Mighty Microeconomics : A Guide to Thinking Like An Economist

Based on a best-selling Japanese text that sold more than 65,000 copies, the book is written in a chatty, colloquial style without compromising the rigor of explaining microeconomic theories. Interspersed with illuminating real-life examples, the book encourages readers to think like an economist with insights on social justice and philosophy.

Economics helps us to understand that certain slick mechanisms are operating beyond what we see in our daily economic lives. To fully understand and appreciate these mechanisms, we need to master the core mathematical theories, some of which are highly advanced and typically covered in a graduate course. This textbook presents those theories without compromising rigor, but, at the same time, the author offers a number of innovative pedagogical twists that make the difficult materials completely accessible to undergraduate students, and even to general readers. Written in a chatty, colloquial style, the author explains basic messages and core insights that are usually hidden between the lines. The usefulness of these theories is shown through a number of real-life examples, and, in the end, the readers can see that the mathematical models provide deep insights into social justice and philosophy. This book helps readers to think like an economist.