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Modern Principles: Microeconomics Paperback – October 9, 2009

21 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: 4.3 out of 5 stars  See all reviews (21 customer reviews)
  • Amazon Best Sellers Rank: #78,183 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
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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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3 of 3 people found the following review helpful By ninjawarrior19 on October 28, 2013
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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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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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1 of 1 people found the following review helpful By mitec on March 26, 2015
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This book does a great job of explaining introductory-level economic concepts. The real-life examples are very helpful in gaining a full grasp on the key concepts of each chapter.
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4 of 6 people found the following review helpful By Matthew on September 18, 2012
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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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0 of 1 people found the following review helpful By patrice mcdermand on September 10, 2014
Format: Paperback
My son needed this book for school. Arrived in just a few days, earlier then we expected! Can't say it's everything he hoped for but it works out perfectly ordering his books thru amazon...less than half the price!
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0 of 1 people found the following review helpful By Nick Owen on November 10, 2014
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The book had a little damage but the book was in great quality overall.
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