Key Benefit: Hubbard & O'Brien are still keeping it real in the third edition with new and updated coverage that reflects the current state of the economy and the recent financial meltdown. Key Topics: MICROECONOMICS: Economics: Foundations and Models; Trade-offs, Comparative Advantage, and the Market System; Where Prices Come From: The Interaction of Demand and Supply; Economic Efficiency, Government Price Setting, and Taxes; Externalities, Environmental Policy, and Public Goods; Elasticity: The Responsiveness of Demand and Supply; Firms, the Stock Market, and Corporate Governance; Comparative Advantage and the Gains from International Trade; Consumer Choice and Behavioral Economics; Technology, Production, and Costs; Firms in Perfectly Competitive Markets; Monopolistic Competition: The Competitive Model in a More Realistic Setting; Oligopoly: Firms in Less Competit
I am forced to give this textbook a lousy review. There is nothing actually wrong with the content, which is standard neo-classical microeconomics. It is that the content of the text is not well matched to the exercises and students struggle with the homework. In many cases the knowledge needed to answer a particular exercise is not imparted in the text. It is as if the text had been revised from previous versions without the problems being revisited as well.
Finally finished with economics classes. This book was easy enough to read and understand. Helpful sections after some of the chapters that walk you through calculations.
If you like to read about microeconomics this might be an enjoyable textbook. I don't really know, it was tough class and occasionally a real zzzzzzzzzzzzzzzzzzzzzzzzzzz. Glad I finished it. That's something right?