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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.
1. A new chapter on public goods (ch. 6).
2. A new chapter on network externalities (ch. 9).
3. A new Part V on essential concepts of economic principles.
4. More problems and tie-ins to economics in the news.
5. More discussion of economic concepts.
6. More modular organization for easy custom-publishing of instructor's own selection of experiments.
7. Streamlining some experiments.
8. Improved layout of homework exercises allows faster grading.
9. Improved layout of personal information sheets in Instructor's Manual.
10. Convenient class preparation kits for instructors.
Go to the text website for more information on Bergstrom/Miller Experiments with Economic Principles: http://www.econ.ucsb.edu/~tedb/eep/eep.html
I Competitive Markets1. Supply and Demand Lab Report for Experiment 1 D1 Supply and Demand Home Work for Experiment 12. Shifting Supply and Demand Lab Report for Experiment 2 D2 Shifting Supply and Demand Home Work for Experiment 2 II Market Intervention and Public Policy3. A Sales Tax Lab Report for Experiment 3 D3 A Sales Tax Home Work for Experiment 34. Prohibition Lab Report for Experiment 45. A Minimum Wage Lab Report for Experiment 5 D5 A Minimum Wage Home Work for Experiment 5III. Imperfect Markets6. Externalities Lab Report for Experiment 6 D6 Externalities Home Work for Experiment 67. Monopolies and Cartels Lab Report for Experiment 7 D7 Monopolies and Cartels Home Work for Experiment 7IV Firms and Technology8. Entry and Exit Lab Report for Experiment 8 D8 Entry and Exit Home Work for Experiment 89. Network Externalities Lab Report for Experiment 9 D9 Network Externalities Home Work for Experiment 910. Entry and Exit Lab Report for Experiment 10 D10 Entry and Exit Home Work for Experiment 1011. Measuring Productivity Lab Report for Experiment 11 D11 Measuring Productivity Home Work for Experiment 1112. Comparative Advantage Lab Report for Experiment 12 D12 Comparative Advantage Home Work for Experiment 12V Information, Auctions, and Bargaining13. Adverse selection Lab Report for Experiment 13 D13 Adverse Selection, Moral Hazard Home Work for Experiment 1314. Auctions Lab Report for Experiment 14 D14 Auctions Home Work for Experiment 1415. Fundamental Concepts Lab Report for Experiment 15 D15 Fundatmental Concepts Home Work for Experiment 15VI Essential Economic Concepts