The Cartoon Introduction to Economics: Microeconomics (Anglais) Broché – 1 février 2010
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Once I started, I found it hard to put down, since each chapter leads comfortably into the next, as if it were woven into a single, coherent story. At surprisingly frequent intervals, Bauman and Grady decorate the discussion with humorous comments about economics and economists which also tends to keep reading fun, even when discussing serious topics.
Another interesting feature is the way the book boils down the work of recent Nobel laureates in economics: the book visually demonstrates the idea. You'll soon find yourself comfortable with the new "big ideas" of economics in ways that allow you to see the world with additional insights (not to mention being able to discuss adverse selection in casual conversation with your friends...).
A final feature I found useful was a visual glossary that explains key concepts and echo the visual treatment of the concept in the book. Throughout the glossary are images that convey the meaning of economic concepts. If you're a visual learner, you will really enjoy this book.
For those who want to make sure that serious economics concepts are truly covered in this book, I've included a short list below. The book is organized into 3 main sections:
- The Optimizing Individual (one person)
This section covers decision trees, the time value of money and it's use in decision making, decision making under risk (diversification, expected value, adverse selection, etc), and trade (efficient market hypothesis, Coase Theorem, etc).
- Strategic Interactions (one person to some people)
This section covers cake cutting, Pareto efficiency, simultaneous-move games, auctions, and larger markets (competition and monopolies).
- Market Interactions (some people to many people)
This section covers supply and demand, taxes, margins, elasticity, competitive markets and externalities.
The table of contents I've listed above doesn't adequately convey the manner in which the content is covered. For example, imagine pirates discussing "maarrhginal analysis" or two siblings working on cake cutting. The topics are surprisingly full of opportunities for humor.
Bauman and Grady have found a way to make learning economics easy and fun.
and I have visited his blog regularly ever since. I pre-ordered the book because I knew from seeing his stand-up that it would not dissappoint and it's hasn't.
I'm a Economics undergraduate student in Sydney Australia. The content in this book summarises the basic information I learnt in my first year at university but, it's done in a really smart, easy to understand and funny way.
I recommend this book to who ever enjoys economic theory or any parent who has a child who is struggling with micro-economic theory.
I can't wait for Volume 2!!!!
I have quite enjoyed reading it, and if you're looking for an easy-to-digest introduction to the topic, this might be the book for you. One thing that makes it a nice introduction is that
Yoram Bauman is definitely a funny guy: search for "stand up economist" on youtube, or enjoy this presentation where he translates the 10 Principles of Economics into layman's terminology. If you like this presentation you will like the book.