Microeconomic Theory: Concepts and Connections (with Economic Applications) (Michael Wetzstein)

Microeconomic Theory: Concepts and Connections (with Economic Applications)
Best Price: $24.95

Product Description
This book is a calculus-based microeconomic theory text for undergraduates and graduates that successfully balances theoretical/intuitive (verbal), graphical (visual), and mathematical presentation in order to appeal to various learning styles. The text combines theory and applications more completely than most offerings in this course area, and bridges the gap between low-level texts that relegate math to footnotes and upper-level texts that focus only on math at the expense of theory and applications.
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Item added on Tue, Jul 6, 2010

Category: Economics, Microeconomics

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3 reviews for this item

  1. Laura Says:
    This text was used in a graduate level microeconomics class I took last semester. We frequently found mistakes in the formulas, mistakes in the odd answers that are provided for problems, mistakes in the text’s explanations. Answers to the odd problems often took the long, strange way to arrive at an answer. Or they were incorrect. For example, optimization problems often were solved without partial differentiation, using suspect math.

    Some chapters were convoluted and confusingly written–for the second half of the semester the professor frequently started class with an apologetic “I know the chapter on ___ was confusing and hard to follow: these are the key points you should have gotten out of it…”

    In addition, some of the theory such as that found in the public goods chapter is really unusual–not consistent with the accepted interpretations of other economists. While the focus on providing a format useful to visual and graphical learners is nice, the verbal half of those explanations was often lacking. And we also found a couple of incorrectly drawn graphs to confuse things further. Walter Nicholson’s 9th edition Microeconomic Theory: Basic Principles and Extensions is far superior! I used it constantly when Wetzstein’s text left me once again guessing…

    As a first edition, I’m sure the book will improve in future editions. But geez, I worked in publishing before I went back to school–and the content of this book was not proofed very well. I was surprised, especially since it is published by Thompson-South Western.

    Rating: 1 / 5
  2. Jason D. Miller Says:
    I’m purchasing my own copy of this book because of very positive reviews from students in the author’s classes (there may be some bias there, of course).

    It is used to teach two micro econ classes in the Ag Econ department – one split level and one graduate-only, I think. Students from other applied econ fields also take the courses for grad credit (like Consumer Econ) so it is broadly applicable material.

    The students say that it has everything they need for their theses/dissertations and to prepare for comps. I have borrowed the book several times and I find that the explanations are usually good, but a one or two topics leave you feeling like you only skimmed the surface and perhaps got more opinion/conclusion than fact.

    Overall I do not hesitate to buy a used copy as a reference book for $20-40. It’s a good microecon theory book, especially for those who want more than the intro and non-math theory books. My understanding and brief experience is that the math does become complicated though if you’re not good with maxtrix algebra and that sort of thing.

    Rating: 4 / 5
  3. V. C. Cisneros Says:
    The book arrived about 2 weeks after I bought it, from the United States to Mexico, so I consider it was a very good service. I recomend to send the books into a harder covering because I noticed that my book was damaged in a certain level because of the transportation within a very weak covering; may be the price would be a little higher but it’s worthwhile. The book was in good conditions.
    Rating: 4 / 5

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