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Chicago Price Theory
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Chicago Price Theory
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
Ideal for economics students and educators seeking a rigorous, applied understanding of price theory, particularly those interested in the Chicago school's analytical methods.
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See morePrice 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.
Book Hero Magic formatted this description to make it easier to read. While it's new and
still learning, it may not be perfect - your
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Description
An authoritative textbook based on the legendary economics course taught at the University of Chicago. Price theory is a powerful analytical toolkit for measuring, explaining, and predicting human behaviour 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 emphasises 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 behaviour 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. It emphasises the application of price theory, enabling students to learn by doing, and features chapter-length examples such as addictive goods, urban-property pricing, the consequences of prohibition, and the value of a statistical life.
Supported by video lectures taught by Kevin M. Murphy and Gary Becker, the video course enables students to learn the theory at home and practice the applications in the classroom.
Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
Douglas A. Irwin describes this book as "a tremendous resource" and praises its comprehensive, innovative approach that encapsulates the Chicago school's perspective on price theory.
Book Details
INFORMATION
ISBN: 9780691192970
Publisher: Princeton University Press
Format: Hardback
Date Published: 10 September 2019
Country: United States
Imprint: Princeton University Press
Illustration: 102 b/w illus.
Audience: Tertiary education
DIMENSIONS
Width: 178.0mm
Height: 254.0mm
Weight: 250g
Pages: 248
About the Author
Sonia Jaffe is a research economist at Microsoft. Robert Minton is a PhD student in business economics at Harvard Business School. Casey B. Mulligan is professor of economics at the University of Chicago. Kevin M. Murphy is the George J. Stigler Distinguished Service Professor of Economics at the University of Chicago's Booth School of Business.
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