Microeconomics is focused on the micro level of the economy – the individual parts that influence the economy such as supply and demand as well as competition. A study of microeconomics can help people have a much better understanding of the world around them. For those who are interested in learning more about this fascinating subject there are some great books to help them do this. Below is a selection of some works that may be of interest; although this is in no way claims to cover all the worthy books on this subject.
Micro Economics (10th Edition) by Roger A. Arnold – 2010
The author of this book sets out to make the material interesting and he does seem to do a good job of this – even the cover looks like a bit more interesting than your average economics tome. Arnold is not afraid to bring economics into this century and his text is peppered with plenty of modern examples. This is one of the very few microeconomics books that you would actually want to read from start to finish, and by the time you have finished you are sure to feel like you have learned something.
Microeconomics Demystified: A Self Teaching Guide by Craig Depken – 2005
This book by Craig Depken is an excellent resource for those who are new to the topic – it can also be suitable for those who are more knowledgeable. The explanations are quite clear and a lot of the confusing terminology has been removed. This can be a great book to turn to if you are being confused by a bulkier text. Microeconomics Demystified would also be a good choice for those people who don’t want to study economics formally but just want an idea about what it is all about.
Microeconomics (7th Edition) by Patrick Pindyck and Daniel Rubinfield – 2008
This book is good as a general text for those hoping to learn more about microeconomics. It is used as a set text in many universities around the world and so is quite well respected. All the major topics are covered in depth and this is a useful book to have in your library as a source of reference. The book is nicely laid out with plenty of graphs alongside clear explanations. This book is likely to be useful to those who already know a lot about the subject as well as those who are complete novices to the subject. Microeconomics provides a good foundation for each subject from which people can explore other material.
Microeconomics: A Contemporary Introduction (8th Edition) by William A. McEachern – 2008
The nice thing about this book is that McEachern doesn’t assume that the reader already has a lot of knowledge about microeconomics. This makes the book a lot more approachable for the beginner. The author uses real life experiences to better help the reader identify and later remember the material presented – a novel approach that seems to work quite well. One problem that students can have is seeing how microeconomics fits in with their own life; this book should help them see this.
Microeconomics (3rd Edition) by David Besanko and Ronald Braeutigam – 2007
The approach used by this book is to use real life examples as a way to demonstrate microeconomic theory. This works quite well and should make the concepts a bit easier for many of us to understand. Those who will likely get the most benefit from this text will be people who already have a bit of understanding about the subject – it is probably not the best book for the very new person to microeconomics unless used in conjunction with easier texts.