Description
Book SynopsisDaron Acemoglu is the Elizabeth and James Killian Professor of Economics in the Department of Economics at the Massachusetts Institute of Technology. He has received a BA in economics from the University of York, an MSc in mathematical economics and econometrics from the London School of Economics, and a PhD in economics from the London School of Economics.
He is an elected fellow of the National Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association, and the Society of Labor Economists. He has received numerous awards and fellowships, including the inaugural T. W. Schultz Prize from the University of Chicago in 2004, the inaugural Sherwin Rosen Award for outstanding contribution to labor economics in 2004, the Distinguished Science Award from the Turkish Sciences Association in 2006, and the John von Neumann Award, Rajk College, Budapest, in 2007.
On 14 October 2024, the Nobel Prize i
Table of Contents
PART I: INTRODUCTION TO ECONOMICS
1. The Principles and Practice of Economics
2. Economic Science: Using Data and Models to Understand the World
3. Optimization: Trying to Do the Best You Can
4. Demand, Supply, and Equilibrium
PART II: FOUNDATIONS OF MICROECONOMICS
5. Consumers and Incentives
6. Sellers and Incentives
7. Perfect Competition and the Invisible Hand
8. Trade
9. Externalities and Public Goods
10. The Government in the Economy: Taxation and Regulation
11. Markets for Factors of Production
PART III: MARKET STRUCTURE
12. Monopoly
13. Game Theory and Strategic Play
14. Oligopoly and Monopolistic Competition
PART IV: EXTENDING THE MICROECONOMIC TOOLBOX
15. Trade-offs Involving Time and Risk
16. The Economics of Information
17. Auctions and Bargaining
18. Social Economics
PART V INTRODUCTION TO MACROECONOMICS
19. The Wealth of Nations: Defining and Measuring MacroeconomicAggregates
20. Aggregate Incomes
PART VI LONG-RUN GROWTH AND DEVELOPMENT
21. Economic Growth
22. Why Isn't the Whole World Developed?
PART VII EQUILIBRIUM IN THE MACROECONOMY
23. Employment and Unemployment
24. Credit Markets
25. The Monetary System
PART VIII SHORT-RUN FLUCTUATIONS AND MACROECONOMIC POLICY
26. Short-Run Fluctuations
27. Countercyclical Macroeconomic Policy
PART IX MACROECONOMIC IN A GLOBAL ECONOMY
28. Macroeconomics and International Trade
29. Open Economy Macroeconomics
