Jaffe, Sonia P. creator author. Minton, Rob author. Mulligan, Casey B. author. Murphy, Kevin M. author. text bibliography nju Princeton, New Jersey Princeton University Press 2019 monographic eng

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xiii, 231 pages : illustrations ; 27 cm. Price theory is a powerful analytical toolkit for measuring, explaining, and predicting human behavior in the marketplace. This incisive textbook provides an essential introduction to the subject, offering a diverse array of practical methods that empower students to learn by doing. Based on Economics 301, the legendary PhD course taught at the University of Chicago, the book emphasizes the importance of applying price theory in order to master its concepts. Chicago Price Theory features immersive chapter-length examples such as addictive goods, urban-property pricing, the consequences of prohibition, the value of a statistical life, and occupational choice. It looks at human behavior in the aggregate of an industry, region, or demographic group, but also provides models of individuals when they offer insights about the aggregate. The book explains the surprising answers that price theory can provide to practical questions about taxation, education, the housing market, government subsidies, and much more. Sonia Jaffe ... [et al.]. Includes bibliographical references (page 217-219) and index. K.M. Arefin Kamal, PhD Assistant Professor Department of Economics and Social Sciences Course name and No. : Microeconomic Analysis Objectives ''(ECO 301)'' Chicago school of economics Microeconomics Prices Prices Chicago school of economics Microeconomics Preistheorie Chicago-Schule HB98.3 .J34 2019 330.1553 9780691192970 9780691198811 (ebook) 2019942325 Ayesha Abed Library YDX 260329 20260330094812.0 45452 eng