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Microeconomics (7th Edition), by Robert Pindyck, Daniel Rubinfeld
Download Ebook Microeconomics (7th Edition), by Robert Pindyck, Daniel Rubinfeld
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KEY BENEFIT: This book is well known for its coverage of modern topics (Game theory, Economics of Information, and Behavioral Economics), clarity of its writing style and graphs, and integrated use of real world examples.
KEY TOPICS: The emphasis on relevance and application to both managerial and public-policy decision-making are focused goals of the book. This emphasis is accomplished by including MANY extended examples that cover such topics as the analysis of demand, cost, and market efficiency; the design of pricing strategies; investment and production decisions; and public policy analysis.
Economists and strategists looking to stay current with economic information.
- Sales Rank: #66011 in Books
- Published on: 2008-06-21
- Original language: English
- Number of items: 1
- Dimensions: 9.25" h x 1.13" w x 7.68" l, 3.62 pounds
- Binding: Hardcover
- 768 pages
Most helpful customer reviews
30 of 32 people found the following review helpful.
Gaps in conceptual explanations: not for the intelligent reader
By Agyaat
I currently use this book to teach at the University of Michigan. (I chose it because it's what has been used here before.) The book is written in an accessible, reader-friendly style. It has many examples and pictures, which make it attractive -- a feature, I suppose, that is necessary to hold an undergrad's attention in these times we live in.
But what annoys me is the absence of conceptual rigor/detail and the sudden jumps in explanation. I want my students to be able to see what is going on and appreciate the simple elegant logic of microeconomic theory. Instead the book reads like it's delivering information to you, but isn't really explaining why it makes sense.
Here's an example. In Section 4.2 on Income and Substitution Effects, the effect of a price change is decomposed into income and substitution effects using constant utility. But as many of us know, there's an alternative way to do this too, which is holding purchasing power constant. For some reason that approach isn't mentioned. Instead, the text reads as though we were interested in the constant purchasing power approach, but then suddenly switches to a constant utility approach by saying "This substitution is marked by a movement along an indifference curve." But why? Wouldn't any intelligent student at this point start wondering how we went from purchasing power to utility? Flip back to Section 4.1 and find that the word utility has been quietly introduced there in a sentence that's in parentheses: "(Because the price of food has risen, the consumer's purchasing power -- and thus attainable utility -- has fallen.)"
Pooh. I don't like books that sneak important ideas into parentheses in order to avoid answering the all important question -- i.e. "Why?"
17 of 19 people found the following review helpful.
Not the same as the International Version
By AnneC
I want to warn anyone buying the international version that the problems are different from the US version.
Also, some of the notation is different (ex. rupees instead of dollars) and some of the examples are different.
If you don't have problems assigned from the book, the international version will work fine.
Many sellers claim that the editions are exactly the same, but they are not!
6 of 6 people found the following review helpful.
Adequate discussion of microeconomics, but lacking the mathematics to back it up
By D. Chen
Although this book has plenty of examples and descriptions suitable for any undergraduate level microeconomics course, I personally struggled with the lack of math in the book. For the most part, the book lacks any mention of calculus at all, which is essential when discussing something like elasticity or optimization. When it does appear, subjects like partial derivatives or Laplace transforms are relegated to a short addendum at the end of the chapter, glossed over in a fashion that would make it difficult for anyone but math majors to understand what the author is talking about.
See all 58 customer reviews...
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