Dewey Decimal330
SynopsisThe Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing readers a method of reasoning that teaches them how to apply these principles as tools. The authors expose readers to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning. KEY TOPICS: The Economic Way of Thinking; Efficiency, Exchange, and Comparative Advantage; Substitutes Everywhere: The Concept of Demand; Cost and Choice: The Concept of Supply; Supply and Demand: A Process of Coordination; Unintended Consequences: More Applications of Supply and Demand; Profit and Loss; Price Searching; Competition and Government Policy; Externalities and Conflicting Rights; Markets and Government; The Distribution of Income ; Measuring the Overall Performance of Economic Systems; Money; Economic Performance and Real-World Politics; The Wealth of Nations: Globalization and Economic Growth. MARKET: Intended primarily for one semester survey courses in general economics, this text also provides practical content to current and aspiring industry professionals., For one semester survey courses in general economics Teach your students how to think like economists. The Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing students a method of reasoning that teaches them how to apply these principles as tools. The authors expose students to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning. The latest edition has been thoroughly updated with current material., Intended primarily for one semester survey courses in general economics, this text also provides practical content to current and aspiring industry professionals. Learn how to think like an economist. The Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing readers a method of reasoning that teaches them how to apply these principles as tools. The authors expose readers to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning. The latest edition has been thoroughly updated with current material.