Chicago Price Theory

Author: Sonia Jaffe
Editor: Princeton University Press
ISBN: 0691192979
File Size: 67,16 MB
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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 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 doing 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
Chicago Price Theory
Language: en
Pages: 248
Authors: Sonia Jaffe, Robert Minton, Casey B. Mulligan, Kevin M. Murphy
Categories: Business & Economics
Type: BOOK - Published: 2019-09-10 - Publisher: Princeton University Press

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 behavior in the marketplace. This incisive textbook provides an essential introduction to the subject, offering a diverse array of practical methods that
Making Chicago Price Theory
Language: en
Pages: 165
Authors: Daniel J. Hammond, Claire H. Hammond
Categories: Business & Economics
Type: BOOK - Published: 2006-09-27 - Publisher: Routledge

Milton Friedman and George J. Stigler shaped economics as we know it today – their Chicago School laid the groundwork for much of the neoclassical tradition in economic analysis. This book brings together a collection of letters from these two Noble laureates from the post-war years, containing new information about
Price Theory
Language: en
Pages: 357
Authors: Milton Friedman
Categories: Business & Economics
Type: BOOK - Published: 2011-12-31 - Publisher: Transaction Publishers

Economics is sometimes divided into two parts: positive economics and normative economics. The former deals with how the economic problem is solved, while the latter deals with how the economic problem should be solved. The effects of price or rent control on the distribution of income are problems of positive
Chicago Price Theory
Language: en
Pages: 2664
Authors: J. Daniel Hammond, Steven G. Medema, John D. Singleton
Categories: Business & Economics
Type: BOOK - Published: 2013 - Publisher: Edward Elgar Pub

The 'Chicago Price Theory' approach to economics has been credited with shedding light on many fundamental questions relating to traditional economics and renowned scholars including Milton Friedman, Frank Knight, George Stigler, Jacob Viner and others have each played a key role in the development of investigative techniques and methodologies. This
Jacob Viner
Language: en
Pages: 166
Authors: Douglas A. Irwin
Categories: Business & Economics
Type: BOOK - Published: 2017-07-05 - Publisher: Routledge

This book presents, for the first time, a detailed transcription of Jacob Viner's Economics 301 class as taught in 1930. These lecture notes provide insight into the legacy of Jacob Viner, whose seminal contributions to fields such as international economics and the history of economics are well known, but whose