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An authoritative textbook based on the legendary economics course taught at the University of ChicagoPrice 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 The

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Book ID Asin: 0691192979
Book Title: Chicago Price Theory
Book Author: Sonia JaffeRobert MintonCasey B. MulliganKevin M. Murphy
Book Format and Price:
Book Price: unknown
Book Category: Books, Science & Math, Mathematics and unknown
Book Rating: 32 ratings

Chicago Price Theory by Sonia JaffeRobert MintonCasey B. MulliganKevin M. Murphy Book Review

Name: Julio Elias
Rating: 5.0 out of 5 stars
Title: ChicagoEconomicsatItsBest
Date: Reviewed in the United States on February 22, 2020
Review: George Stigler once said that “A superior mind and its products must be the most fascinating of scholarly objects.” Gary Becker, Kevin M. Murphy, and Sherwin Rosen are fascinating economists. Their courses in Price Theory at the University of Chicago were based on the premise that in order to understand an economic problem, it is fundamental to combine theory with data in a rigorous way.Chicago Economics is a way of doing economics, a different approach to the discipline. It is based on the idea that the economic approach is a powerful tool that is applicable to all human behavior. As Sherwin Rosen used to say: “one size fits all.”This book is Chicago Economics at its best and it joins the sequence of Price Theory’s textbooks by Milton Friedman, George Stigler, and Gary Becker. It could be useful to combine them to do the readings before class. For example, Chapter 9 on Learning by Doing and On-the-Job Investment can be combined with Chapter 9 on Human Capital of Gary Becker, Chapter 17 on Wage Theory by George Stigler and Chapter 13 on Wages in Different Occupations by Milton Friedman. The videos look like extraordinary resources that may allow the instructors to concentrate on applications and problems.

Name: economist
Rating: 2.0 out of 5 stars
Title: Poorlywrittenveryconfusing
Date: Reviewed in the United States on February 22, 2021
Review: Chapters 1-4 are good. The rest is pretty bad. The book is poorly written, full of unattended pronouns. Many of the economic arguments read as off-the-cuff remarks and are not really worked out. That makes for very challenging reading. Topics that would deserve a simple model covering a few pages are mentioned en passant in a single paragraph. A large majority of the references (if not all) are to work by Chicago economists, as if there's no Economics beyond what is practiced by the Chicago old school. Very weak.

Name: Homoeconomicvs
Rating: 5.0 out of 5 stars
Title: Greatbook
Date: Reviewed in the United States on October 7, 2019
Review: This book contains most of the material from the famous Econ 301 class in Chicago. Great material, clearly written. Emphasis on Economics tools, not math.

Name: anonymous
Rating: 5.0 out of 5 stars
Title: YoucanfindvideolectureonYoutube
Date: Reviewed in the United States on January 10, 2020
Review: Good Book! Also You can find video lecture on Youtube!

Name: Geoffrey
Rating: 2.0 out of 5 stars
Title: Notgreat
Date: Reviewed in the United States on January 5, 2020
Review: It is incomprehensible and sometimes appears contradictory.

Name: Winter
Rating: 5.0 out of 5 stars
Title: Goodtextbookonthetopic
Date: Reviewed in the United States on October 7, 2019
Review: Good textbook for price theory. Clearly written.