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A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making.
- Sales Rank: #7370 in Books
- Brand: Brand: Pearson
- Published on: 2012-03-11
- Original language: English
- Number of items: 1
- Dimensions: 10.00" h x 1.30" w x 8.20" l, 3.20 pounds
- Binding: Hardcover
- 768 pages
- Used Book in Good Condition
About the Author
ROBERT S. PINDYCK is the Mitsubishi Bank Professor in Economics and Finance in the Sloan School of Management at M.I.T. He is also a Research Associate of the National Bureau of Economic Research, and a Fellow of the Econometric Society, and has been a Visiting Professor of Economics at Tel-Aviv University. He received his Ph.D. in Economics from M.I.T. in 1971. Professor Pindyck's research and writing have covered a variety of topics in micro economics and industrial organization, including the effects of uncertainty on firm behavior and market structure, determinants of market power, the behavior of natural resource, commodity, and financial markets, and criteria for investment decisions. He has been a consultant to a number of public and private organizations, and is currently co-editor of "The Review of Economics and Statistics." He is also the co-author with Daniel Rubinfield of "Econometric Models and Economic Forecasts," a best-selling textbook that may or may not be turned into a feature film.
DANIEL L. RUBINFELD is Robert L. Bridges Professor of Law and Professor of Economics at the University of California, Berkeley. He taught previously at Suffolk University, Wellesley College, and the University of Michigan, and served from June 1997 through December 1998 as Deputy Assistant Attorney General for Antitrust in the U.S. Department of Justice. He has been a Fellow at the National Bureau of Economic Research, the Center for Advanced Study in the Behavioral Sciences, and the John Simon Guggenheim Foundation. He received a BA in mathematics from Princeton University in 1967 and a Ph.D. in Economics from M.I.T. in 1972. Professor Rubinfeld is the author of a variety ofarticles relating to competition policy, law and economics, law and statistics, and public economics. He is currently co-editor of the "International Review of Law and Economics," and has served as Associate Dean and Chair of the Jurisprudence and Social Policy Program at Berkeley from 1987-1990 and 1999-2000. He is the co-author (with Robert Pindyck) of "Econometric Models and Economic Forecasts," and expects to play the lead in the film version of the book.
Most helpful customer reviews
13 of 15 people found the following review helpful.
Sub-par.
By Kallen921
Overall, I would not recommend this text. The quality of the content is up and down. Although many of paragraphs explain economic theory well (not great, but well), others lack significant clarity. For example, the author gives the formula for price elasticity. Then he goes on to say that price elasticity is usually a negative number and what that means in economic terms. Next he states that "Sometimes we refer to the magnitude of the price elasticity-- i.e. its absolute size". He never explains when or why we refer to its price elasticity. More importantly, the author does an extremely poor job of illustrating the mathematical concepts. Although he does cover some of the equations, he misses many of them (even the ones in the chapter exercise). Likewise, the author does do much to help the reader work step-by-step through the problems. Even the most savvy economy students may need to review every step of a problem to understand where he or she went wrong. I think so other customer said it, and I agree— expect to buy some additional readings.
6 of 7 people found the following review helpful.
Good resource
By CaliGirl
This is a decent textbook for microeconomics, however it is not as ideal for those taking an introductory course. Many of the examples of economic principles are helpful, however others make concepts more confusing. May need to supplement readings with another textbook or online resources.
4 of 4 people found the following review helpful.
Great text
By Justin Legg
The only draw back is that some of the mathematical derivations did not show every step and make it hard to follow.
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