Microeconomics (Paperback)

~ (Author), Robin Wells (Author)

Editorial Reviews

Product Description

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.

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. He also spent a year on the staff of the Council of Economics Advisors in 1982-83. His research is mainly in the area of international trade, where he is one of the founders of the 'new trade theory' with its focus on increasing returns and imperfect competition. He also works in international finance, with a concentration in currency crises. In 1991, Krugman received the American Economic Association's John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for non-technical audiences and is a regular op-ed columnist for the New York Times. His book The Great Unravelling: Losing Our Way in the New Century went straight to the top of the Amazon.com bestseller list, while his earlier publications, Peddling Prosperity and The Age of Diminished Expectations have become modern classics. 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 out of print or unavailable edition of this title.

Product Details

• Paperback: 608 pages
• Publisher: Worth Publishers; 1ST edition (October 22, 2004)
• Language: English
• ISBN-10: 0716752298
• ISBN-13: 978-0716752295
• Product Dimensions: 10.8 x 8.4 x 0.8 inches
• Shipping Weight: 2.6 pounds (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #102,641 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 13 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)

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

1 of 1 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.

0 of 1 people found the following review helpful:

1.0 out of 5 stars I wouldn't know, I never received it., November 13, 2009

By	S. Patterson "sp" - See all my reviews (REAL NAME)

This review is from: Microeconomics Study Guide (Paperback)

Never received the product from the seller, and when I contacted the seller, they did not respond. But my money was taken .