Principles of Micro-economics

by Ben S. Bernanke

Features an emphasis on core principles. Economic Naturalism introduced on micro, and active learning is stressed. Modern microeconomic theories are discussed.

Genres: Economics, Reference, Business, Textbooks, Nonfiction, Academic

470 pages, Paperback

First published January 1, 1994

About the author

Ben S. Bernanke served as chairman of the Federal Reserve from 2006 to 2014. He was named Time magazine’s Person of the Year in 2009 and was a professor of economics at Princeton University prior to his career in public service.

Reviews

[Brandon Meredith · Rating 5 out of 5]

I read a bunch of this book in bits and pieces and learned a ton (go ahead, ask me for three ways to calculate GDP). Who knew that Ben Bernanke was such a good writer? If you want to know why flooding the market with cash after a financial crisis is much less frightening than doing the contrary, read the concise and interesting section on monetary policy. I'm sure I'll pick it up again in the future.

[Gia · Rating 5 out of 5]

Everyone should study Microeconomics! You'll have a deeper understanding of business and politics by knowing economics. My personal favorites are: Cost/Benefit Analysis, Elasticity, Scarcity Principle and calculating Economic Profit. Thought the book should have spent more time however on Economies of Scale.

[Brian · Rating 3 out of 5]

Read it for a student I was teaching, surprisingly good at explaining some ideas without crowding it out with too many numbers.

I haven't figured out yet whether it is better to instruct a student better through teaching them the actual calculations process primarily with the material or just focusing on the theory behind it. It's certainly easier for me because I'm terrible with numbers, but for others, i'm not sure. They definietly each have their own advantages. If you're looking to teach a student, this is pretty good at covering the general concepts of econ. And it's a pretty big name so I suppose there's an added incentive in learning about public economists.

That being said, some of the examples it teaches use really simplistic rational actor models of economics, which makes the writers personal positions fairly clear. This is cleared up if one takes an economics course past econ 101, but otherwise, it can be pretty misleading [as in, there are more debates on the points then originally contended].

[Aysha Ross · Rating 5 out of 5]

This book is a great introduction to economics and how it relates to policy.

[eeshah · Rating 5 out of 5]

Learned a lot tbh

[Patricia · Rating 4 out of 5]

This is a nice, straightforward guide to the material. A little hokey and heartless at times, but I expect nothing less of an economics textbook. The examples are good and the cartoons are groan-worthy.

[Shamma Al Hetmi · Rating 1 out of 5]

I hate economics.

[Sandra · Rating 4 out of 5]

It has some good excersises that not a lot of teachers explain so its good for extra studying material