Second Edition   ©2016


Austan Goolsbee (University of Chicago) , Steven Levitt (University of Chicago) , Chad Syverson (University of Chicago)

  • ISBN-10: 1-4641-8702-9; ISBN-13: 978-1-4641-8702-5; Format: Cloth Text, 832 pages

Applications show how microeconomic theory informs consumer and producer decision making in real situations. These applications show the practical uses of theory today and draw on data from numerous different sources.

Freakonomics essays apply economic analysis to common phenomena, helping to foster economic intuition.

The first edition’s focus on empirics continues. Integration of the empirical dimension is throughout the text in examples, applications, etc.

Figure It Out worked-out problems walk students through the process of how to use economic tools and analysis to think through a problem and develop its solution.

Make the Grade essays point out common pitfalls that students may encounter and help them navigate through the finer point of micro theory.

Optional Calculus appendices provide students with another way to understand economic theory.

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