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For all Intermediate Microeconomics courses at the undergraduate or graduate level.
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Microeconomics has become a market leader because Perloff presents theory in the context of real, data-driven examples, and then develops intuition through his hallmark Solved Problems. Students gain a practical perspective, seeing how models connect to real-world decisions being made in today’s firms and policy debates.
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The Seventh Edition is substantially updated and modified based on the extremely helpful suggestions of faculty and students who used the first six editions. Every chapter is thoroughly revised and includes new or updated examples and applications.
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MyEconLab for�Microeconomics is a total learning package for the intermediate microeconomics course. MyEconLab is an online homework, tutorial, and assessment program that truly engages students in learning. It helps students better prepare for class, quizzes, and exams–resulting in better performance in the course–and provides educators a dynamic set of tools for gauging individual and class progress.
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This program will provide a better teaching and learning experience—for you and your students. Here’s how:
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- Improve Results with MyEconLab: MyEconLab delivers proven results in helping students succeed and provides engaging experiences that personalize learning.
- Help Students Review and Apply Concepts: Examples and exercises help students practice and connect to real-world decisions being made today in today’s firms and policy debates.
- Keep Your Course Current and Relevant: New examples, exercises, and statistics appear throughout the text.0133456919 / 9780133456912
Note:�You are purchasing a standalone product; MyEconLab does not come packaged with this content. If you would like to purchase�both�the physical text and MyEconLab search for ISBN-10: 0133577864 ISBN-13: 9780133577860. That package includes ISBN-10: 0133456919 �/ISBN-13: 9780133456912 and ISBN-10: 0133486443 / ISBN-13: 9780133486445
MyEconLab is not a self-paced technology and should only be purchased when required by an instructor.�
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- Sales Rank: #30040 in Books
- Published on: 2014-01-22
- Original language: English
- Number of items: 1
- Dimensions: 10.10" h x 1.50" w x 8.10" l, .0 pounds
- Binding: Hardcover
- 800 pages
About the Author
Jeffrey M. Perloff is a professor in and chair of the Department of Agricultural and Resource Economics at the University of California at Berkeley. His textbooks are Modern Industrial Organization (co-authored with Dennis Carlton) and Microeconomics. Professor Perloff has been an editor of Industrial Relations and an associate editor of the American Journal of Agricultural Economics. He is currently an associate editor of the Journal of Productivity Analysis and edits the Journal of Industrial Organization Education. A fellow of the American Agricultural Economics Association, his economic research covers industrial organization, marketing, labor, trade, and econometrics. He has consulted with a number of nonprofit organizations and government agencies including the Federal Trade Commission and the Departments of Commerce, Justice, and Agriculture.
Most helpful customer reviews
28 of 29 people found the following review helpful.
serious book for serious ADVANCED students
By UofMStudent
I am a student at the University of Michigan and this is the book we use for our intermediate microeconomics theory class. To start, this is NOT the book for you if you are weak in math (ie. can't stand calculus) and lack a solid understanding of basic microeconomics. If you are only trying to get the fundamentals, like say, how monopolies behave in a market economy or what a supply and demand curve looks like then go for the one by Pindyck. This book is for those who want to gain a DEEPER understanding of micro. Like given a trade between two individuals, what would be the equilibrium bundle reached by both parties considering their unique indifference curves. And how much would a consumer demand given a budget constraint. These are some of the topics covered in this book and Perloff has done a superb job showing the concepts.
The math in this textbook is somewhat advanced for the average undergraduate. if you don't know what a partial derivative is, then you will be lost. There are some first order differential equations and Lagrangians in there as well. In order to get the most out of this book I would say you need to have a solid understanding of calculus I and II, and a basic knowledge of III and IV. The concepts themselves aren't that complicated it's just that Perloff uses a lot of calculus to show them. But like I said, if you ARE good at math then this book will tell you more about intermediate micro and leave you with a far better theoretical background than any other.
Indeed, this is arguably the BEST undergraduate textbook for intermediate microeconomics. It's written like how a true microeconomics theorist would write it, and it is way better than the classic by Varian. The book actually shows you the mathematical derivations behind the concepts and Perloff always cut to the heart of the issue and explain things in the most succinct manner. Plus there's also a ton of problems after each chapter with solutions in the back. Given the fact that microeconomics theory is essentially a physics or a math class, Perloff's book gets an A+ for giving students lots of problems to work on. Without which anyone would be lost on a quantitative based exam.
All in all, I would highly recommend this book for anyone with a serious interest in microeconomics and/or a desire to pursue micro theory at a graduate level later on.
11 of 12 people found the following review helpful.
An okay book
By an undergraduate business student
This book was used for my microeconomics class. It helped me learn the material, but there's still room for improvement.
Having the textbook be so focused on specific examples was not such a good idea, because it made it difficult to understand what do to in a more general problem, or in any problem that deviates from this example. The discussions of concepts, however, were excellent.
I wish the derivations were more integrated into the text instead of in an appendix in the back, and that they were better explained - it's frustrating to spend an hour trying to figure out which steps were left out. The problems in the textbook were challenging but good, however, unless you're at least a econ grad student or some kind of genius, you're probably not going to be able to do many of them just by reading the textbook...which brings me to my last point...if you're taking a class in which this book is mandatory, by all means, get it, it's useful...but if you are trying to learn or brush up on micro without the aid of a class, look for another book
7 of 7 people found the following review helpful.
Read carefully and be prepared
By Colby D. Renfro
I'm an engineering student who decided to take an intermediate microeconomics class to satisfy some elective degree requirement. I didn't know what I was getting myself into with this course: previously this class was taught at the 400 level, with a prerequisite introductory microeconomics taught at the 300 level, then the econ department pulled a fast one on us, and replaced both courses with this one and re-numbered it at 300 level, with no pre-reqs. The class is now known as having incredibly low averages because many students struggle with the difficulty of tackling these mid-level concepts without the introductory prerequisite class.
This book is pretty unpopular among my fellow students in my intermediate microeconomics class, but in hindsight - with my hardly sought after "A" locked safely into place :) - I can say that the textbook is pretty good when taken for what it is: a serious mid-level, calculus-based microeconomics book. It requires the reader to spend time and effort into reading every sentence, and it can be dense and even confusing at times. Either the concepts become better written as you venture into chapters 10-14, or I became better at digesting it, because for me the book was easier to read as I progressed.
Low parts:
When the author works through specific examples, it can be long and drawn out. The disadvantage is that often the intuition behind the concepts (intuition that could be generalized) is hidden inside the specific example problems, so you never know if you can skip portions that are just doing some number crunching because sometimes some core concept are embedded in them.
Also, some portions are just plain written poorly and are difficult to read through. Part of this is because Micro-theory isn't always the most interesting thing to learn and there is a certain amount of trudging involved.
High parts:
The beginning chapters and end of chapter summaries are helpful and concise. The author typically underlines important concepts, and often there are some portions of the chapter where he really generalizes well and hits on all cylinders explaining the concepts clearly.
Sometimes there will be several pages without much really important content, but then there will be a page where everything on it is gold. The biggest difficulty is really sorting out what is necessary and what is extraneous.
Like others have said, you better have had a solid introductory calculus sequence or don't even bother with this. As an engineering major this wasn't an issue for me, but this experience would be unfathomable without a solid background (A or B) in single and multivariate calculus, differential equations, and linear algebra. The math itself is not mechanically difficult to solve, but you need to understand the concept behind, say, a Lagrangian, or the null-space. There are other engineering majors and even math majors in the class with me who are struggling, (granted they are C students).
Overall, it's not the worst textbook I've had, but in engineering we often get some pretty bad textbooks, so maybe I'm just immune.
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