This unique text uses Microsoft Excel (R) workbooks to instruct students. In addition to explaining fundamental concepts in microeconomic theory, readers acquire a great deal of sophisticated Excel skills and gain the practical mathematics needed to succeed in advanced courses. In addition to the innovative pedagogical approach, the book features explicitly repeated use of a single central methodology, the economic approach. Students learn how economists think and how to think like an economist. With concrete, numerical examples and novel, engaging applications, interest for readers remains high as live graphs and data respond to manipulation by the user. Finally, clear writing and active learning are features sure to appeal to modern practitioners and their students. The website accompanying the text is found at www.depauw.edu/learn/microexcel.
Humberto Barreto is the Elizabeth P. Allen Distinguished University Professor at DePauw University. He earned his Ph.D. from the University of North Carolina at Chapel Hill. Professor Barreto has lectured around the world on teaching economics with computer-based methods, including Spain, Brazil, Poland, India, Burma, Japan, and Taiwan, and spent one year as a Fulbright Scholar in the Dominican Republic. He has taught NSF Chautauqua short courses using simulation. He has received two teaching awards, the Indiana Sears Roebuck Teaching Award and the Wabash College McLain-McTurnan Arnold Award for Teaching Excellence. Professor Barreto's research focuses on the history of economic thought and improving the teaching of economics. His book, The Entrepreneur in Microeconomic Theory, was translated into Arabic in 1999. He is co-author with Frank Howland of an innovative text, Introductory Econometrics: Using Monte Carlo Simulation with Microsoft Excel (R), published in 2006 by Cambridge University Press.
Introduction; Part I. The Theory of Consumer Behavior: 1. Budget constraint; 2. Satisfaction; 3. Optimal choice; 4. Comparative statics; 5. Endowment models; 6. Bads; 7. Search theory; 8. Behavioral economics; Part II. The Theory of the Firm: 9. Production function; 10. Input cost minimization; 11. Output profit maximization; 12. Input profit maximization; 13. Consistency in the theory of the firm; 14. Monopoly; 15. Game theory; Part III. The Market System: 16. Partial equilibrium; 17. General equilibrium; Conclusion.