Like no other text for the intermediate microeconomics course, Goolsbee, Levitt, and Syverson's Microeconomics bridges the gap between today's theory and practice. A strong empirical dimension tests theory and successfully applies it. With carefully crafted features and vivid examples, Goolsbee, Levitt, and Syverson's text helps answer two critical questions students ask, "Do people and firms really act as theory suggests" and "How can someone use microeconomics in a practical way?"
The authors teach in economics departments and business schools and are active empirical microeconomics researchers. Their grounding in different areas of empirical research allows them to present the evidence developed in the last 20 years that has tested and refined the fundamental theories. Their teaching and professional experiences are reflected in an outstanding presentation of theories and applications.
For a textbook remarkably readable and accessible, enlivened by real world examples
I enjoyed learning about microeconomics through the book. Some of the concepts are quite esoteric but overall the authors provide ample narrative around the content and I found it engaging, even when I never had much microeconomics in my education before.
I was assigned this textbook for a class on intermediate microeconomics but subsituted it for better material halfway through. Ultimately, it simply lacks the theoretical depth and 'sophistication' to be of much use for studying the subject on a level that is higher than introductory. Instead, long-winded verbal explanations and real world illustrations dominate this book. Unless you are studying microeconomics just for fun or are uncomfortable with calculus, do yourself a favour and get Varian's 'Intermediate Microeconomics' or Nicholson & Snyder's 'Microeconomic Theory', regardless of what your professor says. They are much more comprehensive and to the point.
It was solid, though not as immediately accessible to someone without a subject background like myself. The real-world application sections were the most interesting to me in comparison to the theory. I've since learned that there's a lot of 'neoclassical' economic theories and 'behavioral economics' theories and they aren't always in agreement - econ drama, I guess. Don't mind my bias on the subject, it's been my least favorite so far!
"One cannot help but be struck by the thought that if the rest of the world knew as much about economics as you now do after completing Microeconomics, we would all be a lot better off."