Essentials of Economics, Second Edition is a text intended for a one-term course in economics for college students. It attempts to teach students of the analytic way of studying economics and provides the basics of the concept of political economy and uses this knowledge to explain the choice process in the public sector. The book presents a comprehensive survey of economics. It contains chapters that highlight the importance of the microincentive structure of macroeconomic markets; identifies the determinants of supply, as well as the impact of public policy on those determinants; and presents both adaptive and rational expectations theory. The linkage between production theory and the cost curves faced by the firm; examination of the market structure; and the role of regulation and deregulation are covered as well. Economics students will find the book very useful.
With its clear and engaging writing style, this book emphasizes only the key material that readers are likely to find most interesting about the economy, particularly if they are studying economics for the very first time.
ESSENTIALS OF ECONOMICS.
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Resource added for the Economics 10-809-195 courses.
Theoretical expositions in the text are kept close to reality by integrating numerous real-world examples, and by presenting the material in the recognised accessible and engaging style of this experienced author team.Key features of ...
This allowed society to use the remaining gold and silver for other purposes, all with no loss in the ability to achieve gains from trade. In a famous passage in The Wealth ofNations, Adam Smith described paper money as a “waggon-way ...
The text material is again fully integrated into Aplia, the best-selling online homework solution. I have tried to put myself in the position of someone seeing economics for the first time.
Instead, the text is clean and concise, with many examples of significance to students today, including Headlines and Policy Perspectives that use current events to help illustrate the topics discussed.
Note: If you are purchasing the standalone text or electronic version, MyEconLab does not come automatically packaged with the text.
Karen Osborne , our copyeditor , did a fine job helping us streamline and refine our writing . Babs Reingold created the spectacular cover for this book and came up with a book design that awed us each time we saw a new chapter in page ...