Microeconomics [Paperback]

Paul Krugman (Author), Robin Wells (Author)

Book Description

ISBN-10: 0716752298 | ISBN-13: 978-0716752295 | Publication Date: October 22, 2004 | Edition: First Edition

Krugman/Wells takes a story-driven approach that focuses on real-world economics at work. The book offers the hallmark clarity and engaging writing style that distinguish Paul Krugman's work, from his best-selling international economics text to his New York Times best-sellers.  In just one year, Microeconomics has become a leading book and has met with unparalleled student and instructor praise.

Editorial Reviews

About the Author

PAUL KRUGMAN is Professor of Economics at Princeton University, USA, where he regularly teaches the principles course. Prior to his current position he taught at Yale, Stanford and MIT. ROBIN WELLS is Researcher in Economics at Princeton University, USA, where she teaches undergraduate courses. She has previously taught at the University of Michigan, the University of Southampton, Stanford and MIT. Her teaching and research focus on the theory of organizations and incentives. She writes regularly for academic journals. --This text refers to an alternate Paperback edition.

Product Details

• Paperback: 608 pages
• Publisher: Worth Publishers; First Edition edition (October 22, 2004)
• Language: English
• ISBN-10: 0716752298
• ISBN-13: 978-0716752295
• Product Dimensions: 10.7 x 8.4 x 0.8 inches
• Shipping Weight: 2.6 pounds (View shipping rates and policies)
• Average Customer Review: 4.7 out of 5 stars  See all reviews (13 customer reviews)
• Amazon Best Sellers Rank: #32,888 in Books (See Top 100 in Books)

More About the Author

Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He writes a twice-weekly op-ed column for the New York Times and a blog named for his 2007 book "The Conscience of a Liberal." He teaches economics at Princeton University. His books include "The Accidental Theorist," "The Conscience of a Liberal," "Fuzzy Math," "The Great Unraveling," "Peddling Prosperity," and two editions of "The Return of Depression Economics," both national bestsellers.

Customer Reviews

Most Helpful Customer Reviews

29 of 34 people found the following review helpful:

5.0 out of 5 stars "Split," NOT "Excerpt": An Excellent Micro Text, September 7, 2008

By 

A. O. Rosenberg "Economics Professor" (Mission Viejo, CA United States) - See all my reviews
(REAL NAME)   

This review is from: Microeconomics (Paperback)

Samuel Weber's review implies this book is an excerpt; it's not. Microeconomics and macroeconomics are completely different subjects; the courses share only a few introductory chapters (e.g., supply and demand; production possibilities).

Since they're different subjects, in most universities, they're taught by different professors, and students DON'T have the luxury of buying the big "Economics" book and having it last for two courses. I use K/W for micro; I think only one fellow prof uses K/W for macro.

So Mr. Weber's comment is no more true for this book than any other mainstream text.

Some good features of this book:
(1) a separate chapter on decision-making, differentiating discrete from marginal (yes/no from "how much") choice;
(2)choice under uncertainty, including discussion of risk tolerance and insurance;
(3) situations when buyers know more about the product than sellers, or vice versa (issues: "lemons," supervision of workers, warranties);
(4) a chapter on the economics of technology;
(5) interesting stories to start each chapter (such as London's pre-sewer "Great Stink of 1858")
(6) a mainstream focus in spite of Krugman's role as a political/econ

5 of 6 people found the following review helpful:

5.0 out of 5 stars Great, September 5, 2009

By 

Dongil Geum - See all my reviews
(REAL NAME)   

This review is from: Microeconomics (Paperback)

The book is detailed yet simple with plenty of examples. Excellent book for learning economics on an introductory level.

3 of 4 people found the following review helpful:

4.0 out of 5 stars Down to Basics, February 2, 2010

By 

Joshua A. Alcocer (Washington, DC USA) - See all my reviews
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Amazon Verified Purchase

This review is from: Microeconomics (Paperback)

So far I have used the first three chapter in the book. I am thankful for the way terms are connected with common life experiences. I see the book uses a baby step way of learning the terms. I think this gives me time to think about the terms for a moment and get a grasp on the topic. I can see this being annoying for someone who just wants to get through the material.