Product Description
These two highly-respected authors have revised this best-selling book to include more current, modern subject matter and events while maintaining those features that have contributed to its great success. It continues to use stories, graphs, and equations and a unified, logical organization to make economic concepts easy-to-understand and relevant to all readers. Users of this book see the connection between growth, trade, comparative advantage, and the production possibilities frontier. When readers understand how a simple competitive market system works, they are ready to focus on problems of real-world markets.
Currency data has been updated, with coverage of deflation, the effects of the war with Iraq and the war on terrorism, and the wars' impact on the national deficit. A comprehensive overview introducing economics begins the book; subsequent topics include: foundations of microeconomics: consumers and firms; market imperfection and the role of government; concepts and problems in macroeconomics; the goods and money markets; macroeconomic analysis; and the world economy.
An excellent desk reference for economists; this book will serve any business owner, as an understanding of basic economics will prove helpful in all ventures.
From the Publisher
Written by an award-winning educator and a highly respected macroeconomist, this best-selling introduction to economics demonstrates the relevance of economics in students' studies, lives, and the world. It shows them that economics is a powerful way of thinking and actually teaches them how to think like an economist and how to use economics to interpret world events. This student-friendly, hands-on approach to economics provides a unified approach to economic theory, issues and policies. A lively writing style, clear explanations, good graphs, relevant examples, and an unparalleled supplements package keep students motivated throughout the course.
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