July 2022 - EXPERT WRITING HELP BLOG

15 Best Microeconomics Books To Read in 2022

Economics is a social science that studies how products and services are produced, distributed, and consumed. The economic facets of human behavior, such as personal preferences and price expectations, are also a focus of economics. Economics books are written by economists and seek to simplify the complex subject of economics. Topics like macroeconomics and microeconomics are challenging for the typical reader.

Because there are so many various kinds of economics books, there is no universal definition of what an economics book is. This article will concentrate on some of the best microeconomics books to read in 2022. You will discover something on this list that interests you and satisfies your demands, regardless of your degree of skill. The review is based on phenomenological experience among our economics research paper writers. At expertwritinghelp.com we use these 15 best microeconomics books to deliver your request of write my economics paper online

So, What Exactly Is Microeconomics

Microeconomics is a subfield of economics that examines how people behave. Microeconomics enables us to comprehend how our choices impact the supply and demand for goods and services. It assists us in figuring out the value of products at various points in time. Choosing resources for consumption and production is another aspect.

Most people mistakenly distinguish between macroeconomics and microeconomics. Microeconomics examines how individuals and firms behave, whereas macroeconomics deals with the aggregate economy. Both are distinct subjects that call for independent research.

Here are the top 15 microeconomics books that can help you quickly become an expert in the field. I urge you to read it, absorb its lessons, and use it in your personal and professional life.

Top 15 Best Microeconomics Books To Read In 2022

1. Principles of Microeconomics by ( N. Gregory Mankiw)

best intermediate microeconomics book — Source: https://www.goodreads.com/book/show/9979549-principles-of-microeconomics

It is the most often utilized textbook in the class. The entire set of fundamental microeconomic rules can be found in Principles of Microeconomics. Even school-level kids will find the chapters brief and relatively simple to understand.

Summary

This book’s language is relatively simple, so you won’t have to struggle to understand any given chapter. This book will benefit you if you want to master the principles of microeconomics because it doesn’t contain any information that a layperson won’t grasp! Select this microeconomics book, underline the passages that speak to you the most, and then note any further thoughts you may have.

Key features of this book

Apparent and straightforward writing
This book is available on Audible, Amazon, Flipkart, etc.
It provides numerous examples to aid your grasp of the subject’s fundamentals.
It provides a concise and clear explanation of all the fundamental microeconomics principles.

2. Microeconomics: Principles, Problems, & Policies (McGraw-Hill Series in Economics) by Campbell McConnell, Stanley Brue, and Sean Flynn

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This is the most okay book to choose if you ever have to read something for class. For a very long time, students have found it to be ideal.

Summary

There are 20 chapters in this book, one of which is titled “behavioral economics.” The role of behavior in microeconomics has not been covered in many works. However, this one encourages students to approach microeconomics from an entirely new perspective. This book is helpful for individuals who want to teach and need a reliable instructional plan, in addition to pupils currently enrolled in school. The students may quickly master the digital material, and they can use it to augment their studies for exams and other purposes. You can also read this textbook to save time and understand microeconomics topics as a business owner.

Key Features

The deal textbook for entrepreneurs.
This book is available on Amazon, Audible, etc.
Its information can also be applied in the classroom.

3. Modern Principles: Microeconomics by Tyler Cowen and Alex Tabarro

best microeconomics book quora — Source: https://www.goodreads.com/book/show/6659171-modern-principles

How can people learn more effectively? It has been discovered that they learn best when doing so visually. Even a dull subject like microeconomics was made to stand out as one of the most engaging topics in this book thanks to the authors’ use of images.

Summary

This book is pretty decent for novices and those unfamiliar with the basics of microeconomics. This is the “go-to book” for anyone taking their first microeconomics course. This book’s easy-to-read chapters and accompanying images make it unnecessary for you to flip back and forth between topics to understand one. You can follow along and pick up the ideas, perceptions, and foundations. This book will also give you a lot of instances from real life that you can relate to and better understand.

Key Features

There are five sections in this book.
You will learn a lot about microeconomics if you read all five sections of this book.
Audible, Flipkart, etc., all sell this book.

4. Microeconomic Theory by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green

best microeconomics book in 2022 — Source: Microeconomic Theory by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green

If you are new to microeconomics, you shouldn’t start with this book because Microeconomic Theory is the fundamental textbook on the subject.

Summary

The University of Michigan uses this book to teach microeconomic theory to Ph.D. candidates for a whole academic year. This book will teach you concepts and fundamentals rather than intuitions, allowing you to publish your works in esteemed journals in the future. However, do not attempt to read this book on your own. You still have the option if you’re an economist or have your Ph.D.

Key Elements

It has five sections: social choice theory and mechanism design, game theory, partial equilibrium analysis, general equilibrium analysis, and individual decision-making.
You will learn a lot about microeconomics if you read all five sections.
It is available from Audible, Flipkart, etc.

5. Microeconomics made simple by Austin Frakt and Mike Piper

best microeconomics books for beginners — Source: https://www.goodreads.com/book/show/22431116-microeconomics-made-simple

You occasionally need a helpful reference to review what you have already studied when recapitulating the microeconomics ideas. That is the sole purpose of this top microeconomics book.

Summary

Students, teachers, instructors, and business owners can use this book to refresh their expertise. People busy in their professional or personal lives and have little to no time to study microeconomics would find it helpful. Professionals need something to read through quickly since their professions need it (and they have no prior knowledge of economics).

Key Elements

You won’t ever experience information overload. Let’s leave that to the books. This book is recommended if you seek a practical, precise, and reliable resource for condensed knowledge of microeconomics.
It is brief, engaging, and simple to comprehend. If you don’t have much time to read, finishing this book is almost like completing an exam.

6. Advanced Microeconomics Theory by Felix Muñoz–Garcia

All of the complex microeconomics concepts are fully introduced in this book.

Summary

This book is the best for master’s and Ph.D. level economics, public policy, and finance students. It offers several illustrations of how we put various theories into reality. Additionally, it provides several mathematical presumptions that explain different economic theoretical frameworks.

Main Features

It does not go into the fundamentals of microeconomics but concentrates on more technical subjects.
It explains the connection between microeconomics and mathematics and how problem-solving is aided by it.
It covers many subjects, including monopoly, demand theory, game theory, and preference relations.
This book is available on eBay, Amazon, etc.

7. Microeconomics by Paul Krugman and Robin wells

This book would be the ultimate textbook you could ever require, regardless of what you do—study in an undergraduate program, operate a business, or perhaps wish to understand every imaginable topic one can know in microeconomics.

Summary

Students who have read this microeconomics textbook have stated that it made it possible for them to pass their microeconomics classes with A’s without putting in much work. This book is simple to follow and helps readers grasp the essentials well, according to readers who don’t have a lot of business knowledge or have never taken a business class.

Main Features

The language used is quite simple and easy to understand.
It provides numerous examples to aid your grasp of the subject’s fundamentals.
It provides a brief and clear explanation of all the basic principles of microeconomics.
Audible, Flipkart, and other online retailers all sell this book.

Also Read

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8. Microeconomics for today by Irvin B. Tucker

Many microeconomics textbooks make big claims but offer the complete opposite. However, there is no disconnect between what this book promised and what it delivered. Instead, if we contrast it with modern microeconomics textbooks, this is what all incoming economics students ought to read.

Summary

Although written simply, this book will help you expand your vocabulary, concepts, perspectives, and comprehension. It is ideally suited for college students who wish to succeed academically while grasping the foundations. As a result, you browse the book quickly. The vocabulary words used in each chapter are listed on the side of the chapter. Additionally, there will be a summary and a practice test after each chapter so that you can review the entire idea.

Key Takeaways

A fantastic textbook for those starting a startup or working in the business.
To make studying considerably simpler, it offers sample exams after each chapter.
The book includes tools, website links, PowerPoint slides for educators, and CDs.

You can buy this book from Amazon or any other retail shop.

9. Microeconomics: Theory and Applications with Calculus by Jeffrey M. Perloff

This microeconomics textbook is self-explanatory. Read this book if you wish to refer to the fundamentals of microeconomics with real-life examples.

Summary

Those wishing to learn microeconomics from scratch should not read this book. This book is not for new readers. Instead, you can pick up this book and deepen your comprehension once you grasp the principles of microeconomics. You must also be familiar with derivative and integral calculus concepts to thoroughly understand this book’s information. Therefore, before starting this book, read several introductory math and microeconomics texts. This book’s presentation is its one flaw, but you may not find it to be one. The book is written more like a mathematics book than a microeconomics textbook.

Points to consider

This book should be on your “to-read” list if you enjoy witty examples and inspiring phrases.
If we take into account the value the book offers, it is reasonably affordable. The book has over 800 pages and is priced between $20 and $25.

10. CoreMicroeconomics by ( Eric Chiang)

Because it is thick and chock-full of microeconomic concepts, this best-selling book on the subject is difficult for those unfamiliar with it.

Summary

The author introduces numerous fresh ideas in microeconomic theory. That indicates that this book contains more than just the fundamentals of microeconomics; it also contains information on how to teach students about the newest developments and innovative notions in the field. Many students who have used this book in class have reported that it was handy during the semester and helped them pass the course. This book can be utilized by teachers who teach microeconomics to their students in addition to students.

Key Features

The book contains all of the author’s teaching experience and broad understanding of teaching economics courses.
There are more than 500 pages, and every detail is thoroughly explained.
Audible, Flipkart, etc., all sell this book.

11. Freakonomics. A rogue economist explores the hidden side of everything by (Steve Levitt and Stephen J. Dubner)

Without mentioning the title Freakonomics, the list of microeconomics books is lacking. One of the best textbooks on microeconomics that you will find is this one.

Summary

The book offers a selection of articles and theories to assist you in comprehending economics’ most fundamental concepts. It demonstrates how we may apply economics in our daily lives by using a variety of applications. It’s a fascinating book that examines many issues from an economist’s perspective. It has chapters demonstrating the connection between economics and peoples’ everyday lives.

Key Takeaways

The language used to write the book is informal and straightforward to understand.
It also demonstrates how economic policies impact our day-to-day activities.
Case studies are included at the end of each chapter.

12. Principles of Microeconomics by Karl E. Case, Ray C. Fair, and Sharon E. Oster

It is the ideal book for anyone new to microeconomics who wants to get the basics down without any filler.

Summary

The author did not write this book to instruct or teach. It is intended for people who are currently unfamiliar with the topic and are not proficient in advanced mathematics. Although it is designed for beginners, it does not imply that it is meaningless or illogical. No, this book is jam-packed with real-world examples and current events to help new readers connect the concepts to everyday life. If you want to understand the principles of microeconomics from scratch without paying little attention to the mathematical ramifications, pick up this book.

Key Features

Each idea offered in this book has undergone extensive research. Additionally, it includes an exercise that will help readers comprehend the principles of microeconomics.
It includes MyEconLab, which you should get in addition to the book since MyEconLab will provide you with an organized environment, enhance your comprehension of each idea, and allow you to practice more effectively.

13. A Short Course in Intermediate Microeconomics with Calculus by (Roberto Serrano, Allan M. Feldman)

This challenging mathematical textbook has been designed for intermediate students who have taken calculus and an introductory microeconomics course.

Summary

While introducing more in-depth coverage of game theory, experimental economics, and behavioral economics, the book maintains its strengths as simply written, well-organized, and calculus-integrated. It offers a brief yet thorough treatment of the fundamental microeconomics concepts, including theories of the consumer and the firm, market structure, partial and general equilibrium, and market failures brought on by public goods, externalities, and asymmetric information. It stays more focused and manageable than comparable textbooks.

Main Features

In addition to over seventy new mathematics exercises and improved versions of the previous edition, this book’s second edition offers good solved problems in all of the introductory chapters.
The authors use the book’s full color with clear and valuable graphs and graphics.

14. Math Practice for Principles of Microeconomics by Carl Sutton Mapleton

The more challenging practice problems frequently found in essential microeconomics are collected in this book to assist students and educators.

Summary

The book can be assigned by teachers to students as needed, and students can utilize it for further practice. The workbook format is used to present the material. Students can check answers in the book’s back, exhibit their work, and finish the exercises. To aid students receiving various types of education, the equations and problems are also presented in multiple ways.

Key Takeaways

In this book, there are only collections of math-related problems; there are no definition or concept questions.
The third edition has been rewritten and includes additional net present value, compound interest, and international trade problem sets.

15. Principles of Microeconomics 2e by OpenStax

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This OpenStax printed book is the least expensive one on the market.

Summary

The scope and organization of most beginning microeconomics courses are covered in Principles of Microeconomics, 2e. Many recent instances are used throughout the system, and they are all treated fairly from a political standpoint. As a result, economics theory and application are approached in a balanced manner. The second version has undergone extensive revisions to improve clarity, include feedback from many reviewers and adopters, and update data and current event impacts.

Main Features

To assist instructors in switching to the second edition, the preface and transition guide outline changes to Principles of Microeconomics 2e.
On the OpenStax website, you can get a free copy of this textbook.

In Conclusion

All the best microeconomics books listed above are helpful and worthwhile to read. The advanced books listed above can be chosen once you have a general understanding of the fundamentals. After reading them all, choose the one that most appeals to you.

Flight 255 Aircraft Accident Case Study Essay

SOLUTION: Flight 255 Aircraft Accident Case Study Essay

Are you looking for aircraft accident investigation assignment help from expert aviation assignment help experts? Below is a solution for flight 255 air accident investigation report example. If its your first time to do an air accident investigation assignment follow the report to understand the guidelines to follow.

Overview of the Flight 255 Air Accident

It is exactly 25 years since one of the worst airborne accident happened on the soil of the United States of America. On August 16, 1987, aircraft Flight 255 bound for Arizona was involved in a crash that killed 156 people and left one person alive. Among the dead were 148 passengers, 6 crew members and 2 persons on the ground. Five people on the ground were injured, with one person seriously injured and four persons suffering minor injuries. The survivor of the crash was a four year old girl by the name of Cecelia Cichan, now 29 years and married. The aircraft belonged to Northwest airline and was headed for Arizona from Detroit Metro Airport.

According to NTSB (1987) the aircraft that was involved in the air mishap was a McDonnel Douglas DC-9-82, US Registry N312RC. It had 149 passengers and 6 crew members on boards. The craft was being piloted by Captain John R. Maus aged 57 years and David Dodds aged 35 years. According to the history of the flight, the aircraft started journey on August 16, 1987 operating as flight 750 after been picked at Minneapolis. It was being flown to Michigan with on the journey stop at Detroit Metro Airport. It arrived at Saginaw at about 1840 daylight eastern time, and was scheduled to make flights to Santa Ana, California with two enroute stops at Detroit and the other one at Phoenix. The aircraft was scheduled to be piloted by the same crew that flew it in. Now operating as Flight 255, it left Saginaw N312RC at around 1853 Eastern Time. Flight 255 arrived at Detroit Metro Airport at 1942 Eastern Time. It is reported that the journey to Detroit Metro Airport was uneventful. At the gate of Detroit Metro Airport, the aircraft made successful 180” turn to its designated arrival gate. After passengers had disembarked the plane, routine checkup of aircraft and cabin maintenance logbook was done by one of the Northwest mechanic, nothing unusual was detected on either logbooks. Before the flight, it was reported that the captain conducted the usual walk-around inspection the plane. He ascertained to the transportation agent that everything was in order for the flight to take off. Tentatively at around 2029 Eastern Time weight tabulation was handed to the crew, and about 2032 flight 255 started its journey by departing the gate. At around 2033 the flight crew started the engines and the ground crew detached the tow bar from the craft. Details emerged that communication between the ground controller and the flight crew was going smooth and at about 2035 the ground controller gave the flight crew of flight 255 the green light to way out the ramp using taxiway Charlie, commonly referred to as C, then taxi to runway 3C, and thereafter switch radio frequencies to 119.45Mhz, which they were to use to communicate with the ground controller. However, it is reported that the first officer despite being alerted to change radio channels he did not, he only repeated the taxi clearance statement. Recordings from the aircraft indicate that the captain sort advice from the first office on whether they could use runaway 3C for takeoff. Something that first officer confirmed and alerted the captain of flight 255. Runaway 3C, which is the shortest of the three runaways at Detroit Metro Airport is used by aircrafts recording takeoff weights of 147,500 pounds and 145,100 pounds, with flaps set at 11⁰. Flight 255 could use the runaway since it was below the recommended takeoff weight. The aircraft was at 144,047 pounds. The aircraft is reported to have missed the turnoff at taxiway C, but it was later redirected by the ground controller to runway 3C. communication at this point is reported to have been all right as the ground controller manager to contact the first officer and directing him to runaway 3C and alerting the first officer to switch to a new frequency, which he obliged. The aircraft started experiencing problems from the moment the engine was powered as the flight crew had failed to engage the automatic throttle system; luckily, they latter managed. Witnesses accounts reveal that the takeoff of flight 255 was problematic as it was confirmed that the takeoff roll was longer than of other similar aircrafts, the rotation commenced at between 1200 and 1500 feet from exit of runaway 3C, the rotation of the aircraft was at a higher pitch angle than is usually the case with other similar aircrafts, the plane’s flaps and slats were extended and lastly the plane’s tail almost struck the runaway. Once the plane was airborne, it is reported that plane started rolling from right to left, with bank angles swaying from 15⁰ to 90⁰. During the rolls, the left wing hit a light pole in a car lot, continued left rolling hit a light pole of another rental car lot and lastly smacked the rooftop wall of the second rental car lot. After hitting the rooftop the plane left rolled to the ground, slip along the road till it hit a railroad guard and exploding into flames. The McDonnel Douglas DC-9-82 was destroyed completely by the ground impact and engulfing fires.

Analysis and Evaluation of Fight 255 Air Accident

Due to enhanced aviation technology, aviation safety has tremendously improved, making air travel the safest mode of transport. Nevertheless, there are still cases of aviation accidents despite automation efforts in the industry. Due to the advanced aviation technologies such as automation employed in airplanes today we can conclude that the aircraft accident involving McDonnel Douglas DC-9-82 was caused by human error. This view is upheld by research conducted to investigate the causes of aircraft accidents. It was reported that most of aviation accidents are caused by human error (Kern, 1998; Strauch, 2004). Wiegmann and Shappell () point out that aircraft over the years have continued to be more reliable, and therefore it is human error that is contributing to aviation accidents. Aviation experts and aviation safety analysts report that human error in aviation as any human actions that compromise the effectiveness or safety of aircraft system (Wickens, Gordan & Liu, 1998). Human error may occur due to the following: humans operating the aircraft system; humans who designed and developed the aircraft system; humans who supervise the aircraft crew and humans who trained the aircraft crew. Kern (1998) observes that aviation accidents are caused by two categories of human error; namely, omission and commission. Error of omission is attributed to flight crew members failing in executing their obligatory tasks. Errors of commission, on the other hand, occur when crew members such as flight crew members execute their required tasks wrongly. Other forms of human errors that cause aviation accidents include slips, lapses, mistakes and violations (Strauch, 2004). Strauch (2004) continues to observe that in aviation, human error can manifest as pilot or flight-deck error, maintenance error or as air traffic control error.

In the accident involving McDonnel Douglas DC-9-82, it is evident that the crew members failed in execution of their obligatory tasks before takeoff and during takeoff. It is reported that the aircraft had one of the most sophisticated technology. Therefore, most probability human performance of the flight crew, air controllers or maintenance engineer compromised the efficiency and safety measures of the plane’s system. The cause of the airplane accident is poor takeoff of the aircraft that resulted to the flaps hitting the long pole of the rental car lots. It is the duty of flight crew members to ensure that flaps and slats of an airplane are well positioned for takeoff. Similarly, it was the inspection task of flight-255 crew members to ensure that the airplane’s flaps and slats were appropriately extended for takeoff. Flight crew of the ill fated plane failed to do a thorough TAXI checklist. Among the things they were supposed to check and verify was correct positioning of flaps and slats and the configuration of the plane for takeoff. The flight crew member are believed to have been properly trained according to the required standards. This was therefore an error of omission that cannot be explained. It is normally the duty of the first officer to position and extend the flaps once the airplane has started taxiing and cleared the ramp. However, in this case the first officer was engaging initiating change of runaways, consequently diverting his attention and delaying him from extending the flaps. Even once airborne the flight crew members failed to notice that the flaps had not been extended properly. This may be attributed to human error. Besides, it is incomprehensible why automatic alarms failed to notify the flight crew members that the flaps were not properly extended. This raises issues of the reliability of the automatic alarm to alert crew members of any improper setting. It is difficult to ascertain whether the automatic alarm failed or was it manually interfered with. Probably, improper settings of the flaps of the ill fated flight 255 were caused by mechanical errors and human errors.

Cockpit discipline of the flight crew members of flight 255 come into sharp focus. The captain was not in control of the other crew members as should be the case. The captain failed to ensure that checklists were accomplished as per the set procedures and guidelines. Information collected before the flight indicated that the flight officer was the one who signed the flight release document. This was, and is, against Northwest Airlines procedures and aviation industry regulations; instead it is the captain who is obligated to sign the flight release documents. Therefore, flight officer was burdening himself with roles of the captain and his duties. This may therefore have compromised on performance of his duties. It was also reported that initially during the taxi-out, the first officer did not abide to the ground controller request of changing radio frequency, obstructing communication between dround controller at taxiway Charlie or C and flight crew. This behaviors by the flight crew members of flight 255 may have probably caused the crashing of the plane as their performance fell below the set standards of air carrier flight crew. It is evident that human error, both of error of omission and error of commission, by the flight deck caused the air mishap.

Conclusion and Recommendation

From the above analysis and evaluation of the ill fated flight 255, it can be surmised that the airplane accident was caused by human error and mechanical error. The following human errors caused the airplane accident: error of omission, error of commission, mistakes, violations and lapses. The first officer failed to ensure that the flaps and slats of the airplane were properly extended, and instead was engaging ground controllers in changing runaways; these represents error of omission and error of commission respectively. The flight crew failed to ensure that the TAXI checklist was accomplished properly, which represents violation and mistakes. Automation has allowed airplanes systems to detect and alert flight crew members of failure of any part of the aircraft system. However in the case of flight 255, the automatic alarms failed to alert the flight crew of improper settings of flaps and slats. This shows that the automatic alarm system may have malfunctioned due to mechanical problems or lack of electrical power.

Due to the cited errors, which include mechanical and human error, which caused the fatal crash of flight 255, there is need for aviation industry players to ensure that they review their safety standards and training standards. Flight crew members should be trained on cockpit discipline and management to ensure that every crew members understands and executes his role as per the laid down industry standards. This will prevent human errors, mistakes and violations in the future. Secondly, there is need for safety and mechanical evaluation of automatic alarm systems to ensure that failure are detected and corrected. Thirdly, players in the aviation industry should convene a meeting of flight crew members to seek better and friendly way of accomplishing the checklist since the conventional method may be failing. Lastly is the strict enforcement and adherence to checklist procedures by inspectors. This will minimize cases of human error and mechanical error as witnessed in flight 255.

References

National Transportation Safety Board (1987). Aircraft accident report: NorthWest Airlines, Inc. McDonnell Douglas DC-9-82, N312RC Detroit Metropolitan Wayne County Airport Romulus, Michigan. Washington DC.

KERN, T. (1998). Flight discipline. New York: McGraw-Hill.

STRAUCH, B. (2004). Investigating human error: Incidents, accidents and complex systems. Aldershot, England: Ashgate Publishing Ltd.

Wickens, Christopher D., Gordon, Sallie E., and Liu, Yili (1998). An Introduction to Human Factors Engineering. Addison-Wesley Educational Publishers Inc., New York, New York.

Wiegmann, D. A. & Shappell, S. A. (2000). Human error perspectives in aviation. The International Journal of Aviation Psychology, 11(4), 341-357