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Throughout Microeconomics, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help students learn about the world around them. Taking a fresh approach, the authors use the themes of optimization, equilibrium and empiricism to illustrate the power of simple economic ideas, and their ability to explain, predict, and improve what happens in the world. Each chapter begins with an empirical question that is later answered using data in the Evidence-Based Economics feature. As a result of the textâÂÂs practical emphasis, students will learn to apply economic principles to guide the decisions they make in their own lives.Table of Contents:(I) Introduction to Economics1. The Principles and Practice of Economics2. Economic Methods and Economic Questions3. Optimization: Choosing the Best Economic Outcome4. Demand, Supply, and Equilibrium (II) Foundations of Microeconomics5. Consumers and Incentives6. Sellers and Incentives7. Perfect Competition and the Invisible Hand8. Trade9. Externalities and Public Goods10. The Government in the Economy: Taxation and Regulation11. Markets for Factors of Production (III) Market Structure12. Monopoly13. Game Theory and Strategic Play14. Monopolistic Competition and Oligopoly (IV) Extending the Microeconomic Toolbox15. Trade-offs Involving Time and Risk16. Auctions and Bargaining17. The Economics of Information18. Social Economics