This book contains economic experiments designed for students who have not previously taken any economics. While this book can supplement any microeconomics text, it can and has been used by itself to teach principles. Unique in the marketplace, EXPERIMENTS WITH ECONOMIC PRINCIPLES: MICROECONOMICS is an extension of the groundbreaking work in Experimental Economics of Vernon Smith. Bergstrom and Miller are two of the most highly-regarded researchers in the creative world of Experimental Economics.
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I Competitive Markets
1. Supply and Demand
2. Shifting Supply and Demand
II Market Intervention and Public Policy
3. A Sales Tax
4. Prohibition
5. A Minimum Wage
III. Imperfect Markets
6. Externalities
7. Monopolies and Cartels
8. Entry and Exit
9. Network Externalities
10. Entry and Exit
11. Measuring Productivity
12. Comparative Advantage
V Information, Auctions, and Bargaining
13. Adverse selection
14. Auctions
15. Fundamental Concepts
VI Essential Economic Concepts
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