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Modern Principles: Microeconomics First Edition Edition

4.1 out of 5 stars 27 customer reviews
ISBN-13: 978-1429202480
ISBN-10: 1429202483
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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
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (27 customer reviews)
  • Amazon Best Sellers Rank: #723,913 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

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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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This book is well-written and perfect for a high school AP micro class or introductory college course. It is very easy to understand and follow. There are relevant real world examples, a pleasant smattering of humor, and helpful pictures. I have learned econ very well from reading this and have decided to make economics my major!
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Good textbook! It makes the understanding of economics alot easier than just getting told by a teacher. I would recommend actually reading you textbook to understand Economics and enhance your grades!
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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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Professor required us to use this book. It sucks at getting the point across. If you are not an economics major then just use YouTube. There are so many channels on there that simplify the info whereas the book inserts a lot of B.S. to get the point across. It just causes mass confusion. I have come to the conclusion that after reading the book and listening to my professor that all economists think they are gods and we must worship them. Luckily, I rented this book from amazon. Unlucky for me, when it arrived it looked like it had literally been ridden hard and put away wet. Just like economists I guess.
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I love the way this book explains the principles of economics. The book also comes with great online resources for students. The textbook doesn't take itself too seriously, and I feel like it's written for the students to actually grasp concepts quickly, with great examples that illustrate every principle. Thanks!
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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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I bought this book for my class. Book is great, but my art history teacher said this wasn't the right book. I don't care though. Book has a giant hand on it and I dig that.

The book showed up quickly and was in great shape. I'd buy from this dude again. I need more books with hands on them.
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