Principles of Economics 5th Edition 1

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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.
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. --This text refers to an out of print or unavailable edition of this title.

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Principles of Economics 5th Edition

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