This book presents economics as a serious, lively, and evolving science. lis goal is lo open students" eyes to the "economic way of thinking" and to help them gain insights into how the economy works and how it might be made to work better.
We provide a thorough and complete coverage of the subject, using a straightforward, precise, and clear writing style.
We are conscious that many students find economics hard, so we place the student at centre stage and write for the student. We use language that doesn't intimidate and that allows the student to concentrate on the substance.
We open each chapter with a clear statement of learning objectives, a brief student-friendly vignette and an illustration to grab attention. We illustrate principles with examples that are selected to hold the student's interest and to make the subject lively. And we put principles to work by using them to illuminate current real-world problems and issues.
We present some new ideas, such as dynamic comparative advantage, game theory, the modern theory of the firm, public choice theory, rational expectations, new growth theory, and real business cycle theory. But we explain these topics with familiar core ideas and tools.
Today's introductory economics course springs from today's issues — the information revolution and the new economy, the expansion of global trade and investment, the economic Shockwaves after 9/11. global terrorism and corporate scandals. But the principles that we use to understand these issues remain the core principles of our science.
Governments and international agencies place continued emphasis on long-term fundamentals as they seek to promote economic growth. This book reflects this emphasis.
To help promote a rich, active learning experience, we have developed a comprehensive online learning environment featuring a dynamic e-book, interactive tutorials and quizzes, weekly news updates, and more.