For two-semester courses in Principles of Economics. Written by an award-winning educator and a highly respected macroeconomist, the text is built on the pioneering "stories, graphs, and equations" pedagogy that's successfully made economics accessible and relevant to all types of students. Student-friendly yet rigorous, this best-selling text helps the student integrate the theory, issues, and policies into an "economic way of thinking." Known for it's lively writing style, clear explanations, international perspective, well-crafted graphs, relevant examples, and unparalleled supplements package, the text supports both the instructor and student through this first, often difficult, course in Economics.
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This best-selling introduction to economics shows readers that economics is a powerful way of thinking and actually teaches them how to thinklike an economist and how to use economics to interpret world events. Reader-friendly and hands-on in approach, it provides a unified approach to economic theory, issues and policies -- using a variety of methods (stories, graphs, and equations) to present economics principles. Offers exceptionally up-to-date coverage in data, examples, events and topics. Begins with an introduction to economic basics, then explores microeconomics and macroeconomics, in depth. Considers both consumers and firms (including the capital market and the investment decision); market imperfections and the role of government; and current applied microeconomics issues (public finance; the economics of labor markets and labor unions; and health care, immigration, and urban problems). Explores macroeconomic principles and policy; macroeconomic analysis and issues; debates in macroeconomics and economic growth (Monetarism New Classical Theory; Supply-Side Economics; economic growth and productivity). Integrates global/international concerns/issues throughout. For anyone interested in a solid introduction to economics.
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8 of 10 people found the following review helpful:
5.0 out of 5 stars
Excellent book for economic students in their first year,
By A Customer
This review is from: Principles of Economics (5th Edition) (Hardcover)
This book presents and explains both Micro and Macro Theory in a very friendly way. It explains step by step the functions of the micro and macro theory and describes the fuctions of the instituions and organizations involve in the economy as a whole. It gives historical background, which many students look for in order to understand how? why? who? the study of economics. Besides it explains really well the economic terminology introduce as you read the book. Finally the book presents current event cases through the chapters which are related it to the ideas presented in the reading.
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