The Best Microeconomic Books
Anyone in the midst of their undergraduate degree will know of the two main tenets of economics: micro and macro. If you’re looking for the best macroeconomic books, you can head over to our article on that topic, because in this piece, we’ll be going through some of the most useful and interesting microeconomic books which will help you get up to speed on all of the fundamentals of the discipline. And remember, these books aren’t only for students - laypeople who are interested in the subject can also benefit from picking up one of these tomes. And what better time to do some reading than when stuck inside during the pandemic?
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Principles of Microeconomics - N. Gregory Mankiw
Now in its seventh edition, this textbook on microeconomics is one of the most widely-used and respected. Offering an in-depth overview of all of the fundamentals of the microeconomic discipline, it’s also a surprisingly accessible read for a dense university textbook. It’s arranged in short chapters, Mankiw himself is a highly respected economist, and it’s a great starting point even for laypeople.
Freakonomics: A Rogue Economist Explains the Hidden Side of Everything - Steven Levitt and Stephen J. Dubner
No list of microeconomics books would be complete without the extremely famous, and very enjoyable, Freakonomics. Levitt and Dubner’s book, a collection of articles, focuses on the application of economic methods to everyday things. There are chapters on cheating, drug dealing, the KKK, and even naming children, among other things. It was such a huge success it spawned a blog, a radio show, a sequel, and even a film.
Prices and Quantities: Fundamentals of Microeconomics - Rakesh V. Vohra
This book attempts to change up exactly how microeconomics is taught, by beginning with the most basic principles which only involve one variable and steadily getting more complicated. What this achieves is that the mathematics required to fully grasp microeconomics is simplified, in that the calculus steadily gets harder as the book progresses. Vohra also uses real-world examples to make concepts easier to grasp, making this a great addition to your microeconomics library.
Thinking, Fast and Slow - Daniel Kahneman
In short a summary of Kahneman’s research over the course of several decades of highly successful economics work, Thinking, Fast and Slow is much more than that. Really, it’s a book about how human judgment can’t really be trusted - and how knowing this information can change how you see your own decision-making processes and change your life. The book has sold over one million copies and is also an important behavioural economics book.
Microeconomics - Paul Krugman and Robin Wells
Much the same as the duo’s book on macroeconomics, Krugman and Wells’ book explaining the fundamentals of microeconomics is accessible, nicely written, and covers most everything you’ll need to know about the discipline. It tries its best not to use jargon when explaining its concepts, and uses plenty of real-world examples to make them as easy to understand as possible. This is a great book if you want to get away from the dense language and confusing jargon of economics and easily learn about microeconomics which, after all, isn’t rocket science!
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Top 10 Best Economics Books
The topic of economics is rich with great writing, and many books have been published over the years which tackle economic issues for a popular audience. Here is our list of ten of the best books in the area of economics. Many of the books here are bestsellers, but we have included a few lesser-known titles that have had an important impact on how the public perceives economics. Some titles, too, are interdisciplinary, combining science, psychology and economics to explain history and human processes; others are narratives of events.
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Microeconomics vs Macroeconomics - Which Class Should I Take First?
When you're just beginning your studies in economics, you'll quickly come across two very important branches – microeconomics and macroeconomics. It's highly likely that you'll study both at some point during your degree, as they are two of the foundational planks of the subject.
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Few would contest it has been the ideology of our political age. Ever since the 1980s, it has dominated western politics, underpinning governance, influencing culture, and leaving its indelible mark across society. During this time its core tenets were rarely challenged and only its peripheral aspects tweaked. The 2008 financial crash, however, changed this, shaking confidence in an ideology whose name, up until that point, was rarely ever spoken.