A Basic Framework for Economics [antikvár]

Preface The present revision contains a new chapter on international trade, adds apphcations of principles to real-world issues in each chapter, and is intended to provide improved exposition throughout the book. As before, the book streamlines, but does not water down, macroeconomics and microeconomics for beginning students, providing an alternative to the encyclopedic texts now on the market. The book has been developed from many years of teaching economic principles. I have consistently attempted to eliminate principles and materials that are unnecessary for a beginning student and to emphasize those basic to a student's understanding of the current economic world. Since late 1980 it has been my privilege to do a number of short radio broadcasts and newspaper columns on a variety of economic topics of current interest. From these 1 have selected one for each chapter to help bring the world of theory and the real world closer together in the students' minds. Economic events have changed rapidly over the last several years, providing unique opportunities to illustrate the applications and uses of economic principles under various states of inflation, recession, and unemployment. The date at which each piece was broadcast is provided so that it can be considered in the context of the economic scene at that particular point in time. There are several possible uses for the book. It can serve for the theory-oriented part of a two-semester or two-quarter sequence in which half the sequence is devoted to issues and the other half to theory. Or supplemented with issues-oriented textbooks, it can be used for the entire principles sequence. It should be useful for any separate one-semester principles course. It can also provide the requisite economic background for MBA students from other disciplines who have had no training in economics.