Experiments with Economic Principles: Microeconomics

Features

• Cover Type: Paperback with 448 pages
• Published by: McGraw-Hill/Irwin
• Edition: 2nd Edition August 9, 1999
• Written in: English
• ISBN 10 Number: 007229518X
• ISBN 13 Number: 978-0072295184
• Book Dimensions: 9.8 x 8 x 0.8 inches
• Weighs: 1.8 pounds

Product 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. FEATURES 1. A new chapter on public goods (ch. 6). 2. A new chapter on network externalities (ch. 9). 3. A new Part V on essential concepts of economic principles. 4. More problems and tie-ins to economics in the news. 5. More discussion of economic concepts. 6. More modular organization for easy custom-publishing of instructor's own selection of experiments. 7. Streamlining some experiments. 8. Improved layout of homework exercises allows faster grading. 9. Improved layout of personal information sheets in Instructor's Manual. 10. Convenient class preparation kits for instructors. Go to the text website for more information on Bergstrom/Miller Experiments with Economic Principles: http://www.econ.ucsb.edu/~tedb/eep/eep.html

Reader Reviews
I took a course that used this book (taught by one of the authors) to fulfill an economics core requirement. Since then, I have studied economics on my own and know that I have retained a lot of the information that I learned in that first introductory class. In contrast, I've forgotten much of what I learned in standard lecture-style courses. I disagree with the previous reviewer in that I think this book is great for a beginner. You may not learn all of the mainstream technical terms and how to do economic busywork, but it does a really good job of teaching key concepts: supply and demand, market vs. regulated prices, etc... Conceptual understanding is extremely important in any field, and encourages the student to think creatively. Most importantly, this book encourages learning and instills an interest in economics.