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  • Experiments with Economic Principles: Microeconomics

    Experiments with Economic Principles: Microeconomics by Bergstrom, Theodore C.; Miller, John H.;

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    Product details:

    • Edition number 2
    • Publisher McGraw-Hill Higher Education
    • Date of Publication 1 August 2002

    • ISBN 9780071212076
    • Binding Paperback
    • No. of pages pages
    • Size 254x203x15 mm
    • Weight 771 g
    • Language English
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    Long description:

    This book contains economic experiments designed for students who have not previously taken any economics. While this book can supplement any microeconomics text, it can and has been used by itself to teach principles. Unique in the marketplace, EXPERIMENTS WITH ECONOMIC PRINCIPLES: MICROECONOMICS is an extension of the groundbreaking work in Experimental Economics of Vernon Smith. Bergstrom and Miller are two of the most highly-regarded researchers in the creative world of Experimental Economics.

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    Table of Contents:

    I Competitive Markets


    1. Supply and Demand


    2. Shifting Supply and Demand


    II Market Intervention and Public Policy


    3. A Sales Tax


    4. Prohibition


    5. A Minimum Wage


    III. Imperfect Markets


    6. Externalities


    7. Monopolies and Cartels


    8. Entry and Exit


    9. Network Externalities


    10. Entry and Exit


    11. Measuring Productivity


    12. Comparative Advantage


    V Information, Auctions, and Bargaining


    13. Adverse selection


    14. Auctions


    15. Fundamental Concepts


    VI Essential Economic Concepts

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