Overview

An authoritative textbook based on the legendary economics course taught at the University of ChicagoPrice 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.Emphasizes the application of price theory, enabling students to learn by doingFeatures chapter-length examples such as addictive goods, urban-property pricing, the consequences of prohibition, and the value of a statistical lifeSupported by video lectures taught by Kevin M. Murphy and Gary BeckerThe video course enables students to learn the theory at home and practice the applications in the classroom

Full Product Details

Author:   Sonia Jaffe ,  Robert Minton ,  Casey B. Mulligan ,  Kevin M. Murphy
Publisher:   Princeton University Press
Imprint:   Princeton University Press
ISBN:  

9780691192970

ISBN 10:   0691192979
Pages:   248
Publication Date:   10 September 2019
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Temporarily unavailable  
The supplier advises that this item is temporarily unavailable. It will be ordered for you and placed on backorder. Once it does come back in stock, we will ship it out to you.

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Reviews

"""A tremendous resource. This comprehensive and innovative book brings together in one great package the Chicago way of thinking about price theory.""—Douglas A. Irwin, author of Free Trade under Fire"

A tremendous resource. This comprehensive and innovative book brings together in one great package the Chicago way of thinking about price theory. -Douglas A. Irwin, author of Free Trade under Fire

A tremendous resource. This comprehensive and innovative book brings together in one great package the Chicago way of thinking about price theory. --Douglas A. Irwin, author of Free Trade under Fire

A tremendous resource. This comprehensive and innovative book brings together in one great package the Chicago way of thinking about price theory. aEURO Douglas A. Irwin, author of Free Trade under Fire

Author Information

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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