This book contains economic experiments designed for students who have not previously taken any economics. While this book can supplement any microeconomics text, it can and has been used by itself to teach principles. Unique in the marketplace, EXPERIMENTS WITH ECONOMIC PRINCIPLES: MICROECONOMICS is an extension of the groundbreaking work in Experimental Economics of Vernon Smith. Bergstrom and Miller are two of the most highly-regarded researchers in the creative world of Experimental Economics. FEATURES1. A new chapter on public goods (ch. 6).2. A new chapter on network externalities (ch. 9).3. A new Part V on essential concepts of economic principles.4. More problems and tie-ins to economics in the news.5. More discussion of economic concepts.6. More modular organization for easy custom-publishing of instructor's own selection of experiments.7. Streamlining some experiments.8. Improved layout of homework exercises allows faster grading.9. Improved layout of personal information sheets in Instructor's Manual.10. Convenient class preparation kits for instructors.Go to the text website for more information on Bergstrom/Miller Experiments with Economic Principles: http://www.econ.ucsb.edu/~tedb/eep/eep.html

Includes bibliographical references (p. [xi]) and index.

I Competitive Markets1. Supply and DemandLab Report for Experiment 1D1 Supply and DemandHome Work for Experiment 12. Shifting Supply and DemandLab Report for Experiment 2D2 Shifting Supply and DemandHome Work for Experiment 2 II Market Intervention and Public Policy3. A Sales TaxLab Report for Experiment 3D3 A Sales TaxHome Work for Experiment 34. Prohibition Lab Report for Experiment 45. A Minimum WageLab Report for Experiment 5D5 A Minimum WageHome Work for Experiment 5III. Imperfect Markets6. ExternalitiesLab Report for Experiment 6D6 ExternalitiesHome Work for Experiment 67. Monopolies and CartelsLab Report for Experiment 7D7 Monopolies and CartelsHome Work for Experiment 7IV Firms and Technology8. Entry and ExitLab Report for Experiment 8D8 Entry and ExitHome Work for Experiment 89. Network ExternalitiesLab Report for Experiment 9D9 Network Externalities Home Work for Experiment 910. Entry and Exit Lab Report for Experiment 10D10 Entry and ExitHome Work for Experiment 1011. Measuring ProductivityLab Report for Experiment 11D11 Measuring ProductivityHome Work for Experiment 1112. Comparative AdvantageLab Report for Experiment 12D12 Comparative AdvantageHome Work for Experiment 12V Information, Auctions, and Bargaining13. Adverse selectionLab Report for Experiment 13D13 Adverse Selection, Moral HazardHome Work for Experiment 1314. AuctionsLab Report for Experiment 14D14 AuctionsHome Work for Experiment 1415. Fundamental ConceptsLab Report for Experiment 15D15 Fundatmental ConceptsHome Work for Experiment 15VI Essential Economic Concepts