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Microeconomics (5th Edition)

Microeconomics (5th Edition)

List Price: $140.00
Your Price: $140.00
Product Info Reviews

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Rating: 3 stars
Summary: Readable
Review: A well written book on the whole especially for beginners like me. Unfortunately, the book does lack mathematical examples.

Rating: 2 stars
Summary: A Beginner's Text...
Review: Although billed as a text "suitable for students with a broad range of backgrounds," as an intermediate student using it this semester in a graduate public policy program core class, I've found this book of little value. Topics are rarely covered in depth (e.g., utility effects of taxation and subsidies are consigned to roughly two pages), examples, though clearly explained, are rather basic -- mathematical formulas are scarce and calculus is nonexistent -- and the graphs are less descriptive relative to other intermediate texts. (If you've used either of Nicholson's texts, this one is certain to disappoint in comparison.) In short, beginners may benefit; others should not waste their money.

Rating: 2 stars
Summary: A Beginner's Text...
Review: Although billed as a text "suitable for students with a broad range of backgrounds," as an intermediate student using it this semester in a graduate public policy program core class, I've found this book of little value. Topics are rarely covered in depth (e.g., utility effects of taxation and subsidies are consigned to roughly two pages), examples, though clearly explained, are rather basic -- mathematical formulas are scarce and calculus is nonexistent -- and the graphs are less descriptive relative to other intermediate texts. (If you've used either of Nicholson's texts, this one is certain to disappoint in comparison.) In short, beginners may benefit; others should not waste their money.

Rating: 4 stars
Summary: Very clear, even if you never had economics.
Review: Although long, the book has very good quality material. Exercises are appropriate and cover all material.

The only thing that should be improved is the index for easier research. Index was incomplete and every time I need to search something specific, I had to go trhough the chapters to find it.

Rating: 5 stars
Summary: Good but expecting an update!
Review: Economics is a fasting growing and fast going subject! This book is wonderful and great! As has mentioned by previous reviewers. But an update version would be necessary and more wonderful.

Rating: 3 stars
Summary: Book Review
Review: I found this book to have clarity in the major topics of microeconomics which could help you to understand the basics. However this should only be used as basis reading and other books should be used to cover the various topics in more depth, such as Koutsoyanis and others which give more insight on specific topics. All in all it is a good solid core text book which can give you the basic knowledge needed in microeconomics.

Rating: 4 stars
Summary: An Excellent Textbook
Review: I found this Econ textbook really helpful in grad school. I've got my share of math phobia and this material was very accessable. Great examples!

Rating: 5 stars
Summary: Microecon is not exactly the most exciting subject
Review: I've used this book in an intermediate micro course at Berkeley, and I have to say that this is one of the best written economics books I've read. One of its greatest advantages is the clarity of explanation and abundance of visual aid such as graphs and tables throughout the book to support the material. The graphs get a bit complicated towards the last chapters, but that's only because the material that needs to be illustrated through those graphs gets complicated as well.

Second, even though I've had extensive economics background, the book could be suitable for beginners. The first two chapters give a concise overview of a basic Econ 1 course, explaining the basics of supply and demand, market structure, etc. - everything a person with little economics background needs to know to be able to understand this book. However, if you find this book to simple for you, keep in mind that Prentice Hall publishes it as "Intermediate Economics" - for use in 2nd or 3rd year in an undergraduate economics program.

Unlike many other econ textbooks I've encountered, this book is neither math-heavy nor theory-heavy - it has a good balance of theoretical information coupled with enough mathematical examples to get the message across. However, many students (and some reviewers on this website) find that there aren't enough examples and exercises (with answers) in the book - for that I'd HIGHLY recommend getting the Student Study Guide. It quickly summarizes each chapter (good for emergency test/quiz studying) and provides plenty of sample problems as it summarizes the concepts. It also includes a quick chapter quiz and gives the solutions to all problems found in the Study Guide.

Also unlike most outdated econ textbooks today, this one includes excellent chapters on Game Theory and pricing strategies. I've heard from a few business majors here at Berkeley that they're encouraged to read those two chapters as good examples of how these concepts apply to business and economics. The book features many "Sample Boxes" - small paragraphs on how the current topic of discussion has been applied in the real world. This helps understand that economics is a real science (in a sense that it can produce theories that are testable in the real world) and has some useful applications.

Overall, this is a very good economics textbook for intermediate microeconomics. The book alone deserves 4 stars, but coupled with the study guide, it's definitely a 5.

Rating: 3 stars
Summary: Product Note about the Package Edition
Review: Just for those who might be wondering, the package edition includes the hardcover textbook as well as the corresponding workbook. Since the description does not make this clear, I thought I would mention it, since this is quite a bargain if you're buying both anyway.

Rating: 5 stars
Summary: Microeconomics (5th Edition)
Review: Microeconomics (5th Edition) by Robert S. Pindyck a solid textbook. Pindyck is a widely respected economics writer represented by three titles in BCL3 (we reckon this work will appear there in future).


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