Prices and Choices

Prices and Choices is a collection of twenty-seven short, lively essays specifically designed to provide stimulating supplementary readings for introductory or intermediate microeconomic theory classes. Hemenway puts economic concepts to work, using tools of analysis that are well within the grasp of undergraduates. Students will have experience with, and ideas about, the topics and will therefore be able to enjoy Hemenway's entertaining discussions on economic theory; questions at the end of each chapter are included to promote active classroom discussion. Specific topics include: temptation, fashion, haggling, tipping, insurance, crime, quality, inspection, safety, health care, and the Bible.