of the key terms and definitions in one place; instead they are presented at the end of each chapter which could potentially make them difficult to find.

A drawback of the way the material is presented is that trade is covered in the last two chapters; the concept of comparative advantage and the gains from trade are fundamental reasons that markets form and should thus be covered much earlier. Further, the authors introduce consumer, producer, and social surplus but neglect to tie these concepts to deadweight loss and market inefficiencies in subsequent chapters. The graphs and diagrams are for the most part high-quality and accurate.

There are some specific instances, for example the chapter on externalities, where the graphs presented don't flow with the material as well as they could. In the chapter on externalities the graphs do not clearly show that the social cost curve lies above the private supply curve as a result of the size of the externality. Otherwise, in the examples, clear it up, and bring it home sections material is presented well and in a non-biased manner.

The base content is up-to-date and in general the content taught in a standard principles class will not change frequently. Some of the examples and policy applications are somewhat out-of-date. For example, one example concerns Netflix charging for streaming and DVD rentals, which most college students won't really connect with as they don't consume DVDs anymore. Any economics textbook will have to deal with this dilemma and new editions and updates are straightforward; however, this book may be out of date within two or three years.

The text is well-written and easy to follow. Each chapter is structured well so that it is clear what topics are covered in which sections and the flow is sensible. The biggest issue I find is that some of the graphs and diagrams do not always align smoothly with the text that discusses the associated concepts.

Terminology and the flow of each chapter is consistent with each other. As mentioned previously there are some concepts that could easily be linked across chapters. The authors are consistent in that this content does not appear and disappear readily. The book is modular. As noted earlier it may be very beneficial to in fact go out of order, for example, by teaching chapter 19 early in the course and linking this content to the production possibilities frontier and why markets form.

Within chapters the introduction clearly lays out what is covered in each section and sections can easily be re-ordered or skipped.

Within chapters the content is well-organized, has a clear logical flow and hard-to-digest concepts are properly built and presented. As mentioned earlier, I would re-order some of the chapters if using this book to teach my class. The textbook has several hyperlinks and qr codes that function properly. There are no noticeable distortions or errors that prevent delivery of the textbook content. Economics generally can tackle questions that are divisive and some of the topics in the book should be treated with care if presented in class.

Having pointed that out, the authors are very objective in presenting these examples, applications, and concepts in a way that is unoffensive and culturally relevant. This textbook not only covers the major content for principles level class, but also introduces chapters related to industrial organization, labor economics, environmental economics and international trade.

The index is hyperlinked, which is The index is hyperlinked, which is useful and efficient to locate the chapter accurately. Each chapter begins with a real world economic example or question in "Bring it Home" section, and it also ends with a detail explanations related to the examples or questions in "Bring it Home". This layout is efficient and helpful for students to catch up the application of the chapter content.

Key terms, concepts and summary at the end of each chapter are also useful to help student better catch the main points. The content is accurate. However, I want to point out that the graphs in Chapter 3 are little bit messy, especially on Page The students might be confused to see the graph at the first time. In my opinion, it might be not necessary to put all the dots on the graph, and the numbers of arrows are more than needed.

And this also shows on Page 48 and You have already shown the demand schedule and supply schedule in tables, it might be much clearer to show two dots on the graph to explain how to draw the curves. The textbook begins with a question to Facebook, which and catch students' attentions as they use it often.

And this question can also make student realize that Economics is everywhere. I think the book content is up-to-date and policy relevant. For example, Chapter 12 introduces the environmental protection, and it uses the example of bottle bills, which is what we need to pay in Oregon.

Therefore, it might be interesting to encourage my students' engagement to discuss it. Overall, the text is written in lucid and accessible prose. But I still want to point out the layout of Chapter 3.

It might be better to move Figure 3. At the end of Page 51, it might be better to move the title 3. Too many pairs of price and quantity in graphs of Chapter 3 might be a little bit messy.

There are 20 chapters in this textbook. I think it might be a little bit more than my students. For example, after Chapter 3, the authors add Chapter 4 which mainly focuses the policy application of Chapter 3. And there are also some contents, such as Minimum Wage, repeating in Chapter Chapter 12 and Chapter 13 introduce the negative and positive externalities, and it might be better to combine these two chapters into one chapter. Each chapter is well organized. I like the "Introduction" at the beginning of each chapter.

It highlights the questions needed to understand and gives me a guideline to go through the content. Download the textbook online is easy and the hyperlinks and QR codes in "Link It Up" section work well. As an instructor to community college students, I think the content of this textbook is up-to-date and easy to go through. However, for microeconomics, I think 20 chapters might be more for my students. For the section of "Link-It-Up", it might be better to put more video less than 4 mins to catch students' attention and improve their engagement.

I find the book very comprehensive. Comparing with some of the leading published textbooks the coverage and depth are both comparable. Perhaps the section on Oligopoly could be expanded a bit with a few more examples. Nicely organized, though I would have had a better demarcation between monopolistic competition and oligopoly. The book's interface is a little less attractive than some of the textbooks from traditional publishers.

It is by no means bad, but students used to current levels of gloss might find the interface a bit drab.

However, this has more to do with superficial presentation techniques than with real factors associated with learning.

The less expense might make students more amenable to forgoing the catchiness of the product. It is a book that is thoughtful and comprehensive. It can compete on an equal footing with textbooks offered by traditional commercial publishers. The textbook covers most of the intro-level standard microeconomic materials and provides students a relatively full picture of the microeconomic landscape with real-world examples.

I do hope it can incorporate more heterodox and historical I do hope it can incorporate more heterodox and historical perspectives and research, so students can be exposed to the arguments and contribution made by Institutionalists, Marxists, etc on a variety of topics in microeconomics and get the impression that many theories and issues are debatable and many terms have a historical context.

I did use a real-world micro reader as a complementary text in teaching. It's a quite standard intro-level microeconomics textbook. The mainstream interpretation in microeconomics is accurate. The text is written in lucid, accessible prose. It may be better to include more real-world examples, debates, and data, so students can feel more involved, especially on issues directly related with a college campus, such as a tobacco ban, contingent labor form, and student debt.

I was not able to teach the entire book in one semester, so a few later chapters were skipped, but students had no problem to do the readings. Given the high price of other standard non-open source textbooks, I think this textbook does a fairly good job as a substitute. This OER text offers readers a comprehensive breadth of topics from an introductory standard microeconomics perspective. Content is accurate and error-free.

The book is biased toward an assessment of economic outcomes from market approaches and fairly free-market driven processes. Early in their careers, young aspiring economists ought to be exposed to an understanding of the enclosure of the commons and the overriding importance of alternative property regimes. Principles of Microeconomics, p. Content is up-to-date and policy-relevant. The relevance may improve should alternative policy examples be included in areas such as international migration; forced migration due to global climate change, a juxtaposition of views surrounding controversial economic theories or themes related to microeconomics i.

Prose is clear. Use of jargons and techncal terminology is limited. Although diagrams may seem a bit convoluted at first sight. Authors may removing so many quantity,price numbered pairs, particularly under chapter 3: Demand and Supply. Modularitty is evident from the beginning of the text, as authors offer alternate sequencing.

Also, more advanced topics may be read and discussed without significant prior knowledge in microeconomics. The text's interface is also fairly nimble. Navigation online or on downloaded PDF version is smooth. Text may offer cultural or "traditional economy" insenstivity. Refer to above case concerning "traditional economy". Principles of Microeconomics textbook covers the breath of microeconomic topics from introduction to the subject, to development of the main model of demand and supply, fundamentals of the microeconomics theory, microeconomic policy issues, and Principles of Microeconomics textbook covers the breath of microeconomic topics from introduction to the subject, to development of the main model of demand and supply, fundamentals of the microeconomics theory, microeconomic policy issues, and it finishes by introducing international economics.

It covers everything typically covered in the introductory microeconomics course. Index is hyperlinked, which makes it efficient. The book is well organized.

Each chapter has a 'Clear It Up' sections where the most typical misconceptions are addressed. Additionally, there are review and practice problems at the end of the chapter, along with summaries, and key terms. The examples used are relevant and current.

Hyperlinks to different websites where examples came from are provided for further reading. Definitions and explanations are straightforward and accurate. The data used in numerous examples is current as of The book uses examples and data from The examples are carefully picked.

The textbook will stay current for the number of years. For example, oil price changes in the US economy will always be a topic of interest that captures students attention regardless when the particular price change discussed took place.

Number of examples are about the US economy. The text is straightforward and easy to understand. Explanations are clear. For example, the text provides one of the best explanations for the concept of perfectly elastic demand that I have ever read in a principles textbook. I put special focus on topics that students usually have troubles grasping, such as elasticity, and I am excited to introduce this textbook to my principles class this winter and see how students react to it.

The text is divided into 20 chapter. Each chapter is subtitled and organized by topics. Examples are provided throughout the text. The organization of topics is organized in a way I typically use when I teach the material. Depending on the class, instructor can chose to skip some of the later chapters on policy issues without disruption to the reader.

I found the text easy to read and interesting, well organized in a logical order. The effort that went into producing this text is admirable. I downloaded the pdf version of the textbook without any issues. I used hyperlinks for internal end external materials without any problems. I did not find text offensive. It is geared mostly to the US audience, but without favoritism or bias. Authors are from the US and they use examples from their own frame of reference, which is as expected.

I enjoyed the text and I am going to adopt it in my principles class. I would like to thank the authors and everyone involved for the time and effort they devoted to creating a high quality textbook. The text covers all the areas and ideas of Macroeconomics that one would expect to find at the introductory level. The subjects are clear, easy to follow, relevant with applied examples. Global examples are used through the lens of US laws and Global examples are used through the lens of US laws and economics.

No index or glossary was provided with the version that was reviewed. Many of the case studies are global in origin, which are excellent, however, the authors always return to the effects towards the US, or if a US case study is examined there is very little mention of the effect towards the Canadian economy.

Generally the text will not become obsolete in a short period of time yet the authors will need to either update the data within the text or provide updated links to the already numerous web sites referred to within the text.