Microeconomics 3rd Edition

Microeconomics, Third Edition by Austan Goolsbee, Steven Levitt, and Chad Syverson — Published by Worth Publishers / Macmillan Learning

Like no other text for the intermediate microeconomics course, this book bridges the gap between today's theory and practice. A strong empirical dimension tests theory and successfully applies it. With carefully crafted features and vivid examples, the text helps answer two critical questions students ask: "Do people and firms really act as theory suggests?" and "How can someone use microeconomics in a practical way?" The authors teach in economics departments and business schools and are active empirical microeconomics researchers. Their grounding in different areas of empirical research allows them to present the evidence developed in the last 20 years that has tested and refined the fundamental theories. Their teaching and professional experiences are reflected in an outstanding presentation of theories and applications.

What sets this book apart is the rare caliber of its authors. Austan Goolsbee is the Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business and former Chairman of the Council of Economic Advisers under President Obama. Steven Levitt, also at the University of Chicago, is the co-author of the internationally celebrated Freakonomics and one of the world's most recognized economists for his unconventional, data-driven approach to understanding human behavior. Chad Syverson is a leading industrial economist at Chicago Booth whose research focuses on productivity and market structure. Together, they bring a depth of real-world research experience and intellectual energy to this text that few intermediate economics textbooks can match.