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Modern Principles: Microeconomics Paperback – October 9, 2009

8 customer reviews
ISBN-13: 978-1429202480 ISBN-10: 1429202483 Edition: First Edition

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Product Details

  • Paperback: 432 pages
  • Publisher: Worth Publishers; First Edition edition (October 9, 2009)
  • Language: English
  • ISBN-10: 1429202483
  • ISBN-13: 978-1429202480
  • Product Dimensions: 8.6 x 0.6 x 10.9 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Best Sellers Rank: #608,237 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful By student on July 25, 2010
Format: Paperback Verified Purchase
The book is an easy read with illustrations so that you can understand how to apply the information to "real world".
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8 of 11 people found the following review helpful By Caraculiambro on June 11, 2010
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Here's the author himself writing, touting the virtues this new approach:

"Here are a few of my favorite things Modern Principles:

1. It has the most thorough treatment of the interconnectedness of markets and the importance of the price system; most texts only pay lip service to this.

2. It is the most Hayekian of the texts on micro theory without in any way ignoring the importance of externalities, public goods and other challenges to markets.

3. It has an entire chapter on ethics and economics. We do present economics as a value-free science, yet we all know how much ethics shapes people's economics views. The book helps the student sort out common confusions and explains the ethical presuppositions behind many "economic" arguments.

4. It has an entire chapter on incentives and incentive design (e.g. piece rates, tournaments, pay for performance). Oddly, many micro books do not discuss this crucial topic.

5. International examples--from Algeria to Zimbabwe--are written into the core of the book and not just ghettoized in a single "international chapter."

6. It is obsessed with the idea of teaching students to think like economists.

7. It is grounded in the belief that reading an economics text should be fun, not a chore.

8. It has balanced coverage of neo-Keynesian and real business cycle approaches.

9. It covers Solow "catch-up" growth, and Paul Romer's increasing returns, much more thoroughly than do the other texts. The macro book (section) starts off with the idea of why growth matters and is central to macroeconomics.

10. The financial crisis was written into the core of the book, rather than being absent or treated as an add-on.
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3 of 4 people found the following review helpful By Sweden on February 1, 2011
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This book really helped me through my micro class, it is easy to understand and perhaps even enjoyable to read. I highly suggest the study guide supplement as well. It definetly boosted my grade.
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0 of 1 people found the following review helpful By Catherine on May 26, 2015
Format: Paperback Verified Purchase
Decent quality, great for the price.
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