In the new, 2nd edition (3rd American) of Microeconomics, distinguished authors and academics Daron Acemoglu, David Laibson, and John A. List continue to leverage real-world data, highlighting the remarkable power of economics to predict and improve what happens around us.

Meanwhile, in a simple and comprehensible manner, they provide students with the opportunity to optimize the fundamental principles of economic analysis in order to better understand human behavior.

Optimization, equilibrium, and empiricism are the three central ideas that the authors address in the individual chapters.